Those two banks (we all know who they are )to come back to CB by the end of the month
"change of mind (by the banks) is the best procedure
Change your mind or move on (so those customers in these banks that are impacted are being forced to go to the Ombudsman/court)
we are going to press hard on that, as short a time frame as possible"
Two institutions suggested as BOI and KBC. Lane will not confirm they are the two being discussed.
The CB has the power to bring a legal case but confirm its a lengthy process they are asking the bank to write to each individual those the banks claim are not impacted it is therefore up to the customers to go the Ombudsman or court (so in other words CB doing nothing even though they are aware all these people are impacted)
That is not a fair process for those thousands of people involved with these two banks deemed impacted by the Central Bank.
I was under the impression the CENTRAL BANK that had the FINAL SAY here not these two banks!
Then she goes on she realizes the difficulty of going to court and mentions a supreme court decision previous (enforcement case).
Mr. McGuinness doesn't have faith in that bank (KBC) that blanked brazenly the Irish Parliament in the Oireactas recently !
Im afraid the CB have failed the customers of these two banks.
Mr. Lane mentions "many customers' will receive redress and compensation, but it is clear he has no intention of doing anything about those customers that the CB deem impacted by these two banks (BOI and KBC).
The Cb has told them just to "relook' before the end of the month maybe they will change their mind.
lunch time now, feel like I've just wasted my morning watching this, yes its drawing it all out, yes they are "dealing" with the issues, me, I'm an affected customer, I'm still none the wiser on my case. My bank balance is the miserable same as it was this morning.
My issue is the prevailing rate, and while they admitted it is in the scope of the investigation, its most likely to be a FSO and Courts matter, none of which I have the strength or endurance for anymore, the central bank are still failing ..........