Former Permanent TSB chief executive David Guinane has lodged an appeal against a decision by a Central Bank inquiry which found he participated in regulatory breaches by the bank relating to its treatment of tracker mortgage customers between 2009 and 2010.
Mr Guinane was the first individual to face an inquiry for their role in the tracker mortgage controversy and to be found to have participated in any breaches.
Earlier this year, the inquiry, which was led by sole member Peter Hinchcliffe, found that "on the balance of probabilities" between 19 January 2009 and April 2010, Mr Guinane participated in a breach by PTSB of its regulatory obligation by not acting in the best interests of its customers when it dealt with customers who indicated their intention to return to a tracker-rate loan and whose mortgage loan agreements contained a contractual clause to do so.
In a statement today, Mr Guinane said a full appeal has been lodged and will be heard in January and February next year.
"The inquiry findings actually confirm that I did not consciously do anything wrong," Mr Guinane said.
"It is telling that I have to carry the can for PTSB, which was found by the Inquiry Member to have acted in bad faith.
"I believe that I have been scapegoated by the Central Bank in respect of these events which occurred sixteen years ago," he added.
Mr Guinane worked for PTSB for more than 25 years, and served as chief executive of the bank between 2007 and 2012.
