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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Paddy Burke: How is the region defined? Is it defined through the licence? How does one say a certain region belongs to a certain bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Paddy Burke: Is there an actual boundary?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Paddy Burke: That would not permit someone from Cavan to go down there to-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Paddy Burke: If it is up and running-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Paddy Burke: Would the licensing cover that region?

Seanad: Flood Prevention Measures: Statements (18 Oct 2017)

Paddy Burke: I welcome the Minister of State to the House and I wish him well in his portfolio. I am sure he will do a wonderful job. He has already proved himself as a back bencher and councillor. I would like to be associated with the expressions of sympathy to the families who lost loved ones over the last couple of days. It is a shocking tragedy for the three families concerned. The Minister of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Paddy Burke: I welcome Professor Lane and the staff from the Central Bank. Is the Central Bank dependent on the banks giving it the information on the people involved with tracker mortgages?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Paddy Burke: Is that because the Central Bank does not have the manpower to do it? It has the power but not the manpower. Is that the case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Paddy Burke: The power to go in and investigate.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Paddy Burke: It is dependent on the banks to tell it the names of the people involved in the tracker-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Paddy Burke: The witness has outlined that. Is it not the case that the Central Bank is dependent on the banks to give it the information on the people involved?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Paddy Burke: Why does the bank not allow the people to write to it and pick some of them to investigate and go into the bank and do its own investigation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Paddy Burke: The Central Bank is taking information from people other than the banks, is that the case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Paddy Burke: Is it satisfied with that? I have letters from several people going back to 2003 who do not know whether they are in or out. They have been waiting for months and years for communication and some of them think that they will never know.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Paddy Burke: Some of those loans in the meantime have been sold to vulture funds. Not alone have the banks sold the loans to vulture funds, but they have also given the private information of those individuals, which the banks have held, to them. Do the witnesses think that is correct? Is it allowed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Paddy Burke: I am sure it will be part of the redress. Would it not?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Paddy Burke: Ms Rowland said it is clear that all lenders did not sufficiently recognise or address the scale of those unacceptable failings until the Central Bank intervention. The Financial Services Ombudsman failed the majority of those people. It has been said quite openly here by people who have come to other meetings. It was the courts that brought it to the attention of the Central Bank. It...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Paddy Burke: Ms Rowland says that time limits should not be the defence for any financial institutions. Is she asking that the banks would cast aside the statute of limitations?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Paddy Burke: Ms Rowland is saying if those people write to the Financial Services Ombudsman, the statute of limitations can be waived if the case is outside the limitation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Paddy Burke: Is that laid down in law?

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