Bank of Ireland Fined EUR100.5 Million for Mortgage Account Failures
By Kyle Morris
Bank of Ireland has been fined 100.5 million euros ($97.8
million) by the Central Bank of Ireland for regulatory breaches
relating to mortgages for accounts impacted between August 2004 and
The Central Bank of Ireland said that the appropriate fine was
EUR143.6 million, but this was reduced by 30% in accordance with
the settlement discount scheme provided for in the administrative
Bank of Ireland admitted to 81 separate regulatory breaches
relating to 15,910 tracker mortgage customer accounts.
The fine is the largest imposed to date by the Central Bank of
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(END) Dow Jones Newswires
September 29, 2022 04:48 ET (08:48 GMT)
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