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
Professor Philip Lane:
This is exactly why we have been running this examination. From our source of information, and from putting forward this examination, this is how these people are now being included. I have seen in some media that suddenly we have these extra 13,000 people. They did not emerge from nowhere. They were on our radar. It was a question of getting the banks to accept that they needed to be brought into the scheme and they needed to be redressed and compensated. In other words, these are long-standing issues. We have had a long-standing concern. People like Padraic Kissane, and others, and many people here, would be aware that these have been well-known cases for a long time. It was a question of getting them to a point where the banks were going to pay redress and compensation.
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