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
Gerry Horkan (Fianna Fail) | Oireachtas source
We are a finance committee. We all know that averages can hide as much as they show up. If one divides the €47 million first tranche of compensation by the 7,100 clients, it works out at around €6,000 each. Then it increases to about €18,000 each and the last batch seems to be about €22,000 each, but within that there are people who received €100 and there could be people who received €200,000. Professor Lane is saying that the Central Bank does not have those figures. Is it the case that the banks have not told the Central Bank those figures or that the Central Bank cannot provide them to the committee?
No comments