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

Ms Derville Rowland:

We can give the Deputy that. The Deputy's question related to the policy considerations that would inform the 10% of turnover application, and I do not have a definitive answer for him. That would be a matter of careful sentencing law consideration, which would inform the application of that. It is certainly something in terms of our membership of the Single Supervisory Mechanism, SSM, and as part of our prudential regulatory considerations, we work on these matters because that is not a matter that would be taken lightly. Careful, legal sentencing policy considerations would go into the application of that.

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