Dáil Éireann Debate, Thursday - 6 April 2017
107. Deputy Pearse Doherty asked the Minister for Finance if any lender has refused requests or to engage with the process with regard to the Central Bank's investigation into the tracker mortgage issue citing the Statute of Limitations; if so, the lenders involved and the response given by the Central Bank; and if he will make a statement on the matter. [17201/17]
Amharc ar fhreagraI have been advised by the Central Bank that, as set out in the framework for conducting the Examination, the Statute of Limitations does not apply to the Central Bank's powers to enforce compliance with regulatory requirements including those relevant to the Tracker Examination and it does not negate lenders' obligations to comply with the relevant regulatory requirements set out by the Central Bank.
Furthermore, the Central Bank also advises that one of the key elements of the Central Bank's expectations in respect of redress and compensation for impacted customers is that lenders will undertake not to raise any time limit defences that may otherwise apply if impacted customers make complaints to the Financial Services Ombudsman or initiate proceedings before the courts.
However, the Central Bank is not in a position to comment on individual lenders due to confidentiality requirements under Central Bank legislation, as such information is lender specific supervisory information.
