Written answers

Tuesday, 21 March 2017

Department of Finance

Central Bank of Ireland Investigations

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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176. To ask the Minister for Finance further to Parliamentary Questions Nos. 235, 243 and 244 of 28 February 2017, if he will confirm, in respect of each financial institution involved in the Central Bank's tracker examination, the identity of the independent third parties overseeing the internal review process within the institution; and if he will make a statement on the matter. [12807/17]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The Central Bank has advised me that under the framework of the Tracker Mortgage Examination lenders are required to appoint external independent third party assurers to oversee the Tracker Examination and to ensure that it is being carried out in line with the Central Bank s framework for the conduct of the Tracker Examination. However, the Central Bank has also advised that it is not in a position to comment on the third parties that individual lenders have appointed to oversee their review process within each institution due to confidentiality requirements under Central Bank legislation as this is lender specific supervisory information.

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