Dáil debates

Wednesday, 16 May 2018

Other Questions

Tracker Mortgage Examination

11:35 am

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

I will answer the Deputy's question, but I wish to return to two other matters related to staff loans included in the Deputy's original question. The Central Bank has made it clear to lenders that their staff, who have impacted mortgage accounts, are to be included in the examination in the same way as all other impacted customers.

The Central Bank has now indicated that it is satisfied that all impacted customers have been identified at this point. In overall terms, however, while the bank is currently of the view that the majority of affected customers have now been identified, it nevertheless expects that there will be some further increase in the number of impacted accounts before the conclusion of the examination. This is an ongoing matter. I do not expect the number of accounts to move up in the way it has in the past where it moved up by such a quantum, but it is entirely possible it could move up again.

On transparency, I have also had a lot of contact on the matter from constituents and citizens and the general view I have received is individuals have understood where they stand on the process. If the Deputyhas specific examples of where he believes that is not the case, he might share those with me and with the bank director.

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