Dáil Éireann Debate, Tuesday - 2 November 2021
285. Deputy Colm Burke asked the Minister for Finance if Central Bank enforcement notices will continue to be produced and published in respect of investigations completed on domestic banking firms, particularly banks (details supplied); the proposed schedule for these publications; and if he will make a statement on the matter. [53010/21]
Amharc ar fhreagraWith regards to the Deputy's question, officials from my Department contacted the Central Bank of Ireland and received the following response:
The Central Bank’s enforcement investigations and actions build on the Tracker Mortgage Examination, the largest and most complex consumer protection review the Central Bank has ever undertaken, and further demonstrate our commitment to our consumer protection mandate.
In accordance with the Central Bank’s principles of working with integrity and transparency, public statements are issued at the conclusion of enforcement actions. These statement also serve to inform and advise the financial sector and consumers of expected standards and behaviours.
To date, we have published statements in respect of the three concluded tracker enforcement actions into PTSB, KBC and Ulster Bank, which are available on the Central Bank of Ireland website.
The investigations into Bank of Ireland and AIB are ongoing and the Central Bank cannot comment on specifics of any ongoing investigations. As the investigations were commenced at different times, they will conclude on different timelines.
