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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: There are people who are deemed not to have been impacted on by the tracker mortgage debacle who have had to take their cases to the Financial Services and Pensions Ombudsman because there is confusion on what the standard variable rate was and what the tracker rate was.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: KBC does have a disagreement with individuals who are having their cases examined.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: If the rate is linked with the ECB rate, does that not make it a tracker rate? The ECB rate is being tracked for that element of the loan.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: At the time KBC offered a fixed rate, a variable rate and a mix and match of the two. Is that right?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: Will Mr. D'Arcy explain to me again the difference between the tracker rate and the standard variable rate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: If the rate was linked with the ECB rate, it would have been a tracker rate. Is that so?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: I want to talk to the delegates about lending. The mortgages of many people I come across have been sold. They might have good loan-to-value ratios, but they are not being allowed any other finance. What is KBC's policy when dealing with customers who have had their loans sold and have healthy portfolios? What is its treatment of such customers?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: Can Ms Deering say with certainty that there is no policy or written communication within the bank on how anyone whose loan has been sold should be treated?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: While there have been some reductions in the fixed rates on offer, KBC's standard variable rates remain stubbornly high. We have seen this with other banks too, whereby customers are encouraged to move to a fixed rate. Obviously, they should do so where they can, but there is a danger that banks are effectively removing the choice of a variable rate from customers in the long term. Is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: No. I ask Mr. Roebben in his new role - and I wish him well with it - to look at the prevailing rates again and what was happening in 2000 and 2006 and people's contracts at that time. I believe there is an issue there with the prevailing rates and what was described as a tracker rate and what was described as a standard variable rate. I ask Mr. Roebben to look at this issue.

Joint Oireachtas Committee on Health: Quarterly Update on Health Issues: Discussion (22 May 2019)

Rose Conway Walsh: If the Chairman does not mind, I will get an immediate response to each of my questions rather than piling them all together. I will do my best to conclude in ten minutes if I get short answers. I also wish Mr. Reid well in his new appointment. I hope he can make the changes that are needed to be made. Deputy Donnelly raised the issue of Spinraza and I have two follow-on questions on...

Joint Oireachtas Committee on Health: Quarterly Update on Health Issues: Discussion (22 May 2019)

Rose Conway Walsh: I understand what happened before last week but I need specific answers. The HSE met last Thursday.

Joint Oireachtas Committee on Health: Quarterly Update on Health Issues: Discussion (22 May 2019)

Rose Conway Walsh: I am fully up to speed with that. What is the next step?

Joint Oireachtas Committee on Health: Quarterly Update on Health Issues: Discussion (22 May 2019)

Rose Conway Walsh: The committee rejected it last Thursday.

Joint Oireachtas Committee on Health: Quarterly Update on Health Issues: Discussion (22 May 2019)

Rose Conway Walsh: That is huge. Has it been communicated to the families that Spinraza was rejected on Thursday?

Joint Oireachtas Committee on Health: Quarterly Update on Health Issues: Discussion (22 May 2019)

Rose Conway Walsh: Yes.

Joint Oireachtas Committee on Health: Quarterly Update on Health Issues: Discussion (22 May 2019)

Rose Conway Walsh: Our guests are aware of the ruling in Britain last week. Did they take that into account? Was the HSE getting the same deal as the NHS is getting in Britain?

Joint Oireachtas Committee on Health: Quarterly Update on Health Issues: Discussion (22 May 2019)

Rose Conway Walsh: Except Estonia.

Joint Oireachtas Committee on Health: Quarterly Update on Health Issues: Discussion (22 May 2019)

Rose Conway Walsh: I am shocked by this.

Joint Oireachtas Committee on Health: Quarterly Update on Health Issues: Discussion (22 May 2019)

Rose Conway Walsh: I understand that. Is the same price being offered to this State as was offered to the NHS when it made its decision?

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