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Written Answers — Department of Employment Affairs and Social Protection: Social Welfare Benefits (20 Oct 2022)

John McGuinness: 272. To ask the Minister for Employment Affairs and Social Protection if child benefit will continue to be paid to a person (details supplied) who is in full-time education. [52549/22]

Written Answers — Department of Employment Affairs and Social Protection: Community Employment Schemes (20 Oct 2022)

John McGuinness: 273. To ask the Minister for Employment Affairs and Social Protection if the payments that are due to a person (details supplied) will be issued to them as soon as possible. [52556/22]

Written Answers — Department of Health: Medicinal Products (20 Oct 2022)

John McGuinness: 333. To ask the Minister for Health if the drug plaquenil will be approved for use in the case of a person (details supplied); and if he will make a statement on the matter. [52558/22]

Written Answers — Department of Agriculture, Food and the Marine: Food Industry (20 Oct 2022)

John McGuinness: 381. To ask the Minister for Agriculture, Food and the Marine if the cap on work permits in the meat processing sector will be increased as a matter of urgency given that some companies in the sector are experiencing a shortage of skills and are being forced to recruit abroad; and if he will make a statement on the matter. [52557/22]

Central Bank (Individual Accountability Framework) Bill 2022: Second Stage (Resumed) (19 Oct 2022)

John McGuinness: I welcome the fact that this Bill is before the House and that I will have the opportunity to address issues within it on Committee Stage. The Bill is long overdue. We witnessed a massive financial crash from which we are still recovering. That still has consequences for individuals in this State, particularly those trying to raise a mortgage and paying high interest rates. While this...

Written Answers — Department of Employment Affairs and Social Protection: Social Welfare Payments (19 Oct 2022)

John McGuinness: 137. To ask the Minister for Employment Affairs and Social Protection if the applications for an invalidity pension and fuel allowance in the name of a person (details supplied) will be expedited and approved. [52282/22]

Written Answers — Department of Employment Affairs and Social Protection: Social Welfare Payments (19 Oct 2022)

John McGuinness: 138. To ask the Minister for Employment Affairs and Social Protection if an application for carer’s allowance which has been approved in the name of a person (details supplied) will be backdated to the date of the original application in 2021; if arrears have already been paid based on the recent approval and the circumstances of the applicant during this period; and if a review of the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)

John McGuinness: I note the minutes of the joint committee meeting of 12 October 2022 were agreed at an earlier private meeting. Today, we are dealing with Ulster Bank and KBC Bank. I welcome everyone to the meeting. We are joined by Ms Jane Howard, CEO, Ms Elizabeth Arnett, director of corporate affairs, Ms Louise Kelly, head of public affairs, from Ulster Bank and by Mr. Frank Jansen, CEO, Mr. Dermot...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)

John McGuinness: I thank Ms Howard. I acknowledge Mr. Richard Crotty in the Public Gallery who is a student from Trinity College Dublin studying politics and international affairs. I wish him well in his endeavours. We will now move to Mr. Jansen to give his opening statement.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)

John McGuinness: I call Deputy Doherty.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)

John McGuinness: Regarding legal processes KBC is engaged in relating to outstanding loans or vulture funds where customers took court action and the court found in their favour, are there outstanding cases to be resolved or outstanding decisions by the court resulting in KBC having to pay a customer? Does it owe customers any money from court processes? Has it paid everyone?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)

John McGuinness: How often does KBC engage with its legal representatives on such issues, on how they conduct themselves in court or on how they process such claims or payments to be made by the bank to the customer?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)

John McGuinness: Will the witnesses address the timeframe between the decision of the court and the instruction by the bank's legal representatives to the bank to pay the money?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)

John McGuinness: My information is there is one case, if not more, where the legal firms representing the bank are dragging their heels and that money is due to be paid to clients arising from those cases or the contribution to legal fees. I would like to know before KBC leaves the country. I know it will pay and presume it will honour the court decision but I am worried about the time it is taking for the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)

John McGuinness: Thank you very much. On the sale of loans to vulture funds, is KBC finished with that end of the transactions? Has it completed the sale of all loans to vulture funds or does it envisage more such sales?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)

John McGuinness: I raised that because as soon as the bank transfers a loan to a vulture fund, "fairly" goes out of it and it becomes very difficult for the customer to deal with the vulture fund. I wish to see no shortcuts being taken in transferring an account or selling a loan to a vulture fund, without first exhausting every avenue with the customer to see whether the matter can be resolved, in order...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)

John McGuinness: When KBC Bank finally closes and leaves the country, all of its transactions will have been made. It will not take any baggage with it. That baggage will be left with some bank or other or will be sold to another fund. KBC Bank will be completely closed down and there will be no need for a customer to contact the bank after it leaves the country.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)

John McGuinness: KBC Bank will keep up that direct-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)

John McGuinness: -----contact with customers who remain on its books, for whatever reason, after closure.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)

John McGuinness: An issue has now arisen for all of those who are considered to be politically exposed persons in that when their accounts are transferred from KBC Bank or Ulster Bank, the receiving bank begins to ask all of the appropriate questions arising from the legislation. People are experiencing the fact that they are a politically exposed person and its consequences for the first time, especially...

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