Results 6,541-6,560 of 35,592 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: Before we go into some of the specific areas regarding banking in the Minister's opening statement, I mentioned at the banking forum that one of the areas the State needs to get a grip of is the issue of financial fraud, which has absolutely exploded in recent times. If the trend continues, it poses a real issue for the State and for banking services. In the Minister's view, does the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: I do not have a specific issue because this is not just happening to one individual; it is happening to thousands of individuals. Tens of millions of euro are being conned from customers every single year. There was no financial fraud strategy here until last year. The Hamilton report made it very clear that there was no strategy in place. The Department of Finance is now a part of that...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: I am sure there are few people in this House who have not got a notification from their bank on their phone to say that an attempt was made to pay for a holiday or product that they were not involved in and that it has stopped it. The banks are working on this, but I am talking about figures about where fraudsters have been successful. The success rate of fraudsters has increased 51% year...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: I ask the Minister to give me an example of what is being done to allay the fears of a customer who is getting messages on his or her phone asking him or her to click into something and put in PIN details. What will this directive do in relation to these thousands of successful instances and tens of thousands of attempted instances on a monthly basis?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: How would the Minister assess the Government's success or failure in combating financial crime and fraud?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: A recommendation which came out of the plan was that there should be a multi-annual strategy to combat economic crime and corruption and an accompanying action plan. Was that published?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: Yes, combating economic crime and corruption. It came out of the Hamilton report recommendations.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: I ask the Minister to follow up with the committee on that because public consultation was supposed to happen. It was not a secret document or anything. We need a cross-governmental multi-annual financial crime strategy and the Department of Finance should be at the heart of it. It needs to include our online agencies, banking representatives, the Garda and the Department of Justice, but I...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: For what reason are the board papers of AIB sent to the Minister and his Department?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: Is the Minister saying that when the official was made aware that AIB proposed to withdraw cash services from 70 branches, he or she kept that information to himself or herself?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: The Minister says that the official was not aware of the public impact of this at the time. Obviously, the public across the State, nearly to a man and to a child, was against this proposal. It caused deep outrage and anger. Was the official aware from the board pack that there was a proposal before the board meeting to withdraw cash services from 70 branches in AIB?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: Hang on. Let me get this right. The Minister has said that the Department was not aware of the impact that this would have on the public because the official did not read that at that time. However, the CEO of the bank told us that the papers sent to the Minister and the Department included the board papers which proposed to withdraw cash services from 70 branches of AIB. Is the CEO...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: Okay so-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: That is fine. I appreciate that it was not a one-item board.