SBP editorial: Tracker mortgage crisis must result in prosecutions

29th October, 2017

Here is a question: why did it take the finance minister to call in the banks last week over the ongoing tracker scandal? Surely the governing and regulatory authority should have been the Central Bank? The fact that it fell upon the Department of Finance to enter the matter raises profound questions about the relationship between Ireland’s banks and its regulator.

The meetings between Paschal Donohoe and the bank bosses must have been...

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