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Accountability must follow Central Bank Tracker examination - Pearse Doherty TD

4 February, 2019 - by Pearse Doherty TD

Sinn Féin Finance Spokesperson Pearse Doherty TD has welcomed the latest update on the tracker examination from the Central Bank.

The Donegal TD said accountability must be the next step as the Central Bank’s examination enters its final phase.

Deputy Doherty said:

“I welcome the latest update from the Central Bank which shows an extra 1,400 cases have been added since the last update to the Oireachtas.

"There are now 39,800 impacted accounts, and for me that means there are 39,800 reasons why those responsible in the lenders must be held accountable.

"I am aware too that there are many people dissatisfied with the appeals process at some lenders. As I have always said, the final few cases may have to be decided by the Financial Services and Pension Ombudsman, if not the Courts.

"I welcome the report’s indication that having sat on the bench while the examination was progressing, the Ombudsman has now started processing appeals to his office.

"For many victims, the decision to freeze the Ombudsman process has only resulted in an unnecessary delay.

"While more tools are needed by the Central Bank to truly act as a deterrent to reckless behaviour, the powers already at their disposal must be exercised in full to hold those responsible for this scandal, which has now cost €647m and counting, to account."

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