Brendan Burgess
Founder
- Messages
- 52,118
Presumabky the central bank does have the authority to make banks pay up should the ombudsman side with the cohorts?
Decisions on EBS variable base cases are about to be made in coming weeks tooI can only repeat what was actually said.
Pearse at Oireachtas Finance Committee
Have you adjudicated on the prevailing rate issue yet. Either by mediation or by adjudication.
Ger Deering
Not yet. But we will be reaching decisions on these shortly.
And I was taking it down as they spoke. He did not name any lenders. So I have no idea whether it is some or all.
I know that at least one AIB case is at the adjudication stage.
I don't know the status of the others.
Thanks BrendanI can only repeat what was actually said.
Pearse at Oireachtas Finance Committee
Have you adjudicated on the prevailing rate issue yet. Either by mediation or by adjudication.
Ger Deering
Not yet. But we will be reaching decisions on these shortly.
And I was taking it down as they spoke. He did not name any lenders. So I have no idea whether it is some or all.
I know that at least one AIB case is at the adjudication stage.
I don't know the status of the others.
No, it does not have that authority.
It can encourage and it can threaten, but it can't legally force the banks to redress any customers.
Brendan
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