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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

John McGuinness: When Mr. Kissane came before the committee regarding the tracker mortgage issue arising from that and other engagements with Mr. Hall and Mr. Burgess, some customers of the banks came forward, explained their cases to us, bared their souls and gave us a better insight into what was going on. Does Mr. Kissane have examples of cases that might do likewise in terms of the treatment customers...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

John McGuinness: Do we have any idea of the numbers who will be affected by this?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

John McGuinness: Is Mr. Burgess saying that there are 63,000 mortgages with the vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

John McGuinness: Is Mr. Burgess solely talking about the vulture funds? There are 95,000 in total and then it is broken down for us.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

John McGuinness: There are then 63,000 vulnerable.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

John McGuinness: Will Mr. Hall deal with two questions? First, is the question of switching. Will he deal with that first?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

John McGuinness: The second question was about how many people in Mr. Hall's organisation are with vulture funds.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

John McGuinness: Does Mr. Hall think some of the clients he deals with might come forward to the committee and share their experiences?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

John McGuinness: I want to return to consumer protection as a final point. Mr. Hall made a point in relation to that and the Central Bank. Where does he see the current structure failing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

John McGuinness: The committee will pursue that strenuously. I have one final question. I do not know who said that there is no safe haven for people who are in debt. Everyone is protected but there is no safe haven-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

John McGuinness: I thank the three witnesses for attending today and sharing their experience and views on these issues. I will ask them one last thing which is to link in with the clerk to the committee. If there are any people they are familiar with who would like to come in and share their views on vulture funds with the committee, I would like to hear them. To go back to Mr. Burgess's point, if the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

John McGuinness: I want to pick up one point before I go to Mr. Hall. Mr. Burgess has said that some of them might switch. My experience is that once they go to a bank and say they are with Pepper, that is it - the conversation ends there.

Written Answers — Department of Health: Hospital Services (1 Mar 2023)

John McGuinness: 169. To ask the Minister for Health the number of biopsy tests relative to cancer that were submitted to the laboratory at UHW for analysis from hospitals located in counties Kilkenny, Tipperary and Waterford in the period from September 2022 to January 2023; if all of the patients concerned were informed of their biopsy histology results within the optimum timeframe; if he will confirm the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

John McGuinness: Apologies have been received from Senator Higgins. Today's meeting is with officials from AIB to discuss the bank's debt write-down or debt resolution policy. We are joined by Mr. Jim O'Keeffe, Ms Paula Duffy, Ms Rachel Naughten and Mr. Tom Kinsella. They are very welcome. Some of their colleagues are in the Public Gallery. They, too, are welcome. Those present are reminded of the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

John McGuinness: Deputy Barry-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

John McGuinness: The information that has been requested relates to 2015 onwards and the information is already in the public domain. I think that Deputy Barry has said that AIB should have that information for the meeting today.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

John McGuinness: Deputy Barry understands that the figures for 2022 may not be available because of the accounts period of AIB. He is pressing AIB for historical information that is already in the public domain.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

John McGuinness: Deputy Barry left out the 1,900 cases and asked AIB how much was written down in the years 2015-18. AIB can give him that figure because it is in the accounts. Please give him those figures.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

John McGuinness: The Deputy is trying to be helpful.

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