Results 2,141-2,160 of 10,460 for speaker:Gerry Horkan

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Common Consolidated Corporate Tax Base: Discussion (25 Jan 2018)

Gerry Horkan: While I am reluctant to conclude the debate and am enjoying Deputy Burton's contribution, the committee was due to finish at 12 noon and it is now 12.15 p.m. There will be an opportunity after------

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Common Consolidated Corporate Tax Base: Discussion (25 Jan 2018)

Gerry Horkan: Deputy Burton has made that point very well. We will now conclude. There will be an opportunity afterwards for further discussion. It is very clear from the committee that Ireland has significant concerns about these proposals. The witnesses may need to refresh themselves in regard to our reasoned opinion because I am sure they have been bombarded with data from all 27 member states,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Gerry Horkan: Many of the points have been covered. I thank Ms McDonagh for her opening statement. She made one particular remark, to which Senator Kieran O'Donnell referred. On page 1 of her statement she says:Since joining Bank of Ireland, I have reviewed the bank’s approach to the tracker issue. I have concluded that the bank placed a clear emphasis on the legal interpretation of our mortgage...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Gerry Horkan: The reasons that Ms McDonagh has outlined give some indication as to why the number of cases jumped by 6,000. How much was the Central Bank involved in respect of the increase of cases from 3,400 to 9,400?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Gerry Horkan: Of the 6,000 extra cases that were added following robust challenge and internal procedures in addition to the some 3,300 had already been agreed prior to that. Is there a further pool of mortgage accounts which the Central Bank was also looking at, of which the bank only accepted three quarters, that being 6,000 cases out of 8,000, for example? Alternatively, is it the case that the 6,000...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Gerry Horkan: I will try not to repeat some of the points that were made earlier. There have been offers in nine out of ten cases and so much has been paid out and so on. Are the one in ten cases the more complicated and complex cases which will ultimately be more costly for the bank to redress and compensate people? I asked the question of AIB last week and will probably ask it of other banks. What is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Gerry Horkan: They are not all complex. Ms McDonagh outlined that some of them are abroad and so on.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Gerry Horkan: What is the breakdown in those cases of redress versus compensation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Gerry Horkan: It would be useful. We heard from AIB that in the really appalling cases where people lost homes the compensation could be multiples of the redress, as opposed to less than 100% of the compensation. I do not know if that is the case in Bank of Ireland. Perhaps it is but perhaps it is not. It would be useful for us to see a range of all of the 9,400, that is, how many cases were involved...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Gerry Horkan: We had some figures from AIB last week. I do not know if the witnesses had a chance to examine the transcript of the meeting. I will be asking for it. I just want to identify it. It is all very well if there is a margin error of less than 1% and a person gets a couple of thousand euro and a bit of compensation. There is a phrase on Appendix 2: "Fair value compensation interest and fair...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Gerry Horkan: Therefore, the compensation for many people would have been giving them their own money back plus 5%.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Gerry Horkan: Therefore, the average across what the bank has paid out so far in the nine out of ten cases is in or around 21%.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Gerry Horkan: In terms of the change of culture, Ms McDonagh identified four key values, that is, behaviour that is customer-focused, agile, accountable and fosters teamwork, and the bank is endeavouring to restore trust. It has a huge job in terms of restoring trust. This is not just in Bank of Ireland and Bank of Ireland cannot do it for the whole banking sector but it can do its best within its bank....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Gerry Horkan: I was not speaking about my own branch but we have all heard about people going into branches and encountering a line of machines. There may be people in the branches. Customers cannot do what they want to because there is nobody behind the counter who can accept a foreign cheque or give a bank draft in sterling. Certain things cannot be done in branches that no longer provide counter...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Gerry Horkan: Perhaps. Does the Deputy mean Donegal voice recognition or voice recognition technology for everyone?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Gerry Horkan: Will the witnesses get a transcript of this meeting and review all of the requests and questions from me and other members on which they have agreed to revert to us? This would avoid the situation that happened the last time, when Mr. McLoughlin was going to provide information and it did not get provided. There were certain things with which Mr. O'Beirne agreed to come back to me and I am...

Seanad: Technological Universities Bill 2015: Second Stage (Resumed) (31 Jan 2018)

Gerry Horkan: I welcome the Minister of State, Deputy Mary Mitchell O'Connor, who has responsibility for higher education, to the House.

Seanad: Technological Universities Bill 2015: Second Stage (Resumed) (31 Jan 2018)

Gerry Horkan: Senator Gavan is the next speaker. He swapped last night with the Civil Engagement group. He has eight minutes.

Seanad: Technological Universities Bill 2015: Second Stage (Resumed) (31 Jan 2018)

Gerry Horkan: Senator-----

Seanad: Technological Universities Bill 2015: Second Stage (Resumed) (31 Jan 2018)

Gerry Horkan: Time.