Ms Derville Rowland:

As the Deputy will be aware, we have a number of open enforcement investigations in respect of the tracker mortgage issue. One of these relates to PTSB and the other is an open investigation into Ulster Bank. As the examination proceeds and we get scrutiny of the information on customers' identified approach to redress and other information, we will consider opening further enforcement investigations.

In the context of our work, we conduct a forensic detailed examination of data records to get right down to the heart of the matter - the rule breaches, how it happened, why it happened. It can involve 20,000 to 30,000 documents and we supplement it with interviews. In that context, we always will consider taking cases against senior responsible individuals who participate in any breaches where there is evidence of that. It is a complex regulatory framework. Our responsibility is primarily to bring administrative sanctions cases forward or to look at the fitness and probity context. That is within the remit of the Central Bank.

In addition, we have statutory obligations to make criminal reports to other relevant agencies. An Garda Síochána, for example, is one of those. In this context, no reports have been made to date. That is an evidence based procedure. However, I met the Garda to discuss trackers and I have opened a dialogue with it. We discussed this in general terms. As our investigations proceed and progress, we will keep that under constant review and we will make those reports where the issue arises. We have regular engagement with the Garda.