Oireachtas Joint and Select Committees

Thursday, 10 May 2018

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

Banking Sector: Quarterly Engagement with the Central Bank of Ireland

9:30 am

Ms Derville Rowland:

There are six investigations open with respect to the tracker mortgage issue. All of the institutions have been named. There is a team of lawyers, accountants and financial services experts working on those cases. They are carrying out data acquisition looking at the IT systems and the information they have. They are carrying out interviews with current and former staff. It is an investigation that follows the rigorous structure of legal investigations. We cannot comment on the outcome of those investigations. Were we to do so, it would mean that we would hurt any subsequent proceedings.

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