Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

With regard to the update, I was hoping we might have some more concrete figures. As we know and as Deputy Michael McGrath has alluded to, since the announcement there have been 6,000 additional victims of the tracker mortgage scandal in Bank of Ireland. There is no certainty, however, and there are no targets for when all 6,000 individuals will be compensated and have redress. People are still not clear on the deadline. They are very unhappy with the deadline set for Ulster Bank, for example. It can be extended for the next seven months.

Also arising are the issues of adequate compensation and people being put back on the adequate rate. The Minister will be aware that the Dáil passed a motion stipulating that the banks publish a weekly update on their position, detailing all customers affected and the number who have had redress and who received compensation. The Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach was to be updated but that has not happened. Will the Minister ask the banks to adhere to the will of this Parliament, which is that the committee be given a weekly update, as we all agreed in a motion passed unanimously a number of weeks ago?

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