Central Bank confirms ex-PTSB CEO David Guinane subject to tracker mortgage inquiry

The Central Bank of Ireland has confirmed that former Permanent TSB chief executive, David Guinane, is the first individual to be put forward for public inquiry for suspected regulatory breaches in relation in the industrywide tracker mortgage scandal.

The regulator published Mr Guinane’s name on its website on Friday ahead of a public inquiry management meeting on the case that will take place on June 26th, in a building at the Central Bank campus in Dublin’s north docklands. The official in charge of the inquiry, UK barrister Peter Hinchliffe, has held four case management meetings in private since February of last year.

The Central Bank said in November 2021 that it was setting up an inquiry into an unnamed former PTSB manager as it had “reasonable grounds to suspect that” the individual had “participated in the commission of a suspected prescribed contravention” of part of the Consumer Protection Code 2006 by the bank. The Irish Times subsequently reported that Mr Guinane was the subject of the inquiry.

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