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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

John McGuinness: What about EBS as an example? That is nearly finished. Again, will the Central Bank oversee it until the end and will there be fines?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

John McGuinness: The headline was carried as "Central Bank head Makhlouf rejects claim that Irish banking market is 'dysfunctional'".

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

John McGuinness: I know that. It was the easiest way for me to refer to the article. I could refer to other things. The likes of Belfry and EBS have been dragging on from when they started way back up until now and other issues have been raised around the tracker mortgage issue and what happens when banks sell on at an early stage. I refer, for example, to banks selling to vulture funds when...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

John McGuinness: To say the least.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

John McGuinness: These are not just words that are made up and put out there randomly. I say this to Mr. Makhlouf out of experience of the tracker mortgages, EBS and Belfry. They may be historical issues but they are not actually, as EBS is still not resolved. It shows the intent of a big bank not to recognise its failings. That is what it tells me. The constant measurement banks take seems to be...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

John McGuinness: For me, that is dysfunctional. I will tell Mr. Makhlouf what else is dysfunctional-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

John McGuinness: The complaints procedures in banks are dysfunctional. A lady in her later years found out that her signature was on a guarantee in the bank. It is her signature and her late husband's signature but it is obvious that she was never in the bank, she never signed the document in a bank and she does not know the people who are on it with her from the bank. Therefore, she made a complaint and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

John McGuinness: I will send Mr. Makhlouf the letters. It is outrageous, and she is not the only one. The bank could say that, no, this woman is actually wrong and that it got that sorted and she did sign it. It is not even doing that. Bank officials are not even meeting the woman. The complaint goes to a centre somewhere where somebody deals with it. Finally, I want to say this to Mr. Makhlouf...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

John McGuinness: That is all I would say to Mr. Makhlouf.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

John McGuinness: It is not a criticism of the bank, it is-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

John McGuinness: -----the way everything is emerging. Mr. Makhlouf said things are going to change, and they certainly are. They are changing rapidly. I think of the elderly and even those in equity release.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

John McGuinness: I just wonder about it all. I am very thankful that the witnesses came in. The members have given their updates on their own issues. It is good to share these things with the witnesses and for them to tell us what the bank is doing. If there are no further comments anyone would like to make, I will adjourn the meeting until next Wednesday.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

John McGuinness: Okay. I wish to ask Mr. Makhlouf about his interview with the Irish Examiner.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

John McGuinness: I will share with Mr. Makholuf the story of a young man who was on social welfare. He wanted to go onto the long-term social welfare payment because he is quite ill. Social welfare sent him 30 pages of stuff about his Revolut account, but because of the fact that he had maybe dodged paying a bill from the service provider for the telephone, he was not able to access his Revolut account to...

Written Answers — Department of Education and Skills: Schools Building Projects (13 Feb 2024)

John McGuinness: 278. To ask the Minister for Education and Skills if she will resolve the issues relative to a construction project at a school (details supplied) as a matter of urgency to allow the project to proceed. [6198/24]

Written Answers — Department of Employment Affairs and Social Protection: Pension Provisions (13 Feb 2024)

John McGuinness: 448. To ask the Minister for Employment Affairs and Social Protection if she will address a query in respect of a State pension benefit (details supplied). [6520/24]

Written Answers — Department of Employment Affairs and Social Protection: Fuel Poverty (13 Feb 2024)

John McGuinness: 450. To ask the Minister for Employment Affairs and Social Protection if an application for fuel allowance in the name of a person (details supplied) will be re-examined. [6540/24]

Written Answers — Department of Employment Affairs and Social Protection: Social Welfare Benefits (13 Feb 2024)

John McGuinness: 452. To ask the Minister for Employment Affairs and Social Protection if the payment of carers allowance and arrears due will be made immediately in the case of a person (details supplied). [6548/24]

Written Answers — Department of Justice and Equality: An Garda Síochána (13 Feb 2024)

John McGuinness: 471. To ask the Tánaiste and Minister for Justice and Equality if she will provide a breakdown of the number of gardaí allocated to Carlow and Kilkenny in each of the past five years; how they have been deployed in each county; and her views on the overall level of crime in each county and in particular drug-related crime. [6525/24]

Written Answers — Department of Agriculture, Food and the Marine: Forestry Sector (13 Feb 2024)

John McGuinness: 488. To ask the Minister for Agriculture, Food and the Marine , further to a response issued to a previous Parliamentary Question on the existing farm partnership arrangements with Coillte, if he will now address issues (details supplied) raised by individual landowners which are of huge concern to them and continue to be ignored or misrepresented by Coillte. [6255/24]

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