Why are these guys getting trackers?
The Central Bank insisted that had AIB complied with the terms of their contract, they would have increased the tracker rate instead of withdrawing it in October 2008. However, based on the experience of previous changes to tracker rates, it would have taken AIB 12 weeks to implement that change.
So the Central Bank insisted that AIB give all those customers the tracker rate which would have existed during that 12 week period
Brendan