Oireachtas Joint and Select Committees

Tuesday, 16 January 2018

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

Tracker Mortgages: Discussion

2:00 pm

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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The legislation on that matter is handled by the Minister for Justice and Equality, not me. I cannot give the Deputy an answer to that question now because up to this point it has not been an area of policy responsibility for me. My current view is that the legal framework is in place to deal with this matter. The test of that will be the work done by the Central Bank. I have indicated how strongly I feel about this matter to the Deputy. It deserved, and I wanted to give it, the focus it had last year in recognition of all the suffering it has caused. However, for me to go any further than that risks undermining an investigation that is being carried out by an institution for which I have responsibility. The way this issue has been handled falls way short of all the standards that I expect to be implemented in our economy by our banks.