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

My most recent figures indicate some 93% of verified affected customers have received offers of redress and compensation. I want to see the matter concluded quickly. The fact that some 93% of customers, that is, our citizens, have been offered redress and compensation is of little solace to me or them, given how long all of this has gone on. It is unacceptable that it happened in the first place.

From my engagement with the Central Bank, I know it is devoting considerable resources and effort to try to ensure this matter is brought to a conclusion. It indicated it has identified the vast majority of people who it believes were affected. I want to see this matter brought to a conclusion and I know the Central Bank feels the same. It is and was a breach of trust on top of everything else we went through between Irish banks and our society. It is one of the key reasons that, as I indicated and discussed at last month's priority questions, I want to introduce a new individual accountability regime for banks based in Ireland next year.

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