Results 2,421-2,440 of 26,398 for speaker:John McGuinness

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

John McGuinness: At our private session earlier today, we approved the minutes of our meeting of 14 September. We are now joined by the Minister, Deputy Donohoe, and his officials, who are very welcome. The purpose of today's meeting is to discuss banking issues, following on from the meeting we had last week with representatives of the main banks. I remind attendees that the evidence of persons...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

John McGuinness: I thank Deputy Pearse Doherty. The technology is failing Senator Maria Byrne; we cannot hear her. We will take Deputy Durkan while the Senator tries to rectify things at her end.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

John McGuinness: I have some questions I want to ask. Before I do, I want to remind everyone of what was said by the Central Bank in its headings regarding its key findings. It said that AIB: Failed to consider the entitlements of customers when it withdrew the tracker mortgage product ... Breached customers' mortgage contracts, delayed in rectifying the breach, and failed to take immediate and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

John McGuinness: I hope the Minister knows that it is this type of carry-on, and the carry-on of the respective bodies that I have mentioned which have failed to do what they should be doing, that actually gives the whole political system a bad name. I heard the Minister's reply in relation to EBS. I will continue to pursue the matter. The committee decided earlier that we will invite in some EBS tied...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

John McGuinness: I have not commented on the work of the Central Bank or, indeed, the man in charge of AIB. I am talking about the general culture, and the fact that at the end of the day, someone is responsible for it. It has to be asked why no individual has been held to account, in spite of all of the destruction that all of the banks involved brought on the people of this country, who are supposed to be...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

John McGuinness: There was not.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

John McGuinness: I am speaking about what was there then.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

John McGuinness: I may not be representing myself properly but I have to say to the Minister that what was going on then was unacceptable but it would be still going on if it were not for the courageous efforts of those who had tracker mortgages to put their personal lives out into the public domain, and to explain what was going on.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

John McGuinness: I would still go back and say that during the peak of this, people lost their homes but no one lost their job. It is astonishing, with time, when one can read and look at this-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

John McGuinness: -----and digest what happened to people. Alongside that, when one reads the Central Bank commentary, one understands that actually nothing happened in the bank. Nobody within the bank who was of a senior position decided that this happened on his or her watch and that he or she should go, or decided that a particular person did something wrong and that person should go. Nothing like that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

John McGuinness: I am going to engage with that Bill because we will probably do pre-legislative scrutiny on it, with all that entails.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

John McGuinness: My apologies, Second Stage.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

John McGuinness: Touching on vulture funds then again, there may be a need within that Bill to reach out to make them more accountable, to this House at least, so we can question them because they refuse to come in. I ask that the Minister might look at the various digital platforms that are there for people to take up these accounts, as some of the companies offering the accounts are not regulated here in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

John McGuinness: My last question relates to Revenue and to a particular case that was heard here at the Committee on Finance, Public Expenditure and Reform, and Taoiseach perhaps during the previous Dáil term. That is to do with a complaint made by an man named Alo Mohan and a meeting with the Revenue present, where two principal officers were apparently in attendance on 25 August 2017. I understand...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

John McGuinness: The Minister referred to two sections, one in the Department of Justice and another in the Department of Finance, that deal with fraud, money laundering and so on. I picked up on it because we are carrying out a review or analysis of the politically exposed persons, PEP, legislation. Is there a section that deals with that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

John McGuinness: The next issue relates to insolvency. We had a number of complaints from people and I have put this question to the banks, so I will put it to the Minister now. In the context of insolvency, people are finding it difficult to open accounts with banks on behalf of the clients of a practitioner. Both AIB and Bank of Ireland indicated they would investigate why that is the case. Perhaps in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

John McGuinness: That will save the Deputy from raising the matter at the parliamentary party meeting this evening.