Dáil Éireann Debate, Tuesday - 24 July 2018
258. Deputy Michael McGrath asked the Minister for Finance the details of enforcement investigations being undertaken by the Central Bank in tabular form; and if he will make a statement on the matter. [33866/18]
Amharc ar fhreagraThe Central Bank cannot publish details of ongoing enforcement investigations.
However, as part of the Tracker Mortgage Examination it has confirmed that in parallel with its supervisory work, enforcement proceedings have 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. Further information is available on the Central Bank website: https://www.centralbank.ie/consumer-hub/tracker-mortgage-examination
In addition, the Central Bank publishes all settlement agreements under the Administration Sanctions Procedures on its website:
https://www.centralbank.ie/news-media/legal-notices/settlement-agreements
Since obtaining Administrative Sanctions powers, the Central Bank has entered into 120 settlements with regulated firms, imposing fines of €62,376,525.
