Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

That is disappointing because there have been delays in the process arising from another bank appealing the FSO decision, stalling the resolution of the tracker mortgages issue for many years. Yesterday, the Central Bank announced a programme of changes relating to switcher mortgages, in which tens of thousands of customers can benefit by about €1,000 in the first 12 months if they switch. It believes one in five should switch, both between banks and within a bank. By 1 January, banks will have to put in a suite of measures to inform their customers of better options. What is AIB's intention in this regard? Will it come in on 1 January or does it intend to introduce it at an earlier stage? Can the bank indicate whether it has done any analysis of the potential for its customers to switch internally? How many would benefit from a lower rate within AIB? How will the bank approach the recommendation from the Central Bank that individuals be informed of better options in a bank, including in the area of loan-to-value ratios? Can the bank write to a customer, who has a loan of €180,000 which has been brought down to €90,000, and suggest they get a valuation with a view to getting a lower interest rate?