Dáil Éireann Debate, Thursday - 16 June 2016
91. Deputy Michael McGrath asked the Minister for Finance the number of staff that Allied Irish Banks employs directly or under contract who are solely or primarily working on resolving issues relating to the Central Bank investigation of its handling of tracker mortgages; and if he will make a statement on the matter. [16499/16]
Amharc ar fhreagraTowards the end of last year the Central Bank initiated a review of tracker mortgage related issues across the industry. This review is ongoing and the Central Bank expects significant progress to be made by all lenders before the end of the year. AIB had initiated its own internal review a few months before the CBI announcement. This is a significant undertaking and AIB are treating this review as a top priority. Currently, c. 200 people at various levels and from across the Group have been mobilised and assigned to the programme. In addition c. 150 external contractors are providing supplemental project support and third party assurance as required by the Central Bank of Ireland.
