Important word is "Oversee" - basically a third party is checking hat the bank is doing it as per the CB instructions, so they just review the work rather than do the work.Just read the following on the central bank website with reference to the tracker review.
"Lenders have appointed external independent third party assurers to oversee this work and to ensure that the review is being carried out in line with the Central Bank’s requirements".
It is my understanding that Bank of Ireland are using staff to carry out this review, or would anyone else have more information?
300 figure comes from the first paragraph
This was an article agreed with the chief executive
Did you even read the link
The journalist didn't print anything they didn't want printed on this occasion.
Effectively planning to spend 150 million on tracker issues
By the way there might be 3000 entitled in aib but they would have to review maybe 10,000
Maybe they will review every single mortgage issued since say 2003.
Bank of Ireland are looking for a further 150 staff to work on the tracker review, with 50 already working on it.
Staff memo, no link.
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