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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

John McGuinness: Yes, the vultures.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

John McGuinness: Yes. Right. I have got that. I would like to ask about the meeting with the Minister. Again, this is for information. Permanent TSB only has to consult.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

John McGuinness: Was that a meeting or was it just a way of giving the Minister the nod about the sale of €1.3 billion in loans? Was there an in-depth conversation about it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

John McGuinness: I want to be prepared in case I am appointed Minister for Finance at some time in the future. I will be prepared.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

John McGuinness: That is all right. My final two questions relate to the written consent of the borrower and to the Central Bank. The written consent of the borrower is really a voluntary code of practice. It does not have to be-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

John McGuinness: Are the codes under which Pepper operates - separate from the regulation - voluntary in nature as well?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

John McGuinness: Okay.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

John McGuinness: I think Mr. Masding said earlier that Permanent TSB engaged with the Central Bank in respect of the sale of this portfolio of loans.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

John McGuinness: Permanent TSB is not obliged to do that with the Central Bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

John McGuinness: It was a new thing, so Permanent TSB discussed it with-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

John McGuinness: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

John McGuinness: Did the Central Bank raise anything, or was it just an exchange of views?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

John McGuinness: I am not asking-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

John McGuinness: I will rephrase the question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

John McGuinness: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

John McGuinness: All right.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

John McGuinness: I said I would wind up.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

John McGuinness: We are now at the end of it. It will not surprise Mr. Masding when I tell him I am not fan of the arrangements that Permanent TSB has entered into. I would prefer if a greater political urgency could be put into creating a different arrangement to give people a better chance. I know that Mr. Masding is managing his bank and Mr. Ryan is doing his business with Pepper. I often consider that...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Data Sharing and Governance Bill 2018: Committee Stage (6 Dec 2018)

John McGuinness: Amendments Nos. 5 and 6 are related and may be discussed together.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Data Sharing and Governance Bill 2018: Committee Stage (6 Dec 2018)

John McGuinness: Yes. Amendments Nos. 5 and 6 are related.

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