Banking culture board to assess tracker lessons following investigations


The Irish Banking Culture Board (IBCB), set up three years ago in the wake of the tracker mortgage scandal, plans to assess where banks have learned “real and lasting lessons” from the industry’s biggest overcharging scandal after regulators complete enforcement investigations.

Padraic Kissane, a Dublin-based financial adviser who has run a long campaign on redress for borrowers affected by the industry-wide tracker scandal, says 300-400 borrowers may be affected by any precedent set by the outcome of the challenges.

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