Oireachtas Joint and Select Committees
Thursday, 1 February 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Tracker Mortgages: Ulster Bank
9:00 am
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
Will Ulster Bank take a proactive approach or will we have to do what we did with the tracker mortgage scandal again? Will the committee, the Government and the Central Bank have to do a pincer movement on Ulster Bank or will Ulster Bank learn the lesson and carry out its own investigation? The Financial Conduct Authority, FCA, will publish its report. The pressure is coming on. I would argue that the game is up. If Mr. Stanley genuinely wants to restore confidence in Ulster Bank, having been tipped as being the CEO in-waiting last time and missing out, this could be his turn. I am sure Mr. Stanley does not want this hanging over him if he is in the top job.
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