Oireachtas Joint and Select Committees

Tuesday, 26 March 2019

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

Central Bank of Ireland: Discussion

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

I know what Professor Lane is saying but I also know that after each of these meetings, the transcripts are forensically examined by people in the Central Bank and all of the other banks as to the direction in which we are going and what frames this. I ask that, as a matter of urgency - because it has not yet been done - the Central Bank does what it committed to do on 18 January to help us in our work. Central Bank representatives speak all of the time about their consumer protection role. It is a role we take very seriously. In this regard, is it true that AIB's independent redress panel is rejecting all cases relating to prevailing rates? People are objecting to the way in which their cases have been interpreted retrospectively.

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