Oireachtas Joint and Select Committees
Tuesday, 15 December 2020
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Issues in Ireland: Central Bank
Pearse Doherty (Donegal, Sinn Fein)
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I am quite alarmed by what I hear from the Central Bank. Ms McEvoy spoke of an informed view and I am sure it was, but does she acknowledge it was the wrong view and that the bank came up with the wrong conclusion? She referred to different criteria the Financial Services and Pensions Ombudsman can take into account but at the core of this was the question of whether these individuals should have been offered a tracker mortgage. The Financial Services and Pensions Ombudsman ruled they were entitled to a tracker mortgage. The Central Bank, in the examination which went on for years, came to a different conclusion.