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

Goldman Sachs changes track and confirms part-time DJ as chief executive

Company behind lab-grown beefburger funded to sell to restaurants

KBC reduces fixed mortgage rates by up to 0.55%

CityJet and Air Nostrum to form largest pan European regional airline group


Today's Stories

Good food to boost Irish tourism

Slowing house price growth still means huge shortages

Tax authorities on a football winning streak

Lifestyle

New father’s life ‘changed forever’ after he was run over by surgeon

More From The Irish Examiner