Pearse Doherty (Donegal, Sinn Fein)
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322. To ask the Minister for Finance the number of persons affected by the tracker mortgage investigation at each of the banks involved in specifying the numbers identified as possible victims; the number of customers to date contacted each bank; the number that have had their case closed with redress and compensation paid at each bank; the timeframe in which all affected persons will have their case closed; and if he will make a statement on the matter. [28616/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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The Central Bank have advised that the information that the Deputy has requested is lender specific supervisory information and the Central Bank is not in a position to comment on individual lenders due to confidentiality requirements under Central bank legislation.

However, in the most recent update on the Examination published by the Central Bank on March 23, certain data in relation to the Examination was released. This included the following:

- approximately 9,900 accounts had been identified as impacted by lenders as part of the Examination as at end February 2017; and

- that lenders had commenced contacting impacted customers identified as at end February 2017 and rectified the interest rates on more than 90% of accounts requiring rectification.

The Central Bank also invoked its powers under Section 22 of the Central Bank (Supervision and Enforcement) Act 2013 to set specific timelines for lenders to complete Phase 2 of the Examination, the last of which will be completed by no later than end September 2017. By this date, the Central Bank expects all lenders to have identified all impacted accounts and have commenced engagement with most impacted customers. The Central Bank will be rigorously monitoring the completion of this work.

A further progress update on the Examination will be issued by the Central Bank in Autumn 2017.