Results 24,941-24,960 of 26,711 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: I will wait for the Central Bank to come back to committee, but surely to God, the regulator has some sight of what is going on here. I ask it to bring us up to date with what is actually going on.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: It has not gone away and it is getting worse.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: What about the Belfry investments then?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: However, of course, not all of the Belfry investments have been covered. There are various schemes, including Belfry 1, 2, 3, 4 and 5. My understanding is that the bank has not covered all of the investments. I want to know what the Central Bank can do about that. Was it not surprised, now that we know that it had that sort of insight into the issue, that there were no documents? The...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: In quite a large number of cases-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: Is it not shocking when a bank-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: I cannot believe you are saying that. Documents are meant to be retained, particularly by a big bank like that. My understanding is that it claimed there was no documentation for a vast number of these cases, particularly a document that would refer to the compatibility of this particular product for the individual it was dealing with, yet the whistleblower had all the documents. I just...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: I am concerned about the balance of the Belfry investors and how they will be dealt with. I am concerned about the EBS. Ms Rowland can come back to us on both of those.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: Lack of paperwork.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: Yes, in terms of whether the person making the investment was fully informed, the investment was compatible with his finances and was given the knowledge around the investment itself.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: We will await your update.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: I refer to the sale of loans to vulture funds. In the case of the sale of a loan to a vulture fund, all of the paperwork and commitments regarding it goes to the vulture fund. If there is a decision in court that legal fees should be paid by the bank that sold the product, is it the bank or the vulture fund who pays? I presume it is the bank. The evidence I have is that in a number of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: The court decided this. The original bank-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: Has the Central Bank received many complaints from customers of banks who had their loans sold to vulture funds regarding how they are or have been treated? If they wrote to the Central Bank, how would it deal with those complaints? Does it register the number of complaints?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: Vulture funds.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: I attended a meeting of the Irish Banking Culture Board last week. I was shocked to hear Padraic Kissane tell me that some of the harrowing cases we heard at this committee at the very beginning of the tracker mortgage issue had still not been resolved. I know the Central Bank does not deal with individual cases. He was not dealing with individual cases, but the day they came before us...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: Could Ms Rowland tell the committee how many unresolved cases there are with respect to each of the banks? Does she know that figure? Does she know the figure of the cases still being dealt with by the ombudsman?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: I am referring to the ones who have not been dealt with.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: How many are in each of the banks?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: The witnesses can give us those figures.