Brendan Burgess
Founder
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The spokesman also confirmed that this matter is subject to an ongoing enforcement investigation by the Central Bank and that the bank is engaging on this matter.
If the CB investigated this and found that there was no systems error and that it was deliberate, then it would be a very serious issue.
The problem with enforcement actions is they are administrative justice not in public so we are all not going to learn everything in detail.
This is pure speculation on my part.
Many of those who broke out of fixed rate mortgages did so because there was no breakage fee. ptsb has said that this was due to a systems error. The FSO said that this was "disingenuous" although the High Court said that the FSO did not have the evidence to say it was disingenuous.
If the CB investigated this and found that there was no systems error and that it was deliberate, then it would be a very serious issue.
Brendan
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