Thursday, 11 July 2019
Department of Finance
Central Bank of Ireland Investigations
I am advised by the Central Bank that it does not publish details of ongoing enforcement investigations.
However, as part of the Tracker Mortgage Examination (), the Bank confirmed that in parallel with its supervisory work, enforcement proceedings commenced against six lenders: permanent tsb plc; Ulster Bank Ireland DAC; Bank of Ireland Group (The Governor and Company of Bank of Ireland and the Bank of Ireland Mortgage Bank trading as Bank of Ireland Mortgages); KBC Bank Ireland plc; Allied Irish Banks, plc; and EBS DAC.
On 30 May 2019, the Central Bank fined permanent tsb plc €21,000,000 in respect of serious failings to 2,007 tracker mortgage customer accounts. This marked the completion of the first in a series of ongoing industry investigations arising from the the Tracker Mortgage Examination.
In addition, the Central Bank publishes all settlement agreements under the Administration Sanctions Procedures on its website, these details are available at the following link: