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:
The design of each of the schemes is intended to ramp up the importance of compensation depending on the severity. If a person has been overcharged by €100, the amount of compensation will be a small fraction, whereas the design for loss of home is much bigger. I will ask Ms Rowland to explain it.
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