Pearse Doherty (Donegal, Sinn Fein)
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Mr. Kissane said he did not believe the treatment of the Governor of the Central Bank, Philip Lane, by this committee was appropriate. However, he asked the committee to have trust in the Central Bank. Why should the public have trust in the Central Bank, given that Mr. Kissane has been raising this since 2009 and nobody listened? The Central Bank is the agency of the State that the Houses of the Oireachtas charges to protect the consumer. It is not Mr. Padraic Kissane or the Irish Mortgage Holders Organisation. When it was flagged by people like Mr. Padraic Kissane, the Central Bank did not listen until 2015. Up to 15,000 customers have been robbed by the banks. Two years ago, 80,000 customers had to have nearly €70 million restored to them through the scandal of payment protection insurance. Given its track record and the fact the Central Bank has not set down a deadline for the banks to restore affected customers to tracker mortgages, why should we pledge blind faith in the Central Bank?