Oireachtas Joint and Select Committees

Tuesday, 30 January 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Tracker Mortgages: Bank of Ireland

7:10 pm

Photo of Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

Of the 6,000 extra cases that were added following robust challenge and internal procedures in addition to the some 3,300 had already been agreed prior to that. Is there a further pool of mortgage accounts which the Central Bank was also looking at, of which the bank only accepted three quarters, that being 6,000 cases out of 8,000, for example? Alternatively, is it the case that the 6,000 cases which represent the jump from 3,400 to 9,400 were all the disputed cases which the Central Bank was robustly challenging and in respect of which Bank of Ireland finally put its hands up - I am not saying it surrendered or rolled over - and agreed to accept the Central Bank's point? Did the Bank of Ireland take 100% of the cases that were under robust challenge by the Central Bank and move them into the redress and compensation scheme or are there some, where Bank of Ireland said that it would not do so , that it did not have to do so and that was standing by its original point of view?

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