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gov.ie - Statements on the Future of Banking in Ireland - Opening Speech by Minister Donohoe


Statements on the Future of Banking in Ireland - Opening Speech by Minister Donohoe
Check Against Delivery
Ceann Comhairle, thank you for the opportunity to discuss this very important topic. I am sharing time with the Minister of State, Deputy Fleming.
We are living in uncertain times, and this assessment is particularly applicable to the banking sector. It has been a difficult year with all of the challenges that the pandemic has brought and the number of market announcements already this year.
As Deputies will recall we discussed the issue of banking at length in March. In May I was also invited to address the Seanad and hear the views of Senators on the future of banking. ....

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Charlie Weston: No need for Ulster Bank customers to panic today but here's what closure means


Mortgages are protected
You will not lose your tracker rate, even if your mortgage is eventually sold by Ulster Bank to another institution, such as a fund. And if you have a fixed-term mortgage that rate will be honoured until the term is up.
Ulster Bank tracker mortgage customers should do nothing. If you switch lender you lose the tracker. Whoever buys the UB tracker mortgage book will have to honour the tracker rate.
Holders of non-tracker mortgages should consider switching, especially if they have a mature mortgage with equity built up in your home.
If a fund buys your mortgage the new owner and the servicer of the mortgage will be subject to regulatory rules. ....

Daragh Cassidy , Neil Mcdonnell , An Post , Ulster Bank , Central Bank , Central Bank Consumer Protection Code , National Solidarity Bond , Consumer Protection Code , Mortgage Arrears , Deposit Guarantee , State Savings Schemes , Savings Bonds , Avant Card , நீல் மக்டொநெல் , ஒரு போஸ்ட் , அல்ஸ்டர் வங்கி , மைய வங்கி , மைய வங்கி நுகர்வோர் ப்ரொடெக்ஶந் குறியீடு , தேசிய ஒற்றுமை பத்திரம் , நுகர்வோர் ப்ரொடெக்ஶந் குறியீடு , வைப்பு உத்தரவாதம் , நிலை சேமிப்பு திட்டங்கள் , சேமிப்பு பத்திரங்கள் , அவந்த் அட்டை ,