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 Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

There are 13,036 people who have yet to be compensated and redressed. They are all individual customers. We know that Ulster Bank appeared to be much slower in its redress and compensation scheme than the other banks. That does not mean I am doling out gold stars to the other institutions. It looks to me as though Ulster Bank has redressed and compensated no one. Why is it so much behind the curve compared with the other institutions? Why has the Central Bank allowed that to happen?

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