European Central Bank's Mario Draghi to appear before Oireachtas committee

European Central Bank (ECB) president Mario Draghi has agreed to come to Ireland and appear before an Oireachtas committee to discuss the banking sector and oversight of institutions.

The tracker mortgage controversy will also be raised with Mr Draghi when he appears before TDs and senators, following public outrage over borrowers being ripped off by lenders.

Finance committee chairman John McGuinness confirmed that final arrangements are being made for the ECB chief to come to Dublin. The visit has also been coordinated through interventions by Fine Gael MEP Brian Hayes in Brussels. Mr McGuinness said: “Mario Draghi has agreed to come. It will be an opportunity to speak about future engagement with member states and the ECB’s oversight role. But we will ask him about the tracker mortgage issue.”