Oireachtas Joint and Select Committees
Tuesday, 21 February 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland: Discussion (Resumed)
4:00 pm
Mr. Padraic Kissane:
They are. The banks have used the interest-only aspect as an opportunity to take people off tracker mortgages. I challenged it at the time with the Central Bank. I wrote in the report that any replies from the banks have one intention, namely, to get everybody off tracker mortgages. They were allowed do it.