Results 17,101-17,120 of 26,653 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
John McGuinness: I think members have read it, so Mr. Byrne may wish to emphasise parts of it. All of it will be noted as part of the proceedings.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
John McGuinness: The witness is not going to answer that question today.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
John McGuinness: The witness is not going to give a name to the Deputy today.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
John McGuinness: I wish to discuss Mr. Byrne's opening statement, especially the line where he said:We must be keenly aware of the impact of our actions beyond the immediate economic environment and take into account issues with social consequences. To that end, we make our customers, our communities and the broader economy an integral part of all our planning and strategies. I have never seen such...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
John McGuinness: Do AIB customers who find themselves in the set of circumstances described by Mr. O'Keeffe still find it difficult to approach and engage with the bank? Is the bank still experiencing a non-engagement by a large number of people?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
John McGuinness: Is working with a third party something that will evolve over time? Will the bank continue to address the range of issues that come up under this heading?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
John McGuinness: The Housing Agency was offered 603 houses. Is there less engagement from the other banks? Is AIB the bank which has had the main engagement with the agency?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
John McGuinness: On the tracker front, earlier Mr. Byrne gave a figure for the cost of sorting this of approximately €180 million.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
John McGuinness: What was this for? What did the bank address with this figure? Is it compensation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
John McGuinness: Is there a breakdown of how the €180 million is expected to pan out, in terms of putting people back on tracker rates and as compensation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
John McGuinness: This includes addressing it and compensation.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
John McGuinness: Another issue, which arose through correspondence with the committee, caused me to look at the Central Bank's update on the examination of trackers. On pages 18 and 19 examples are given of issues identified as within scope and impacted as part of the examination. The first is the contractual issue resulting in loss of tracker product, and the second is transparency issues resulting in loss...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
John McGuinness: AIB will take these examples and state that beyond what is obvious it needs to look at these examples also.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
John McGuinness: All circumstances.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
John McGuinness: All circumstances of the individual cases within those examples.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
John McGuinness: Okay. Some of the correspondence we have received indicates to us that customers of AIB feel they are being excluded from consideration, but they are taking comfort from the fact that one of the examples gives them a reason to be considered. When we have this difference of opinion, who adjudicates on it within the bank? Is it a high-level-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
John McGuinness: By the time individual customers get to the end of all of these options, do many still feel they have been shortchanged, for want of a better word?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
John McGuinness: This is within the bank.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
John McGuinness: I understand that, but the process is there.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
John McGuinness: Customers exhaust all of this and then they can go-----