I think the reality is, based also on what I was told by KBC helpline, is that this could stretch into 2018. This scandal has consumed our thoughts and worry, for way too long, but try not let your anxiety & another missed deadline get in the way of a good Christmas.
I guess I feel fortunate, in that I honestly gave up all hope following the failure of my appeal to the FSO back in 2010. Sure you hear about successful tracker appeals in the wider market, but it's the hope that kills you, and you assume this to be a different cohort or different bank, who perhaps were less clearer in their outbound communications, & that made me oblivious really to the work that
@PadKiss & co were doing on our behalf, behind the scenes for many years now. Unlike many of you, I really only gathered to regain some hope from Oct 2017, but I appreciate this will have consumed you for way to long now, but try to celebrate the fact that a lot of good was put right in 2017, with banks having to report a loss on their mistakes, & more importantly, the financial fortune that may be coming your way in 2018. You can take a lot of hope, by what other banks have decided to do.
The work involved behind the scenes to put this right has to be appreciated though, i.e. the teams that have to get mobilised to match the priority, the sign-offs or internal approvals on calculations, the compliance & audits required, even on the smallest detail, such as outbound letters & comms, especially with the volumes involved. It's unfortunate that KBC were the last bank to get their act into gear regarding the redress process, but I think it was obvious for some time that KBC were going to try and fight the scope of eligible cases, and wait to see how other banks would react & what level of redress and compensation they would have to match, before booking an impairment.
If Santa doesn't deliver a letter to you, perhaps January won't be the most depressing month for some of you.