Minister of State with special responsibility for financial services Michael D'Arcy has said that the Government is not conflicted in the tracker mortgage controversy.
Speaking on RTÉ's The Week In Politics, Mr D'Arcy said Minister for Finance Paschal Donohoe has put a hard line to bank executives and said "enough is enough".
Mr D'Arcy said the objective is to ensure the 13,000 customers who have been identified as being affected by the scandal, will have their cases concluded and will be compensated by the end of the year.
He said there are other accounts that still have to be assessed.
Fianna Fáil's Timmy Dooley said it appears the banks were doing the same thing at the same time.
He said it does not require a rocket scientist to find out that there is a level of collusion.
Mr Dooley said it has reached the point where bank executives should be held personally responsible.
Sinn Féin's Eoin Ó Broin said the banks have to be prevented from setting the timeline and the level of compensation.
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He said there should be a change in legislation to allow for class actions, saying it would send a powerful message to the banks.
Mr D'Arcy said the level of compensation and the timeline is not being set by the banks, and that it is being set by the Central Bank.
He said if the controversy ends up legalistic, then it will end up in the courts for years, and people who are due to be paid before Christmas, will not be paid before Christmas.
