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:

With respect, it cannot be said that that represents the totality of our work or thinking. What I have been given is a two-page photocopy of Part 4 of a contract, with two parts placed in front of me and presented immediately as the defining moments, but that is not how the work was carried out. I do not have the complete information. This was given to me a few moments ago. The Deputy will understand why I believe this does not present me with an opportunity to give a full articulation or presentation. With this document, it appears to me that something important is not here, namely, clause 3.6.i in Part B. As it is not in front of me, I cannot say what it is or what it is not, let alone make a just comparison with the many long hours of work we put in in considering substantively the tracker margin issue.

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