Written answers

Thursday, 23 November 2017

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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83. To ask the Minister for Finance if legal proceedings have been taken place against the borrowers involved in the apparent miscalculation of mortgage arrears; if the borrowers have lost homes; and if he will make a statement on the matter. [49841/17]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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The Central Bank has informed me that it has been considering this issue but is not in a position to release supervisory information regarding any institution.

Due to statutory confidentiality requirements, the Central Bank may not publicly disclose much of its supervisory engagement with individual firms. In particular, the Central Bank can, generally speaking, only disclose such information in summary or aggregate form so that individual firms cannot be identified.

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