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.