Oireachtas Joint and Select Committees

Tuesday, 20 December 2016

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

Banking Sector in Ireland: Central Bank of Ireland

11:00 am

Photo of Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

I thank the Governor for his opening statement and his comments so far. In a seven-page statement, though, only three paragraphs related to trackers and a number of issues on that matter have not been covered so far. A laborious process has been undertaken, in that every contract is being examined. It would have been better had this been done in 2010, but it is being done now. The Governor stated that the review was at its mid point. Does that mean that approximately half of the contracts have been reviewed?

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