Results 2,181-2,200 of 10,460 for speaker:Gerry Horkan
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Gerry Horkan: Mr. Stanley cannot tell us that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Gerry Horkan: Touching on Senator Kieran O'Donnell's questions, the 1,214 people who have been paid out are the only people on which we can have absolute certainty in terms of the figures. Are the 2,396 who are not yet paid out tied down in that Ulster Bank knows the cost per customer of each of those ones?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Gerry Horkan: No. On the difference between the 3,500 that are confirmed, 1,214 are paid out but 2,396 or thereabouts are not paid out. Of the 2,396 that are not paid out, is there certainty in Ulster Bank's books regarding the amounts that are payable to those people?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Gerry Horkan: The averages mentioned in Appendix 1 for compensatory redress only relate to the 1,200 that are paid out-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Gerry Horkan: -----not the balance of 3,500?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Gerry Horkan: We are still looking at only a very small percentage of what potentially is the impact on customers. I accept it probably will not be a full 7,000.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Gerry Horkan: It is somewhere between 3,500 and 7,000. We are looking at only 1,200. Mr. Stanley mentioned one case of loss of a home worth €300,000. Is that the highest-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Gerry Horkan: To date. Are there others in that general region?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Gerry Horkan: Even in excess of the €300,000 case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Gerry Horkan: Of the 1,214 that are paid out, how many are over €100,000?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Gerry Horkan: It is becoming more clear all morning that there is a lack of data and information. Bank of Ireland and AIB have been before the committee. I am sure Mr. Stanley's team has been able to look at the questions we asked them and they were able to give us a lot of detail Mr. Stanley is not in a position to give us, and it is a much smaller sample.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Gerry Horkan: I have been here all morning so I have heard about legacy systems and so on.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Gerry Horkan: I accept that but 1,214 cases are paid out and it would have been very useful for us, even if they were the easiest cases, to get some indication on those because if I was an Ulster Bank customer impacted by this, I would be very concerned that I would get my money back by June based on what we have heard this morning because it seems, and Mr. Stanley has admitted it, that Ulster Bank has a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Gerry Horkan: From previous systems.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Gerry Horkan: It would be useful if Mr. Stanley were to come in again relatively soon to update us on the progress and give some confidence to the people involved that they will get somewhere-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Gerry Horkan: -----because I do not believe we can leave it as long based on the fact that we have not been able to get all the information. The more information we have, the more we can give some reassurance to customers. Based on what we have heard this morning, I do not believe that the people watching these proceedings this morning will be overly reassured that they will have everything by June. ...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Gerry Horkan: In relation to those 3,500, and I accept what Mr. Stanley said that it will probably not be that many, when will they know one way or another?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Gerry Horkan: How long will it take between when the bank knows and the customers know?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Gerry Horkan: Will that be two, three, four, six weeks?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Gerry Horkan: I accept that but if the bank has a database, and the Central Bank sends it an Excel sheet regarding 3,500 customers, even with that many customers, the bank could use mail merge to let people know if they were impacted or not and that the bank will contact them in due course.