David Guinane, former chief executive of PTSB, who is the subject of an inquiry into alleged regulatory breaches relating to tracker mortgages. Photograph: Alan Betsonparticipated in a strategy 15 years ago to treat certain tracker mortgages unfairly has not heard evidence that any borrower was affected, a lawyer for the former banker said.
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Mr Hogan said on Thursday that the inquiry has been provided with no evidence of any customers being affected between January 2009 and April 2010. This is the specific period in which the former chief executive is alleged to have participated in a breach of a consumer protection code for failing to act in customers’ best interests.
She noted that Mr Guinane told investigators in 2017, when they were looking into the actions of the bank, that he then believed the 2009 decision to only give a favourable tracker rate to certain customers was not fair.