Dáil debates

Thursday, 22 November 2018

Ceisteanna Eile - Other Questions

Tracker Mortgage Examination

11:30 am

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

I do not know how Deputy Doherty can credibly put forward the allegation that I am looking to move beyond this when I have been crystal clear at all points that I believe the behaviour that caused this issue and the way in which it was dealt with recently were unacceptable. I have been very firm and clear in my support of the Central Bank and the work it is doing. Some €580 million has been returned to citizens. This was their money in the first place.

The Deputy will be aware that I made changes regarding the sanctions available in this area, including increasing to €500,000 the level of compensation the Financial Services and Pensions Ombudsman may award. How the Deputy can deduce from my public statements on this matter, my engagement with the banks and the support that I have offered the Central Bank that I want to move beyond this issue is not clear to me. I reiterate that if he wishes to share the information he has on the case of his constituent with the Central Bank, it has indicated it will examine the matter. Has the family in question had an opportunity to take this matter to the Ombudsman?

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