Results 19,141-19,160 of 26,656 for speaker:John McGuinness

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

John McGuinness: The argument put forward by the Minister suggests that the credit servicing firms should be regulated, when one considers what Deputy Michael McGrath said. The implication is a different form of regulation should be applied to the loan owners, excluding the credit element of the regulation for the credit servicing firms.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

John McGuinness: The point I would make to Deputy McGrath is that the credit servicing firms should remain regulated. We are talking about protecting the consumer further along the line down to loan owners.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

John McGuinness: There should be a pretty stiff regulation pertaining to those loan owners, excluding anything that might be said about credit and the context of retail credit firm regulations.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Message to Dáil (12 Jul 2018)

John McGuinness: In accordance with Standing Order 90, the following message will be sent to the Dáil:The Select Committee on Finance, Public Expenditure and Reform, and Taoiseach has completed its consideration of the Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018 and has made amendments thereto.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

John McGuinness: The banks appear before the committee but agents and consumers do not. Under what legislation must the banks appear before the committee? What is the role of the Central Bank in that regard?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

John McGuinness: What about other banks?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

John McGuinness: They do not have to appear.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

John McGuinness: It follows that agents and loan owners are not obliged to appear.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

John McGuinness: Is there a way to insist upon their appearance before the committee? May a party who deliberately avoids coming before the committee be obliged to appear under legislation, regulation or another method?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

John McGuinness: Is there another way to compel a witness to appear?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

John McGuinness: I ask that the Minister of State arrange for a note on the matter to be prepared for the committee. I do not understand how these companies and funds do not honour their obligation and responsibility in terms of transparency and accountability by appearing before the committee but still have access to the Department of Finance on a regular basis. I am trying to find out how that can be...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

John McGuinness: The refusal of such companies to appear is an insult to the committee and the Oireachtas. Is there a way for the Minister of State and the Minister for Finance, Deputy Donohoe, to make clear that that is not acceptable?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

John McGuinness: If such companies refuse to appear before the committee for the purposes of transparency and accountability, the only option is to use a Bill such as that put forward by Deputy Michael McGrath to ensure that the highest possible level of scrutiny is applied in terms of regulation.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

John McGuinness: The companies have a choice.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

John McGuinness: The committee also has a choice.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

John McGuinness: I hope that we will reflect on that, perhaps with the assistance of Deputy Michael McGrath, on Report Stage. I am deeply unhappy that these entities have total disregard for the Oireachtas in spite of the changes that might arise from the Bill. We make the laws. If the companies refuse to be accountable to the committee, I firmly believe regulation should make them far more formally...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

John McGuinness: I hope it will put manners on the vulture funds. The Minister of State was a member of the committee but now holds a very important position in the Department of Finance. I strongly encourage him to remember the people he represents and the damage done to many of them by vulture funds which completely disregard any form of consumer protection we put in place. It should be made clear that...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

John McGuinness: Deputy McGrath raised a very important point. Does the Minister of State think we will be here in the autumn?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee (26 Jul 2018)

John McGuinness: We will go into private session.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (26 Jul 2018)

John McGuinness: I wish to set out decisions on the scrutiny of EU proposals for the public record. The committee has agreed that EU proposal COM (2018) 372 warrants further scrutiny. The committee has also agreed that EU proposals COM (2018) 329, COM (2018) 341, COM (2018) 346, COM (2018) 349, COM (2018) 355, COM (2018) 387 and COM (2018) 474 do not warrant further scrutiny. I wish to record the...