Paschal Donohoe (Dublin Central, Fine Gael)
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The fine of €96.7 million is the largest fine imposed by the Central Bank with regard to the tracker mortgage issue. The scale of the fine shows how seriously the matter was taken by the regulator. It shows the scale of harm and difficulty caused to many tracker mortgage holders. I recognise the role of the committee in continuing to give this matter the prominence it deserves. The fine and the work the Central Bank has done show the importance of a strong regulator and its willingness to sanction behaviour it believes to be unacceptable.

The Chair knows I cannot comment on the EBS issue and I should not do so because it is subject to legal proceedings. What I will do, which is what I do every time the Chair raises the issue with me, is to pass on the fact he has raised the matter with me in the Oireachtas to AIB and make sure it is aware of his concerns on the matter. I am afraid I have to limit myself in what I can say as it is a matter of legal engagement.