Mr. Brendan Burgess:

We have been highlighting the issue for years on my website, calling on the Central Bank of Ireland to deal with it. I have been aware of that issue for a long time and have pushed on it. The reason it has become an issue - and I pointed this out yesterday at the AGM of Permanent TSB - is because the Financial Ombudsman found in favour of these borrowers and Permanent TSB went to the High Court to appeal the ombudsman's decision and then to the Supreme Court. That is what got the Central Bank of Ireland going. I have no doubt but that this committee was a great help. Let us be clear it was the fact that the Permanent TSB appealed a case to the Supreme Court which woke up the Central Bank of Ireland.