Central Bank starts inquiry into PTSB executive over tracker mortgage scandal

Move marks first inquiry into an individual after PTSB was fined €21m in 2019

10th November, 2021
Central Bank starts inquiry into PTSB executive over tracker mortgage scandal
If the individual is found to have committed a breach they could face a penalty of up to €1 million. Picture: RollingNews.ie

The Central Bank has moved to establish an inquiry into a former executive at Permanent TSB over suspected breaches relating to the tracker mortgage scandal.

The executive, who has not been named, will be the first person pursued by the regulator during its investigation into the scandal, which in 2019 resulted in a €21 million fine for the bank.

If the inquiry finds them to have committed a breach, the executive could be fined up to...

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