340 Deputy Paul Kehoe asked the Minister for Finance his views on whether, during the period 1992/1993 when mortgage interest rates were increasing rapidly, when financial institutions maintained interest rates and increased the length of the mortgage instead, it is fair for the banks to seek additional payments in respect of interest rate increases apparently not passed on to customers in this time of economic hardship in view of the fact that certain institutions have been slow to pass on interest rate reductions at various stages; and if he will make a statement on the matter. [33814/09]

Summary

340 Deputy Paul Kehoe asked the Minister for Finance his views on whether, during the period 1992/1993 when mortgage interest rates were increasing rapidly, when financial institutions maintained interest rates and increased the length of the mortgage instead, it is fair for the banks to seek additional payments in respect of interest rate increases apparently not passed on to customers in this time of economic hardship in view of the fact that certain institutions have been slow to pass on interest rate reductions at various stages; and if he will make a statement on the matter. [33814/09]

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• Financial Services Regulation.

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