Results 24,961-24,980 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 come back to Mr. Makhlouf on that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: So the witnesses will come back to me with the numbers 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: Yes, I will. Mr. Makhlouf wrote to the committee arising from an issue I raised with the Central Bank about accounting standards. Are the witnesses satisfied that these standards are being met? Sorry, are they satisfied that the accountancy bodies are ensuring that their members are using the standards and regulations set down by the European Union and they are not being advised to do...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: Mr. Makhlouf was satisfied then. I am asking whether he is satisfied now that there is no evidence that the accountancy firms are giving advice contrary to European regulations.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: But Mr. Makhlouf will check?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: Because this is a recent complaint that I have received.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: I can, yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: Pepper has 80,000 mortgages. It is one of the biggest mortgage holders of private houses. We are told there is a wide range of options on offer from the vulture funds to deal with issues of the customer not being able to pay. However, my information – again, I can send the witnesses individual cases – is that they are still being treated badly. Some of the range of options...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: Does the Central Bank get individual complaints regarding vulture funds? I think I asked Ms Rowland this already.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: I am sure the members would agree that we should contact the vulture funds again on foot of what the Minister for Finance has told them, issue the invitation and see would they come before us. That might be a way.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: I mention two other things. On the bank IT glitches, are the systems robust enough now to withstand further IT glitches?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: Does that include hacking?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: The last matter I want to bring to the witnesses' attention-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: The last issue I want to mention to the witnesses is the politically exposed person, PEP. The committee has just completed a report, which will be published later, on the PEPs issue. Deputies are subjected to it, as are the staff in our offices, and then on to family members and extended family members and so on. As soon as banks hear you are a public representative, it is like it is a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: I know that, yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: Therefore, the Central Bank is just overseeing what someone else has written. Is that right? Is that fair to say?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: Does Ms Rowland think that the general purpose of PEPs should be extended to all citizens of the country?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: I am just finishing a report from the committee, yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: I call Deputy Durkan.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)
John McGuinness: I thank the witnesses for their appearance and for their frank exchange on the many issues we have. We went on a bit longer than usual, but it is our first day back and we are full of enthusiasm. That will wane over time.