The Central Bank of Ireland (CBI) is not to be asked by itself why it has taken 'five or six months' to get around to deciding that it wont quiz Bank of Ireland, AIB and PTSB over how they can instantly change mortgage rates in line with ECB rate increases while not at the same time increase savings rates.
The non-quizzing by the CBI comes after months of delay and dither from the grey-suited regulators - about why they have taken so long not to summon the heads of BoI, AIB and PTSB.
One banking analyst revealed "whereas the banks have a tortoise and hare approach to savings and mortgage rates, their pals in CBI appear to employ a tortoise and snail approach to bank regulation".
The CBI also refused to be critical of itself in the bothched sell off of NPL. Apparently all the other banks in Europe have been criticised by the ECB in their tardiness in selling off NPL but the CBI was seen as teachers pet with its persuasive techniques in that Ireland's banks achieve high rate of disposal of NPL. But has no power on deposit rates.
The non-quizzing by the CBI comes after months of delay and dither from the grey-suited regulators - about why they have taken so long not to summon the heads of BoI, AIB and PTSB.
One banking analyst revealed "whereas the banks have a tortoise and hare approach to savings and mortgage rates, their pals in CBI appear to employ a tortoise and snail approach to bank regulation".
The CBI also refused to be critical of itself in the bothched sell off of NPL. Apparently all the other banks in Europe have been criticised by the ECB in their tardiness in selling off NPL but the CBI was seen as teachers pet with its persuasive techniques in that Ireland's banks achieve high rate of disposal of NPL. But has no power on deposit rates.
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