Oireachtas Joint and Select Committees

Tuesday, 4 April 2017

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

Banking Sector: Quarterly Engagement with Central Bank of Ireland

10:00 am

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I welcome the Governor of the Central Bank, Professor Lane, and his colleagues. I thank him for his opening statement and acknowledge the update issued by the Central Bank on the examination of tracker mortgages. While it did not answer every question, it went a long way. On customers being denied their contractual rights, does Professor Lane believe the practice was systemic and widespread across the banking system?

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