Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Finally, may I touch on the tracker mortgage examination? I am sure Ms Howard is aware that Ulster Bank was pretty slow in getting up to speed and coming to grips with the tracker mortgage issue. It took a long time to identify the relevant accounts and pay out in redress and compensation. The message the bank is giving us in the questionnaire is that it is pretty much there, or very close to being there. I have a question on the overall numbers. The total paid to date for redress compensation and contributions towards advice is €120 million, give or take. The bank's overall provision is just under €300 million. Is the balance the operating cost of running the operation? Have the witnesses factored in a potential enforcement fine from the Central Bank in respect of the enforcement investigation that is under way?