Results 11,921-11,940 of 35,756 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
Pearse Doherty: I will pick up on some of the points. I welcome our guests. I apologise because I am a bit under the weather today. Regarding the statistics, we know that 40,100 customers were affected by the tracker mortgage scandal according to the Central Bank's final report of May 2019. Has that number increased since the final report?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
Pearse Doherty: What is the final number?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
Pearse Doherty: Yes. Perhaps Ms Rowland might explain why there is an extra 400 since the final report.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
Pearse Doherty: Is it Ms Rowland's view that this is absolutely the final number? I appreciate that she has only been in her current position since 2017, but we have been here since 2015. Indeed, it was this committee that wrote to the Central Bank asking, encouraging and demanding that it carry out the investigation in the first place. In the interim, we have seen different figures that have increased...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
Pearse Doherty: Were those complaints to individual banks or to the Central Bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
Pearse Doherty: We deal with people who make these complaints. They are deeply frustrated by the banks, but also by the Central Bank. I acknowledge the work that the Central Bank has done latterly in terms of pushing and pressuring the banks to own up to their responsibilities for what they have done, but the Central Bank supervises all of the work that they do. Every tracker mortgage is examined in...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
Pearse Doherty: I ask Ms Rowland not to try to misinterpret me in suggesting that what I am trying to argue is that the Central Bank would in any way try to close down an option of appeal.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
Pearse Doherty: I will put the point more bluntly. The Central Bank was asleep at the wheel regarding the earlier period of this investigation. Customers who took cases to the then Financial Services Ombudsman, including extended family members of mine, had to wait four years as Permanent TSB dragged a test case through the ombudsman service, the High Court and then the Supreme Court and for campaigners,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
Pearse Doherty: Did the lenders break the law?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
Pearse Doherty: That is fair enough. Am I correct that the Central Bank's enforcement procedure in regard to Permanent TSB has been concluded?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
Pearse Doherty: Did Permanent TSB break the law?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
Pearse Doherty: That breaks the law.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
Pearse Doherty: Has any member of Permanent TSB been sacked as a result of those 42 breaches of the regulations-procedures?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
Pearse Doherty: To Ms Rowland's knowledge, has any member been sacked?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
Pearse Doherty: Fair enough. I presume the witnesses can say if any member of Permanent TSB has been demoted as a result of this, what I call, theft? This institution took customers' money, it broke the law in the process of doing so and it was forced to return it. Do the witnesses know if any bank official has been demoted as a result of this?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
Pearse Doherty: Individual accountability, if it happens at all, will happen in different stages because the Central Bank investigations into the individual banks are happening at different stages. The first bank to be investigated was Permanent TSB. It is the institution that fought its customers all the way to the steps of the Supreme Court to try to block and frustrate the wider investigation. When are...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
Pearse Doherty: I am not looking for a date. Will it be this year, next year or the year after? When should we be-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
Pearse Doherty: I appreciate that and the challenges in terms of somebody challenging the bank, but the enforcement procedure and the fine has been levelled against PTSB, so I am just discussing PTSB, because we would expect and anticipate that if there was individual accountability, it would be in PTSB first as it is more advanced in this regard. Are we likely to hear of a decision this year, next year, in...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
Pearse Doherty: Is the Central Bank hopeful that it will be able to hold individuals accountable for what happened in the tracker mortgage scandal?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
Pearse Doherty: That is okay. On evidence that the Central Bank has uncovered so far, has it had cause to meet with the Garda in relation to some of that?