Central Bank reports suspected criminal activity over tracker mortgages

Derville Rowland, the Central Bank's director general for financial conduct.

The Central Bank reported suspected criminal activity to An Garda Síochána arising from its investigation into the tracker mortgage scandal, its director-general of financial conduct has revealed.

Derville Rowland at the Central Bank told the Oireachtas Finance Committee that the regulator has by law obligations to report suspected criminal offences to An Garda Síochána and other agencies where it has “suspicions of criminal offences”. Answering questions by Fianna Fáil TD Jim O’Callaghan and Sinn Féin finance spokesperson Pearse Doherty, Ms Rowland said the Central Bank had made reports to the Garda on suspected activity arising from its tracker mortgage investigation and had “liaised very closely” with Garda throughout the investigation.