Oireachtas Joint and Select Committees

Wednesday, 9 October 2024

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

Engagement with the Central Bank of Ireland

1:30 pm

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

No, just as it could not instruct the surveyors who were going out to the banks to approve all these mortgages for assets that were worthless. That is fine.

I want to go on to the tied agent situation here and the fact of the EBS scandal still not being resolved. They were excluded or underserved by the compensation scheme. A small number of them believe they were forced to accept a solution which did not compensate them adequately for the damage that was caused to them. What role can the Central Bank play in that? Why has it not intervened in that situation? How can it encourage the banks, AIB in particular, to meet with those victims to get a resolution? What part can the Central Bank play in resolving it?

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