How did AIB decide on a tracker rate higher than the SVR?Questions for the Central Bank which those affected want to know
When the lenders identify cohorts which were not affected - did you approve those decisions? (For example AIB has a lot of customers who were entitled to trackers at the then prevailing rate when their fixed rates expired. AIB did not offer them rates. But now argue that if they had offered them trackers, they would have been at a rate higher than the SVR, so they were not affected.)
Does the CB Accept that reasoning.
I don't understand you using the word 'retrospectively' ? Does that mean they deliberately plucked a rate in the present to say this is the rate which would have applied at the time?
Is that rate similar to prevailing rates in Bank of I and PTSB.