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

The scale of the fine that has been imposed by the Central Bank on these two banks shows the strength of our regulatory system and how seriously the unacceptable behaviour in respect of tracker mortgages is being taken by the Central Bank and the State. The legislation Deputy Doherty is referring to has taken some time to draft. It required pre-legislative scrutiny as was correct, and required much work by the Attorney General and my Department. I will be bringing the final proposals to Cabinet next week and the legislation will be published before the summer recess.

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