Former PTSB banker becomes first individual to face inquiry over tracker mortgage scandal

The financial regulator’s inquiry into Mr Guinane’s actions during the tracker mortgage scandal will begin at 10:30 am on February 21 and is expected to last until Mid-March.

The Central Bank has previously fined PTSB €21m for bank’s decision to apply, or continue to apply, an interest rate for tracker mortgage customers, who were coming off a temporary fixed rate, that was less favourable.

Former PTSB banker David Guinane may become the first individual sanctioned for his suspected involvement in the tracker mortgage scandal, following new laws that have given the Central Bank ramped up enforcement powers.

The financial regulator’s inquiry into Mr Guinane’s actions during the tracker mortgage scandal will begin at 10:30 on February 21 and is expected to last until Mid-March.