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

The language the Governor has used today is quite strong. He spoke about the lenders being "forced" to pay out €316 million, money which belongs to the borrowers. He spoke about the senior management of lenders being "hauled in". That is not language we normally hear from the Central Bank. He spoke about the material deficiencies in certain lenders' responses. As of today, is the Governor satisfied with the level of co-operation and the work being done by all of the lenders in this examination?

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