Oireachtas Joint and Select Committees
Wednesday, 1 December 2021
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Withdrawal from Irish Banking Market: Engagement with KBC
Bernard Durkan (Kildare North, Fine Gael)
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Did KBC consult with the European Central Bank, ECB, when consideration was being given to the withdrawal of the tracker mortgage in this country? Was consideration given to the fact we operate in the Single Market and that whatever prevails in one country, prevails over all European member states and in the eurozone, in particular. From whence did KBC get the permission or authority to intervene and change the mortgage structure for those who had already been operating under the tracker mortgages?