Results 19,461-19,480 of 26,656 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Both.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Mr. Sibley mentioned in his opening remarks the report on community banking model here.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: I mean the Strategic Banking Corporation of Ireland, SBCI. What is that bank? Is it regulated by the Central Bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: The SBCI has the word "banking" in its title and handles a lot of taxpayers' money, in terms of the Government.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Does the Central Bank have any oversight on the SBCI whatsoever?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Even though the SBCI holds a sizeable amount of money. Has it lent €1 billion?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Mr. Sibley's opening statement dealt generally with stuff and did not really go into commentary on his view of the Government's report. Was that deliberate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Does Mr. Sibley think that the main pillar Irish banks are being protected by Government policy?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Does Mr. Sibley think that the banks are being protected to the exclusion of community banking initiatives such as Sparkassen or others?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Does Mr. Sibley think that there is room in the market for Sparkassen or the credit union to be enabled to contribute, in terms of economic activity, the €7 billion that they have with the mainstream banks?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Is that for access?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: SME businesses have told me that they find it impossible to get funding and often the only route open to them is the likes of group funding. I mean people who would come together, make available a sum of money and they test one out then in terms of one's business plan. That loan is then offered at a huge interest rate. That situation is damaging the economy and an SME sector that employs...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: And at a higher interest rate. If one goes to the bank now, if one has ever had any sort of blip in one's credit position one will not get money anywhere except on a market where one is paying massive interest rates. That is why the concept of a community bank or a credit union to examine a local application, or an application from a local business or whatever it might be, is hugely...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: I have seen SBCI applications being refused by a bank. The customer goes to the CRO, which finds in his or her favour but the bank still says "hump off, you are not getting a loan". We are talking here about community banking and the model already exists in the form of the credit union movement. Mr. Casey is the person in charge of credit unions, is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Why not sensibly expand that network and the ability to lend money through certain credit unions that have the management systems and knowledge in place? The network is there. Why not allow the credit unions to apply-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Is Mr. Casey confirming today that there is no regulation in place that would prevent them from lending the difference between their €90 million and their €900 million?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: What of mortgages?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: In terms of Mr. Casey's engagement with credit unions, do the credit unions seek direction or information on regulation from him? Does the registrar's office have conversations with credit unions that include suggesting methods of developing their businesses? Are the conversations open, with the aim of improving the credit union system?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: What is the Central Bank's view of the credit bureau? If a person's name is on the credit bureau list, lenders will not extend credit to him or her. How long does that last? Is there a way of dismantling some of that to allow for loans to be extended? Are the banks and credit unions sticking rigidly to it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Is the bank happy that a lender can make a decision, regardless of the background?