‘Appalling’ bank culture as embedded as ever

The Central Bank needs to “have a big mirror to look into” surrounding its own role in the tracker mortgage scandal, as it compiles a report on the culture of banks later this year, writes Pádraig Hoare.

The Central Bank needs to “have a big mirror to look into” surrounding its own role in the tracker mortgage scandal, as it compiles a report on the culture of banks later this year, writes Pádraig Hoare.

Governor Philip Lane, head of enforcement Derville Rowland, deputy governor Ed Sibley, and head of consumer protection Helena Mitchell were appearing before the Oireachtas finance committee to update TDs and senators about the tracker mortgage investigation, when its own role in the scandal was scrutinised.