Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

It is appropriate to point out that much of this occurred before Professor Lane became the Governor of the Central Bank. In addition, much of this occurred in 2010 when the country was experiencing a severe financial crisis and the Central Bank was dealing with many serious problems in the banking sector. While I appreciate that, this does not take away from the complete failure of the Central Bank to fulfil its consumer protection responsibilities. In 2009, the Financial Services Ombudsman wrote to the Central Bank requesting that it carry out an industry-wide review of tracker mortgages. Will Professor Lane confirm that the Central Bank received that request and did not carry out an industry-wide review at that point?