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 Paddy BurkePaddy Burke (Fine Gael) | Oireachtas source

Mr. Mason said the bank could not fund itself at the rates it was charging during the downturn. The bank used its position to change the rates. How do we guarantee it will not happen again and that we will not get into the same position we were in where the bank may not be able to fund itself going forward and might have to change the rates again?

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