Results 1,521-1,540 of 4,002 for speaker:Rose Conway Walsh

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Common Consolidated Corporate Tax Base: Discussion (25 Jan 2018)

Rose Conway Walsh: That is revealing in itself.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Common Consolidated Corporate Tax Base: Discussion (25 Jan 2018)

Rose Conway Walsh: This is very useful because it gives us great cause for concern. My colleague in the European Parliament, Matt Carthy MEP, has been very vocal on all of these issues. We have very genuine concerns about what people are attempting to do here. I do not know if Mr. Lamassoure has ever heard the expression "a pig in a poke" but we believe we are being sold this. He has not heard of it. I...

Seanad: Order of Business (30 Jan 2018)

Rose Conway Walsh: The first issue I will raise is that of flood defence barriers, in particular the length of time it is taking the Office of Public Works, OPW, to approve works that need to be done. It is absolutely unacceptable. Areas like Carraholly, Rosmindle and Kilmeena near Westport have been waiting since 2014. During the floods of 2014, the damage that was done there needed to be repaired...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: I thank Ms McDonagh for her presentation. Notwithstanding the fact that she only joined Bank of Ireland in recent months, she has a key role to play in answering as to why money was removed from the accounts of over 10,000 customers. That is the key point. People will find it astounding that, from what I am hearing, the bank got legal advice on its contractual obligations, which instructed...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: I just cannot figure out how the legal people did not pick this up. If somebody is looking at a contract and customers were contacting the bank at the time, I cannot understand how the legal team was not aware of it. We seek legal opinion all the time on different matters here. Why is it that none of the legal advisers said there was illegality and that the bank was going to do something...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: Does the bank have the same legal team?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: Does the bank have the same legal teams in place and does it use the same external legal advisers as it used during that period in 2009 and 2010?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: I am not going to get anywhere, but legal advice is fairly clear cut. Something is either legal or it is illegal. At the end of the day, the bank is going to be able to write this off against tax over the 20-year period in that it will not have profits there, so the citizen is going to end up paying for it. It is totally unacceptable. I hope none of the legal people who were involved...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: When does Ms McDonagh expect the review to be concluded?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: If the report finds that individuals have been responsible for this, will they be held individually to account?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: Has Ms McDonagh received a letter from the Central Bank reminding board members and senior executives of their responsibilities in regard to reporting any criminality that they may come across?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: When Bank of Ireland had 600 cases, it had identified four people who had lost their homes because of the tracker mortgage scandal. Now that 9,400 have been identified, how many homes would Ms McDonagh estimate have been lost?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: That is 14 families.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: That is absolutely disgraceful. Then I look at the figures for average compensation for those 14 people who have lost their homes. I think of the absolute trauma, distress and everything else of somebody losing their home.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: Does Bank of Ireland have those 14 houses in its possession now?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: If Bank of Ireland has one in its possession, where are the other 13 houses?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: How many of those were voluntary surrenders?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: There were not any court cases through the process. My God, did nobody in the bank, be it legal people, the chief executive or the board, say hold on and let us have a look at this anywhere along the line of repossessing someone's house?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: Does Ms McDonagh expect there to be more than 14?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: When this has been going on for years and years and the witness says "quickly and efficiently", it lacks credibility. I understand what Ms McDonagh is trying to do now. However, some of the language used around being "customer-centred", and all of that, really is hard for people to accept. Has the bank been contacted by any family where anybody has lost their life as a result of what has...