Brendan Burgess
Founder
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Enforcement
The Central Bank concluded an enforcement investigation in respect of tracker mortgage related
failures identified at Springboard Mortgages Limited on 24 November 2016 and imposed a monetary penalty of €4.5million on the firm in respect of those failures.
The Central Bank is currently pursuing enforcement investigations in relation to tracker
mortgage-related issues arising in permanent tsb plc and Ulster Bank Ireland DAC.
Two further enforcement investigations into other lenders are in train, and it is anticipated that more enforcement investigations will follow. Enforcement investigations are informed by evidence obtained and gathered as part of the Examination. Enforcement investigations are detailed and forensic and inv olve the scrutiny of large volumes of documentation and interviews with relevant individuals.
The Central Bank concluded an enforcement investigation in respect of tracker mortgage related
failures identified at Springboard Mortgages Limited on 24 November 2016 and imposed a monetary penalty of €4.5million on the firm in respect of those failures.
The Central Bank is currently pursuing enforcement investigations in relation to tracker
mortgage-related issues arising in permanent tsb plc and Ulster Bank Ireland DAC.
Two further enforcement investigations into other lenders are in train, and it is anticipated that more enforcement investigations will follow. Enforcement investigations are informed by evidence obtained and gathered as part of the Examination. Enforcement investigations are detailed and forensic and inv olve the scrutiny of large volumes of documentation and interviews with relevant individuals.