Therefore,  8  BIS central bankers’ speeches  with regard to financial institutions’ current accounts held at the Bank, the balances of which change along with the Bank’s asset purchases, careful deliberation is necessary in discussing the lowering or the abolishment of the payment of interest on excess reserve balances of the current accounts.
Prior to 2015, we pursued tracker mortgage issues with a number of individual lenders and ensured 7,100 cases were resolved in favour of affected customers. We also took enforcement action against Springboard Mortgages Limited, resulting in a reprimand and monetary penalty of € million, the highest penalty ever collected by the Central Bank further to an enforcement investigation.