Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

We will continue to raise the matter. I would briefly like to encourage the Central Bank to continue its efforts towards the development of a single European market in financial services from a consumer perspective in respect of insurance, mortgages, small and medium enterprise, SME, borrowing and so on. We do not currently have it. We have questioned European Commissioners and so on here. We are aware of the current state of play. Any support that could be lent to that development would be positive.

On commercial trackers, I have had correspondence with the Central Bank and have passed on certain information which I have received. Is it fair to say that there is currently no investigation or examination into whether some of the characteristics of the tracker mortgage scandal also apply to commercial borrowings linked to, for example, EURIBOR; in other words tracker-type commercial loans? Are there any concerns at Central Bank level that customers were wrongly taken off of such loans or had terms changed?