Oireachtas Joint and Select Committees

Tuesday, 30 January 2018

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

Tracker Mortgages: Bank of Ireland

7:10 pm

Ms Francesca McDonagh:

The remaining cases are some of the more complex ones and the average compensation and redress for those cases may increase. Taking a flat-line run rate to get to a projected cost may not be representative of what we expect to happen over the coming weeks between now and 31 March. Up to now, we have made a provision and we expect our projection of the cost of the compensation and redress to be within that provision.