Oireachtas Joint and Select Committees
Thursday, 18 January 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Tracker Mortgages: Central Bank of Ireland
9:30 am
Michael McGrath (Cork South Central, Fianna Fail)
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I have two other issues. I refer to the overall cost in this regard. The Governor stated the combined provisions made by the lenders runs to €900 million, whereby some €600 million is the amount of money being paid in redress and compensation and the associated costs are running at €300 million. What costs has the Central Bank incurred to date in this examination?