Written answers

Tuesday, 19 February 2013

Department of Finance

Financial Services Ombudsman

Photo of Mattie McGrathMattie McGrath (Tipperary South, Independent)
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To ask the Minister for Finance if he will provide a breakdown of fines imposed on each credit institution, including compensation awards, by the Financial Services Ombudsman in 2010, 2011 and 2012. [8987/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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Firstly, I must point out that the Financial Services Ombudsman is independent in the carrying out of his duties. I have no role in the day to day workings of the office. I have been advised by the Office of the Financial Services Ombudsman that the information requested by the Deputy is retained in confidence by the Office. However, the Financial Services Ombudsman has informed me that the Compensation awarded by the Ombudsman from 2010 to 2012 is as follows:

YearCompensationTotal Finding issuedUpheldPartly UpheldNot Upheld
2012348,461897108156633
2011259,386905140145620
2010618,92164315436453

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