Regulator to pursue former Permanent TSB executive in first individual tracker mortgage probe

📆 11/10/2021 3:26 PM
📰 thejournal_ie

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It's the first such inquiry into an individual or a company related to the debacle and follows on from the regulator's examination of Permanent TSB's treatment of tracker mortgage customers from 2004 to 2018.

Image: Sam Boal Image: Sam Boal THE CENTRAL BANK of Ireland has launched a full inquiry into a former Permanent TSB executive over suspected breaches of consumer protection laws in relation to the tracker mortgage scandal.

The regulator did not refer that matter to a full inquiry because PTSB admitted to 42 separate regulatory breaches and accepted the Central Bank’s sanctions. UK barrister Peter Hinchcliffe will lead the inquiry and will determine whether it can proceed in public or private.

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Irish regulators rushing to investigate and use enforcement powers….

Going after a banker...how novel ?

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