Tracker Mortgage Examination

Dáil Éireann Debate, Wednesday - 17 October 2018

Wednesday, 17 October 2018

Questions (81)

Mary Butler

Question:

81. Deputy Mary Butler asked the Minister for Finance when the Central Bank review of tracker mortgages will be completed in full; the specific outcome expected in respect of mortgage account holders of a company (details supplied); and if he will make a statement on the matter. [42644/18]

Written answers

Minister for Finance

As referenced at the Central Bank’s recent attendance at the Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach, it is the Central Bank's goal to produce a report on the Tracker Mortgage Examination by the end of the year. The Central Bank advises that work is ongoing to progress the Examination to its conclusion, and a date for publication of the report has yet to be determined.

Haven Mortgages Limited is part of the AIB Group and it is, therefore, within scope for the Tracker Mortgage Examination. However, the Central Bank has advised that it is not in a position to comment on its supervisory engagement with an individual firm.