Oversight of financial institutions including the retail banks is outside the scope and remit of my Department and rests with my colleague the Minister for Finance.
I met with the BPFI on 2 February 2023. At the meeting, I stressed the need for a fair and consistent approach to be taken by the banking sector with customers dealing with the effects of defective concrete blocks on their houses.
Further meetings and communications at official level have taken place frequently since then. My Department continues to engage with the BPFI on specific issues raised by Defective Concrete Block (DCB) homeowners to see what can be done to address their concerns.
As part of these discussions the BPFI has confirmed to my Department that, from their perspective, once a home has been certified as remediated under the DCB Scheme it will be treated by them in a similar manner to all other properties.