Kieran O'Donnell (Fine Gael)
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When will lenders be told that they must write to people to inform them that they should have been on a tracker rate and of the level of redress and compensation? Many people approach us with issues concerning trackers. One feature that stands out is the differential between the fixed rate and the variable rate and, more particularly, the significant differential between the fixed rate and the tracker rate.

It is quite significant. I know of cases in which people did not even remember signing documentation to switch to a fixed rate. The fixed rate could have been 4% or 4.9% and the tracker rate, 0.81%. The differentials are extraordinary and make an enormous difference. I know of a case in which a family bought a house and over ten years were switched to and from a fixed rate mortgage about three or four times. They would have had to sign various documents, but they have no recollection of signing them. May we have some indication as to when the banks will have to come back. Is the kind of thing featured in the example I have given on the Central Bank's radar?