In my opinion, as a general appraisal in relation to this whole debacle, the Central Bank has and continues to be useless,
I specifically said as a general appraisal by which I meant not universally bad - of course, they have helped to a point.
If you want to discuss the general so...
I would say that the courts would award return of trackers in about 10% of cases, if borrowers had gone to the courts.
The CB has done a great job. They have reopened the Financial Services Ombudsman's cases.
They were slow to get going. They are playing a stormer now - in general and in the specific.
Brendan
Do you accept that the Board of the Central Bank has been critical of the bank's performance?
Do you accept that the Finance Committee has been critical of the bank's performance?
These are their exact words, so do judge for yourself
In the discussion that followed, members noted the level of resources devoted to the
Examination had increased only in very recent times, and emphasised the importance now to
fully identify the extent of the issue and ensure it was addressed in as thorough and timely a
fashion as possible. Notwithstanding this,.....
Brendan - you may get a sense of urgency here but I certainly don't.
They were slow to get going. They are playing a stormer now - in general and in the specific.
The Finance Committee has done excellent work - better that you acknowledge this
Their attacks on the Central Bank were particularly unfair.
Hi elacs
I raised the 3.69% issue with AIB on a number of occasions. They were very clear. Customers did not lose out as even if they had been offered a tracker, it would have been far higher than the SVR. I asked them if they were going to write to their customers telling them this and they said that there was no point in doing so.
The Central Bank has forced a change in mind. They got AIB to write to 4,000 customers. Each one has now received €1,615. They can now use the Appeals Process and they can to the FSO. And if enough of them pool their €1,615, they can go to the High Court.
So as with the Tracker issue in general, the Central Bank has actually achieved a huge amount which would not have been achieved by individuals acting on their own.
Brendan
Look at the particular AIB mortgage clause again with fresh eyes;
Do you feel so that a group of us going together to the High Court to challenge AIB on this " prevailing tracker rate " issue would have a poor chance of success ??
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?