Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

In recent weeks I met the Governor of the Central Bank again on this and other matters. I also met the Financial Services Ombudsman, whose organisation will play a very important role in the aftermath of more citizens receiving compensation and redress from the banks.

As to whether I expect the numbers to grow, the answer is "Yes, I do". That is why I was clear that a crucial piece of work which needs to be done before Christmas is to find out conclusively who has been affected.

As concerned as I am about those who have been affected, I have always been very clear that I want to know whether there are other customers of these banks who may have been affected but who do not know, and also customers who believe they are affected but who are in dispute with the banks in this regard. I expect that matter to be resolved by the middle of December.

Compensation levels are a matter for the Central Bank and the Financial Services Ombudsman. They have been challenging the banks on what has been offered. At the end of what has been a protracted and unacceptable affair within Irish banking, on top of all the other issues we have had to deal with, people have to be treated very fairly and they have to understand why they are treated that way.

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