Oireachtas Joint and Select Committees

Tuesday, 26 September 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland (Resumed): Allied Irish Banks

4:00 pm

Mr. Bernard Byrne:

The others have always been on a tracker rate, so there is no issue regarding putting them back on a tracker or that they lost their tracker, but for any number of administrative reasons we got it wrong. This could have been over a weekend or that the rate did not move at the right point in time. These are being fixed, but they were never a tracker issue. It is that they have been caught by the same programme.