Oireachtas Joint and Select Committees

Thursday, 4 October 2018

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

Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland

9:30 am

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

I wish to make a final point. The problem is that customers got ripped off in the context of tracker mortgages. They are watching this and saying that the banks, as far as they are concerned, have not changed and sanctions have yet to be imposed. There is a need for closure on this matter. For the people we deal with, those on tracker mortgages and small and medium-sized enterprises going over to the funds, this is an issue in respect of which they are entitled to closure. This matter has been ongoing for ten years. We are now celebrating the tenth anniversary of the bank guarantee. Those to whom I refer are entitled to closure.

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