Central Bank wants bankers to be held accountable over tracker mortgage issue

All of the main banks are expected to be subject to Central Bank enforcement investigations, according to Deputy Governor of the Central Bank Ed Sibley.

An industry-wide examination is currently underway into the overcharging of tracker mortgage borrowers.

Ed Sibley

About 100 homeowners and investors across a number of banks lost properties in the scandal.

Thousands are due to receive compensation by the end of this year with the rest to follow as soon as possible.

Mr Sibley strongly criticised the banks and stated that they would not only be investigating the banks but the actions of senior personnel, management and board members in the banks.

He was speaking at the "Leadership and Culture Change in Financial Services" conference in Dublin this morning.


More in this Section

Uber to launch ’industry first’ cap on drivers’ hours

ICTU report highlighting rising executive pay prompts warning on widening pay gap

Ireland is getting its first ferry route to Spain

Dublin Port records another record year


Today's Stories

British farmers at risk of ploughing lonely furrow

More currency volatility seems to be on horizon

Reform of local property tax flaws is overdue

Correlation between studying economics and greed

Lifestyle

Hopefully she had an idea...

Power of the press: Meryl Streep and Tom Hanks discuss 'The Post'

What to expect from Call The Midwife

More From The Irish Examiner