Results 1,501-1,520 of 6,650 for speaker:Rose Conway-Walsh

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

Rose Conway-Walsh: I really do understand that but I am trying to find out how we can improve access to credit for people who need it. In many cases, if their lives had gone on as normal, these people would be in their 50s and 60s and have their mortgages paid off but they now find themselves in a situation where they desperately need access to credit. What can the Central Bank do to facilitate that?

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

Rose Conway-Walsh: Is there nothing at all that the Central Bank can do?

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

Rose Conway-Walsh: This has gone on for years and years and people will be really disappointed that the Central Bank cannot play any more than a supporting role in this. Obviously what homeowners wanted was a bespoke scheme that would get them out of this situation. This is not a normal situation. We have a situation where people desperately need credit and need to be able to get on-----

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

Rose Conway-Walsh: The scheme is live as it is, so I will continue to pursue this with the individual banks. Can our guests give us a ballpark figure of how much the big three retail banks have on deposit with the ECB?

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

Rose Conway-Walsh: What is the current rate from the ECB? Is it 4%?

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

Rose Conway-Walsh: Obviously competitiveness is a big issue for us here. We do not have adequate competition in the banking market. How does the Central Bank deal with that lack of competition in the context of greater regulatory oversight and action? What steps has the Central Bank taken to ensure that the banks pass on interest rate increases to savers in a timely manner? Obviously the banks are making...

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

Rose Conway-Walsh: I did not say that either. I said there is less competition.

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

Rose Conway-Walsh: Is Mr. Makhlouf satisfied that the balance is right between that slow pass through and the pass back in terms of the deals the banks are giving?

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

Rose Conway-Walsh: I just want to see how the Central Bank introduces fairness in the context of 4% being made on €90 billion and how that is passed on. I want to know that there is a fairness in the system and that consumer rights are being upheld. It is about fairness.

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

Rose Conway-Walsh: I have limited time.

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

Rose Conway-Walsh: I thank Ms Rowland. That is what I wanted to know. There is also the matter of keeping the banks under control because obviously profit maximisation is their aim and we see the projections for the banks while we see many vulnerable customers as well, which Ms Rowland referred to in her statement. I want to ask her about the mortgages that have been transferred from the vulture funds back...

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

Rose Conway-Walsh: There certainly is. My contention is about the criteria for that. That is what I am trying to analyse and look at. We have 900 but the criteria are so strict with regard to the number of things that people have to meet for transferring. I want to see if that is working for people or if we need to look again at the criteria and the expectation we have of people. Obviously, it is a...

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

Rose Conway-Walsh: I have them all here in front of me.

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

Rose Conway-Walsh: I believe people were wronged in the first instance when we were told that mortgages in arrears were to be sold to vulture funds. I want to put an issue of a complaint to Ms Rowland, if she does not mind. It is about the deeds again. We have discussed this before. I have dealt with one particular person who is citing that the bank is refusing to give them bank the original deeds. They...

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

Rose Conway-Walsh: The contract is obviously between the bank, which comes under the Central Bank, and the person who takes out the mortgage. I just cannot see why it would not give the person back the-----

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

Rose Conway-Walsh: Okay, I thank Ms Rowland.

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

Rose Conway-Walsh: There is nothing whatsoever.

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

Rose Conway-Walsh: I thank Ms Rowland.

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

Rose Conway-Walsh: There is certainly more. When we look at the context of all this, 78,000 had their mortgages transferred. Could Ms Rowland confirm that approximately 22,000 of those were mortgage holders who were not in arrears and should not have been transferred in the first place?

Reform of the Television Licence Fee Model: Motion [Private Members] (13 Feb 2024)

Rose Conway-Walsh: The drop-off in people paying the television licence fee did not just happen by accident. It is a form of protest. Regardless of whether one agrees with them, people are having their say. It is a protest against the insider culture and unaccountability of the top brass in RTÉ. Even after the story broke and the public anger was clear, those at the top of RTÉ still did not get...