Alice-Mary Higgins (Independent) | Oireachtas source

It would be useful if the AIB officials could come back in writing to clarify in respect of the original charging of the compound or simple interest. I believe it is relevant. Again, this is not a matter of compliance with the FSPO. The fact of compliance with the FSPO is because of wrongful actions taken by the bank. The concern is in terms of not simply being compliant or in respect of what the bank is required to do but being seen to seek to full redress. The write-down is minimal given that during the period in which these people were being wrongfully charged interest, there were significant financial implications and impacts on people. It is not simply a matter of changing the balance sheet. The impact of the tracker mortgage scandal was very much felt in terms of people's lives and the options they had over the period. In that context I respectfully suggest that the 12% write-down is one thing but that the compound interest question is another. It is a question that I would like an answer to in writing.