RegSol Blog

Enforcement Action - Ulster Bank

May 2020

On 3 March 2020, the Central Bank of Ireland (the Central Bank) reprimanded and fined Ulster Bank (Ireland) DAC (the Firm) €4,600,000 for governance failings relating to regulatory returns that were required under the Mortgage Arrears Resolution Targets (MART) Framework.

The Firm has admitted to these breaches, which took place from 2013 until 2015.

Click HERE to view the full Settlement Agreement

By Judy de Castro - Regulatory Consultant