Oireachtas Joint and Select Committees

Thursday, 18 January 2018

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

Tracker Mortgages: Central Bank of Ireland

9:30 am

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

I want to discuss how banks recognise their losses over the years and how that is reported. Would the tracker issue not have meant that they should reported losses because of having to repay the money and having to pay compensation and redress and so on? Is the Governor satisfied that the banks, not only relative to the tracker issue but generally, properly report their losses, if any?

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