Results 7,361-7,380 of 36,188 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bi-annual Review 2013: Financial Services Ombudsman (5 Mar 2014)
Pearse Doherty: -----which gave the ombudsman the power to name and shame the institutions to the public, I argued strongly that the Office of the Financial Services Ombudsman should be able to issue a report regarding the naming and shaming. That report would give the public information as to what AIB, Bank of Ireland or any other financial institution might be doing. I offered the example of a bank which...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bi-annual Review 2013: Financial Services Ombudsman (5 Mar 2014)
Pearse Doherty: This is the last part.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bi-annual Review 2013: Financial Services Ombudsman (5 Mar 2014)
Pearse Doherty: He inserted the words "and the different descriptions of those complaints". To date, the ombudsman has not given a description as was suggested and which was the reason for the inclusion of that amendment. He has not given a description of any complaint, aside from the category into which it falls. Why is that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bi-annual Review 2013: Financial Services Ombudsman (5 Mar 2014)
Pearse Doherty: Did that come from the ombudsman's office?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bi-annual Review 2013: Financial Services Ombudsman (5 Mar 2014)
Pearse Doherty: There is an appeal in respect of tracker mortgagers, independent of the Office of the Financial Services Ombudsman. I know from referring people that adjudications from the office of the Financial Services Ombudsman are in limbo until that appeal takes place. How many tracker mortgage cases would be awaiting the outcome of the appeal?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bi-annual Review 2013: Financial Services Ombudsman (5 Mar 2014)
Pearse Doherty: Do most of them come from the same institution?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bi-annual Review 2013: Financial Services Ombudsman (5 Mar 2014)
Pearse Doherty: It is, therefore, Permanent TSB and there 60 or 65 tracker mortgage cases. I note from one of the examples, partially upheld, which was just about the processes, the substance was not upheld and that the compensation was €300. It was said earlier that the Financial Services Ombudsman is a powerful institution which can impose penalties of up to €0.25 million. How is...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bi-annual Review 2013: Financial Services Ombudsman (5 Mar 2014)
Pearse Doherty: Okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bi-annual Review 2013: Financial Services Ombudsman (5 Mar 2014)
Pearse Doherty: How many companies have been affected by the three strike rule?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bi-annual Review 2013: Financial Services Ombudsman (5 Mar 2014)
Pearse Doherty: Would it be preferable if the number were reduced to one, given that in the executive summary the witnesses have mentioned the name and shame rule - that is not what it is officially called - has assisted the office but, more important, has assisted consumers because they are afraid of it and, obviously, are dealing better with the issues? Would that be of more assistance from the office's...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bi-annual Review 2013: Financial Services Ombudsman (5 Mar 2014)
Pearse Doherty: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bi-annual Review 2013: Financial Services Ombudsman (5 Mar 2014)
Pearse Doherty: Can I ask a final question which follows on from what the Chairman and I started with? Does the Financial Services Ombudsman Council still exist?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bi-annual Review 2013: Financial Services Ombudsman (5 Mar 2014)
Pearse Doherty: Are the original members appointed in 2008 still in place?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bi-annual Review 2013: Financial Services Ombudsman (5 Mar 2014)
Pearse Doherty: The organisation's website "About Us" shows that appointment in 2008 is only for a five year term, which would mean the term would have been up in October 2013. I do not see any reference to new appointees replacing the five who were appointed in 2008. They should have been allowed to remain in those positions for only five years.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bi-annual Review 2013: Financial Services Ombudsman (5 Mar 2014)
Pearse Doherty: Were all five individuals replaced?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bi-annual Review 2013: Financial Services Ombudsman (5 Mar 2014)
Pearse Doherty: The law setting up the council provides that a member of the council will hold office for a period not exceeding five years.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bi-annual Review 2013: Financial Services Ombudsman (5 Mar 2014)
Pearse Doherty: Why are the original five still on the council given that they were appointed on 29 October 2008?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bi-annual Review 2013: Financial Services Ombudsman (5 Mar 2014)
Pearse Doherty: How are those two members still on the original council, given the section I have just read out?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bi-annual Review 2013: Financial Services Ombudsman (5 Mar 2014)
Pearse Doherty: So they have been reappointed. That is fine. We were talking about the issue, for which I argued forcefully and which was accepted by the Government, that a description of the upheld claim could be given by the Financial Services Ombudsman. Mr. Prasifka said the office is statutorily debarred from doing that. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bi-annual Review 2013: Financial Services Ombudsman (5 Mar 2014)
Pearse Doherty: The Financial Services Ombudsman is not permitted to provide a description as contained in the original legislation.