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

Photo of Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

The Central Bank is currently taking enforcement proceedings against Permanent TSB, Ulster Bank, Bank of Ireland, KBC Bank, Allied Irish Bank, AIB, and the Educational Building Society, EBS. These are six of the lenders involved in the tracker scandal. Are other enforcement proceedings anticipated and, as of today, what level of fines have been imposed on the financial institutions around mortgage and lending activity over the last number of years? This information may be in the public domain but I would welcome if the witnesses could identify the institutions involved and how much they were fined.

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