Results 4,741-4,760 of 16,492 for speaker:Ciarán Lynch

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: What if one uses the ATM in the same bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: Is there a measurable difference between using an ATM and going to the counter?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: Bearing in mind Deputy Spring's question, if I walk up to AIB on Douglas Road in Cork, or Rock Street in Tralee, will I be told it will cost more to carry out an over-the-counter transaction? That is what Deputy Spring was asking.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: We will hear the answer to Deputy Spring's final question and then move on to Deputy Stephen Donnelly.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: I remind members that an ISME representative is before the committee also. Mr. Fielding may be feeling a little lonely at present.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: Deputy Mathews has ten minutes and has used up seven of them. I am giving him notification of that in case he wishes to allow the witnesses to respond.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: Deputy Donnelly has two minutes left and then I shall call Deputy Creed. I shall allow Deputy Donnelly back in later but I want to ensure that everyone gets their allocated time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: I will allow the Deputy in again later and I call Deputy Creed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: I have a question for Mr. Fielding and Mr. Sheridan. I refer to the upcoming implementation of the single euro payments area, SEPA. This is a standardised electronic payments system across 32 associated countries of the SEPA region. The purpose is to allow transactions on a major contract by a company that may have people working in Britain or other countries. I was in Turkey last week,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: Is it a universal charge rather than no charge?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: Perhaps the Central Bank can give the committee a rundown of where banks in this country are in respect of the implementation of the standard electronic payment system. Are system protocols and software systems in place to fit into the system when it comes online later in the year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: Can Mr. Sheridan provide us with a progress report on the banks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: Mr. Fielding deals with the other side of the issue, the businesses. Recent media reports indicate 40% of companies in Ireland have not yet started preparing for SEPA. That is a concern.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: Some 40% of companies have yet to start and some 15% of SMEs are fully prepared for the system. Is Mr. Fielding saying there will be promotion over the coming months?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: To assist the promotion that ISME is carrying out, along with agencies such as Retail Excellence Ireland, IBEC and other companies, does the State need to do something at official level to facilitate knowledge about it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: I will return to two separate issues before inviting Deputy Donnelly to speak. I refer to charging and the general operation of banks. In France, if one offers a €50 note at the local cafe or grocery shop, people look at you as if you have two heads. ATMs, or drink links as they are called, issue denominations of €5 or €10 whereas the standard procedure here seems to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: There is an argument that one should take out the greatest sum of money possible because there is a cost every time one uses the ATM. We do not want a situation where €20 gets gobbled up on transactions involving €5 or €10. Surely there must be a system of adaptation with regard to the existing system.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: When could we expect to see notes of €10 and €20 denominations being issued as standard when people go to an ATM machine and request €50?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: In more and more cases, online payments are made to social welfare recipients and old age pensioners. The idea of having €19.99 locked away until one lodges another €1 to the account to be able to withdraw €20 is a problem. Mr. Sheridan mentioned that 11 or more charges this year have been approved partially, provisionally or in full. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: What criteria were used to approve these charges? Will Mr. Sheridan elaborate on the adjudication process that was used to approve them?