Tuesday, 19 February 2013

Questions (297)

Mattie McGrath

Question:

297. Deputy Mattie McGrath asked the Minister for Finance if he will provide a breakdown of fines imposed on each credit institution, including compensation awards, by the Financial Services Ombudsman in 2010, 2011 and 2012. [8987/13]

View answer

Written answers (Question to Finance)

Firstly, I must point out that the Financial Services Ombudsman is independent in the carrying out of his duties. I have no role in the day to day workings of the office. I have been advised by the Office of the Financial Services Ombudsman that the information requested by the Deputy is retained in confidence by the Office. However, the Financial Services Ombudsman has informed me that the Compensation awarded by the Ombudsman from 2010 to 2012 is as follows:

Year

Compensation

Total Finding issued

Upheld

Partly Upheld

Not Upheld

2012

348,461

897

108

156

633

2011

259,386

905

140

145

620

2010

618,921

643

154

36

453