Professor Philip Lane:

Of cases identified where people were on the wrong rate, 90% have been rectified in terms of their being put onto the correct rate. Not all cases have been identified yet. Banks are calculating offers but nothing goes out. When the Central Bank looks at it there may be revisions to those offers but in an upwards-only direction. No one will receive less than their original offer. There is also the appeals mechanism. We are in an intense phase, as Mr. Sheridan said. However, month by month, more will be concluded.