Oireachtas Joint and Select Committees

Tuesday, 9 April 2019

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

Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

If somebody within the bank is identified as personally culpable in the tracker mortgage scandal, the Central Bank can levy a fine of up to €1 million on that individual. Would that fine, after the Central Bank has deemed that person responsible and levied that fine on them individually, be paid by the bank through that insurance or would the individual have to carry it?

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