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

Deputy Pearse Doherty said that this matter is still unresolved and unconcluded. I agree with him, it is. Deputies have raised a number of issues with me, as I have dealt with this matter, on where we were with staff loans, where the Central Bank was with staff loans and where we were with the issue on the prevailing rate of interest. I have now updated the House on where that stands. On the information the Central Bank has shared with me on where individuals stand, I would expect that as the investigation moves into the final stage of its work, that all individuals will know where they stand at the end of it. That is not to say every individual will be satisfied. People may take further action and I acknowledge that could happen, but I believe the appeals process that has been put in place is comprehensive. I restate that if an individual has received payment, that payment is then his or her and it will not be affected by any future participation he or she has in the appeals process.

On the question about why this happened, that is a question that I expect the Central Bank will be able to answer in the inquiry report that will be at the end of this process. As I have said on a number of occasions, this should not have happened and it should not have taken this long to resolve. The Central Bank, despite views that have been articulated to it, has risen to the challenge in dealing with what was a very complex issue which has inflicted much loss on many of our citizens.

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