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
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
I welcome the Governor of the Central Bank of Ireland and his colleagues. It is important to acknowledge there has been progress in the examination, which is to be welcomed. The role of the Central Bank in that regard should be acknowledged and I am happy to do so.
There are some new numbers in Professor Lane's presentation. I have been trying to work my way through them and perhaps he might help me to summarise them. In the update issued in December, if we exclude the 7,100 customers in the pre-examination period, the Central Bank had identified a total of 26,600 customers who were included in the examination. At that stage 12,900 had received redress and compensation. By my calculation, that figure has increased by 600 to 13,500 customers. Is that correct? Is it broadly correct to state approximately 13,000 of the 26,600 customers remain to be paid redress and compensation?
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