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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

Jim O'Callaghan: I thank the employees of AIB for attending. I have to ask Dr. Hunt about the point that was raised by Deputy Doherty in respect of the tracker redress scheme. The decision of the Financial Services and Pensions Ombudsman, FSPO, required AIB to write down the value of the mortgage by 12% of the balance due when the fixed rate ended, as well as to pay interest charged on the write-down since...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

Jim O'Callaghan: I take it from that that AIB applied it on the basis of simple interest, in communication with the Financial Services and Pensions Ombudsman, which confirmed that simple interest was appropriate.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

Jim O'Callaghan: I return to Dr. Hunt on the question of cash-back mortgages. He will be aware that cash-back mortgages are used by some lenders. It appears that the interest rate charged is higher on cash-back mortgages. Let us look at this in terms of the two entities over which Dr. Hunt has some responsibility. In EBS, the lowest three-year fixed rate with cash-back is 2.9%. However, in AIB it is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

Jim O'Callaghan: Before Dr. Hunt hands over to Mr. O’Keeffe, I will ask the question more specifically for Mr. O’Keeffe. Why is it that the interest rate charged for cash-back mortgages is significantly higher than mortgages that do not offer cash-back?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

Jim O'Callaghan: I ask Mr. O'Keeffe on that point, does the inclusion of cash-back in these products necessarily mean that the mortgage interest rate is going to be higher than it would be if there were no cash-back?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

Jim O'Callaghan: I have a final question for Dr. Hunt. I am conscious that my other colleagues want to get in. Obviously, it is not AIB’s business to try to encourage its competitors. However, it is in the interest of the Oireachtas to try to ensure that the Irish banking sector is more competitive. That is particularly so in recent times, since we have lost Ulster Bank and other financial...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: AIB (30 Jun 2021)

Jim O'Callaghan: I thank Dr. Hunt.

Joint Oireachtas Committee on Education and Skills: Traveller Education: Discussion (29 Jun 2021)

Jim O'Callaghan: I thank Mr. Joyce, Ms Reilly and Ms Joyce for coming in to the committee today. I extend my congratulations to Ms Reilly on her very important achievement on securing a first class honours degree. Mr. Joyce spoke on the national Traveller education strategy. We all know we need one. What would he like to see in that strategy in order that Irish Travellers can benefit fully from the Irish...

Joint Oireachtas Committee on Education and Skills: Traveller Education: Discussion (29 Jun 2021)

Jim O'Callaghan: In her opening statement, Ms Joyce said there needed to be systematic change introduced through the national Traveller education strategy. Is there anything she would add to what Mr. Joyce said that she would like to see as a priority?

Joint Oireachtas Committee on Education and Skills: Traveller Education: Discussion (29 Jun 2021)

Jim O'Callaghan: I thank Ms Joyce. I printed off the recommendations from that committee. I assume I am correct in stating that the last thing she wants is just another glossy publication, which sets out goals that are not implemented.

Joint Oireachtas Committee on Education and Skills: Traveller Education: Discussion (29 Jun 2021)

Jim O'Callaghan: Ms Reilly's statement emphasised the impact that the restrictions and the closure of schools had on Traveller children. A lot of research has been done around the world on the impact that depriving children of education had on them. Can I ask Ms Reilly to once again emphasise the detrimental impact that she says the restrictions and the closure of education facilities had on Traveller children?

Written Answers — Department of Foreign Affairs and Trade: Brexit Issues (24 Jun 2021)

Jim O'Callaghan: 119. To ask the Minister for Foreign Affairs and Trade if he will report on the implementation of the Northern Ireland protocol; and if he will make a statement on the matter. [33702/21]

Written Answers — Department of Foreign Affairs and Trade: International Relations (24 Jun 2021)

Jim O'Callaghan: 145. To ask the Minister for Foreign Affairs and Trade if he has had any recent engagement with the United States Secretary of State; and if he will make a statement on the matter. [33703/21]

Written Answers — Department of Justice and Equality: Legislative Process (22 Jun 2021)

Jim O'Callaghan: 513. To ask the Tánaiste and Minister for Justice and Equality when the Parole Act 2019 will be commenced; and if she will make a statement on the matter. [33457/21]

Ceisteanna Eile - Other Questions: Public Expenditure Policy (17 Jun 2021)

Jim O'Callaghan: 108. To ask the Minister for Public Expenditure and Reform if public expenditure for 2021 is within profile; and if he will make a statement on the matter. [32332/21]

Written Answers — Department of Public Expenditure and Reform: Pension Provisions (17 Jun 2021)

Jim O'Callaghan: 109. To ask the Minister for Public Expenditure and Reform if he plans to review the provisions of the Public Service Pensions (Single Scheme and Other Provisions) Act 2012. [32331/21]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Credit (Amendment) Bill 2018: Discussion (Resumed) (17 Jun 2021)

Jim O'Callaghan: I do not have any questions for the guests and thank them for coming in today. I commend the credit unions on the role they play in financial services in Ireland. Like the Vice Chairman and others in the committee, I believe it is very important that we try to expand the role the credit unions play in the financial services system in this country, whether it is to deal with the issue of...

Written Answers — Department of Finance: Banking Sector (15 Jun 2021)

Jim O'Callaghan: 86. To ask the Minister for Finance the measures he will be taking to boost banking competition nationwide; and if he will make a statement on the matter. [31706/21]

Written Answers — Department of Finance: Ministerial Meetings (15 Jun 2021)

Jim O'Callaghan: 106. To ask the Minister for Finance if he will report on his attendance at the recent G7 finance ministers meeting in London; and if he will make a statement on the matter. [31705/21]

Written Answers — Department of Finance: Tax Code (15 Jun 2021)

Jim O'Callaghan: 370. To ask the Minister for Finance the position in relation to reports that the Irish affiliate of a company (details supplied) paid no tax in 2020 on profits of €260 billion; and if he will make a statement on the matter. [31575/21]

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