Central Bank Governor holds his bark and bite for now on tracker mortgage scandal

While politicians of all stripes line up to criticise the banks, Philip Lane, the Central Bank governor, has been reserved. So far, it seems to be working, writes Michael Clifford.

PHILIP Lane hasn’t barked in recent days. He hasn’t shown any teeth. He hasn’t read the riot act to the banks for the benefit of the public.

He has not, as might be expected of the bank watchdog, made any real effort to demonstrate that he is gunning for deceitful bankers who have had a devastating impact on the lives of thousands of customers.