Results 2,421-2,440 of 26,433 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)
John McGuinness: What stage is that at?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)
John McGuinness: Is it months of months?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)
John McGuinness: That rule book must almost be prepared then.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)
John McGuinness: Is it possible to get a copy of that rule book?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)
John McGuinness: When will the final version be signed off?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)
John McGuinness: I have just found that quote from Mr. Bruen: "Refusing a business relationship with a person simply on the basis of them being a PEP is clearly contrary to the spirit of the regime." There are Members of the Dáil who have highlighted that particular aspect of this to me, and have said that when they were approached to invest in a company and went about doing it, there was no doubt...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)
John McGuinness: Does Mr. Bruen understand what I am saying?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)
John McGuinness: It delays the legitimate process.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)
John McGuinness: Then it creates doubt over their character.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)
John McGuinness: Another live question relates to financial institutions that are extremely reluctant to have anything to do with those who are described as PEPs. They would prefer if they did not open an account with them. Maybe I am wrong, but I think Deputy Durkan raised that issue at a previous meeting.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)
John McGuinness: The financial institutions do not want you if you are a PEP. That is a fact.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)
John McGuinness: Colleagues around the Houses have come to me because both Deputy Durkan and I have spoken publicly about this. We want to get this right, but the consequence of the decisions to date are such that they create fear regarding the description of a PEP, what people think of PEPs within banks and just with what is going on generally. The banks do not want the scrutiny and they do not want too...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)
John McGuinness: Every customer of an institution is not treated like a politically exposed person.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)
John McGuinness: Is there a question, Deputy?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)
John McGuinness: It has been amended since. I am talking about the final version of it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)
John McGuinness: Can Ms McVeigh tell us anything about the UK experience? UK banks are now charging politically exposed persons for the handling of their accounts.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)
John McGuinness: I would like her to check that out.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)
John McGuinness: UK banks may not be in the EU but facts are facts and they can charge significant amounts for handling the account of a politically exposed person because of the extra scrutiny and regard they have to give to the circumstances around it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)
John McGuinness: No, it is based on the level of management that they have to apply to an account. Colleagues in the UK told me about this and I asked them to come back to me with further information on it. If it starts happening there, it could very well begin to happen here and we have no control over these things.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)
John McGuinness: Look into it and get the information because-----