Former Permanent TSB banker faces inquiry over role in tracker mortgage scandal     

Probe comes as Oireachtas finance committee hears of plans for new Central Bank powers to sanction individual bank executives

The inquiry into the conduct of the Permanent TSB executive comes after PTSB itself was fined €21m in 2019 for its part in the tracker mortgage scandal. File picture: Sam Boal

An unnamed former banker at Permanent TSB faces an inquiry into their individual conduct involving the tracker mortgage scandal.

The Central Bank said that it had “reasonable grounds to suspect” that a former manager had broken procedures. A Central Bank spokesman refused to identify the individual.