The Central bank published the findings of its themed inspection of compliance with the statutory Code of conduct on Mortgage Arrears. While the seven lenders investigated had implemented frameworks as required by the CCMA, weaknesses of varying degrees were identified across all four areas: resolution of arrears in a timely manner; transparency of borrowers' communications; fair processes; and process improvement and controls. The Central Bank has imposed timelines for remediation of breaches. However, David Hall, chief executive of the Irish Mortgage Holders Organisation (IMHO), said it was "deeply concerning" that the banks were not named by the regulator alongside their breaches.