To date, the Central Bank has concluded an enforcement investigation in respect of tracker mortgage failures identified at Springboard Mortgages Limited and imposed a monetary penalty of € million on that entity in respect of the failures. The monetary penalty paid by the entity is the highest penalty ever collected by the Central Bank.
Those services – if that’s the proper term to use – are technologically feasible and supplied as we speak. So, the question is not whether or when we will enter into a new era (we already have), but rather on what scale.