Michael Healy-Rae (Kerry, Independent)
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164. To ask the Minister for Finance when he is next scheduled to meet with the banks regarding the tracker mortgage scandal; and the position regarding the matter in view of the fact a bank (details supplied) is still awaiting a decision. [2780/18]

Paschal Donohoe (Dublin Central, Fine Gael)
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Regarding the first part of the Deputy's question, at my recent attendance before the Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach I indicated that I intend to meet the chief executive officers of the main banks on a regular basis and that I will be aiming to have my next meeting with them in the coming months.  However, no date has yet been scheduled for these meetings.  

In relation to the second aspect of the question, I understand the Deputy is seeking information on when customers of the specified bank can expect to be informed of the outcome of tracker examination.  In terms of the overall examination, the Central Bank has advised that it is of the view that the vast majority of impacted customers have now been identified. However, the Bank has also advised that it will continue to review, challenge and verify the work undertaken by the lenders to ensure that all affected customers are identified and that any emerging issues are addressed.  The Central Bank has pointed out that the examination framework requires lenders to contact impacted customers when they are identified and to immediately stop the imposition of further harm.  In terms of the payment of appropriate redress and compensation, the Central Bank has indicated that every bank is dead lined to the maximum of their ability to deliver such payments.  Unfortunately it will take some banks, such as the one referred to by the Deputy, somewhat longer than some other banks to conclude this process but I have made it clear that I want every affected mortgage borrower to be paid the appropriate redress and compensation as soon as possible.  The Central Bank is also very conscious of this and it has indicated that all impacted borrowers who have so far been identified will be repaid and compensated by the end of June.