Oireachtas Joint and Select Committees

Thursday, 8 December 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland

9:30 am

Mr. Bernard Sheridan:

There are two aspects to that. Each lender sets out its redress scheme and we see it before it is implemented. It is a framework within which we have to be satisfied, but the bank has to come up with the redress and compensation that is appropriate for their customers.

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