Results 1,481-1,500 of 4,002 for speaker:Rose Conway Walsh

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: That fits in with what I was going to say.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: Those stories will increase as the number of attempted repossessions increase. Is the Central Bank satisfied that there are no attempts to repossess the homes of people involved in the tracker mortgage debacle?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: It was said earlier that originators were responsible for tracker mortgages even when they were sold off. Why does that not happen across the board?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: Will there be any difference between how the current and former board members of banks will be treated? I am glad the Central Bank is reminding board members of their responsibilities to identify criminality. Many of those former members will have big pensions. Are they out of the system now?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: I cannot conclude without asking the witnesses whether they think the culture in the banks has changed. They will be familiar with the geography of Mayo, where there is often a 50-mile round trip to nearest bank, but I was alarmed to hear of a story over Christmas of someone who went to their own bank to take money out, only to be told they could not do so and would have to come back another...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: It may require further taxation or levies on banks to be given to local post offices and credit unions to support them for the services they give to communities which are otherwise excluded from financial services.

Seanad: Order of Business (23 Jan 2018)

Rose Conway Walsh: I wish to extend my congratulations to the 2018 Mayo person of the year, Sr. Maureen Lally. It is a well-deserved award. I have known Sr. Maureen well for many years. She has worked tirelessly to empower communities throughout Mayo as well as with individuals to enable them to fulfil their capacity. She is an absolutely wonderful person and a well-deserved recipient. The Mayo young...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Rose Conway Walsh: I thank Mr. Byrne for his presentation. Obviously, when the decisions were being made originally, the bank sought legal advice as to whether it could end the contracts and what its contractual obligations would be. It sought legal advice specifically.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Rose Conway Walsh: Yes, but that would have been done on the back of legal advice because with any situation where there are contracts involved, one obviously checks them against the contracts.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Rose Conway Walsh: The fact that legal advice was not sought is astonishing. That is the first thing anybody would do in terms of changing somebody's contract or looking at somebody's contractual obligations. It is absolutely astonishing. I have a question about the 4,000 people who had the contractual right to a tracker. Why are they different? Why are they not getting full redress and compensation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Rose Conway Walsh: The fact that an amount is taken and there is no compensation or redress for them is grossly unfair.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Rose Conway Walsh: Sorry?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Rose Conway Walsh: No, but there was a contractual obligation, as Mr. Byrne said himself when he described them. Have we been given a list of the 30 different customer groupings that AIB examined in the first instance to see whether they were entitled to compensation or redress?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Rose Conway Walsh: Can Mr. Byrne submit that to us so we can have a look at it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Rose Conway Walsh: Has AIB received a letter from the Central Bank about the responsibility for senior management of the banks to report to the Garda if it sees a violation of the regulatory code?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Rose Conway Walsh: Has AIB submitted any reports to the Garda on the back of that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Rose Conway Walsh: Is Mr. Byrne concerned about the significant legal obligations? Does he think any of the banks are concerned about the significant legal obligations about which the Central Bank spoke the last day regarding potential breaches?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Rose Conway Walsh: How can people going into an AIB branch today be sure they are getting the right product for them? Will Mr. Byrne explain to us how the culture within the banks has changed so that this will never happen again?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Rose Conway Walsh: Mr. Byrne has said that 500 people are currently working on tracker mortgages. Were they recruited from outside of the bank? Did those people already work for the bank but were assigned to this new role? What will happen to them when this tracker issue is sorted out?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)

Rose Conway Walsh: How much has been invested in the IT system in the past couple of years?