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Future of Banking in Ireland: Statements (1 Jul 2021)

Mairead Farrell: ..., the Central Bank reported that more than 33,000 borrowers had been identified as having been affected by the scandal with €683 million paid in redress and compensation by the end of May 2019. As the Central Bank noted, since the examination began in 2015, some lenders initially attempted to minimise the number of affected customers to whom they would have to pay redress and...

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