Wednesday 15 August 2018

Charlie Weston: How rogue lenders are finally being brought to heel

Derville Rowland Director General of Financial Conduct Central Bank. Photo: Gareth Chaney Collins
Derville Rowland Director General of Financial Conduct Central Bank. Photo: Gareth Chaney Collins
Charlie Weston

Charlie Weston

Some tough talking has been going on behind the scenes between banks and their regulators of late.

The banks have had to get used to the fact that all of a sudden the game has changed. The Central Bank has hardened its stance on the tracker issue.

Following sustained criticism of what was perceived as a softly, softly approach, which led to dressing-downs for Central Bankers from TDs and senators on the Oireachtas Finance Committee, a new steely approach has been taken.

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