Results 2,461-2,480 of 4,002 for speaker:Rose Conway Walsh

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: I am not going to get anywhere, but legal advice is fairly clear cut. Something is either legal or it is illegal. At the end of the day, the bank is going to be able to write this off against tax over the 20-year period in that it will not have profits there, so the citizen is going to end up paying for it. It is totally unacceptable. I hope none of the legal people who were involved...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: When does Ms McDonagh expect the review to be concluded?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: If the report finds that individuals have been responsible for this, will they be held individually to account?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: Has Ms McDonagh received a letter from the Central Bank reminding board members and senior executives of their responsibilities in regard to reporting any criminality that they may come across?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: When Bank of Ireland had 600 cases, it had identified four people who had lost their homes because of the tracker mortgage scandal. Now that 9,400 have been identified, how many homes would Ms McDonagh estimate have been lost?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: That is 14 families.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: That is absolutely disgraceful. Then I look at the figures for average compensation for those 14 people who have lost their homes. I think of the absolute trauma, distress and everything else of somebody losing their home.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: Does Bank of Ireland have those 14 houses in its possession now?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: If Bank of Ireland has one in its possession, where are the other 13 houses?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: How many of those were voluntary surrenders?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: There were not any court cases through the process. My God, did nobody in the bank, be it legal people, the chief executive or the board, say hold on and let us have a look at this anywhere along the line of repossessing someone's house?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: Does Ms McDonagh expect there to be more than 14?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: When this has been going on for years and years and the witness says "quickly and efficiently", it lacks credibility. I understand what Ms McDonagh is trying to do now. However, some of the language used around being "customer-centred", and all of that, really is hard for people to accept. Has the bank been contacted by any family where anybody has lost their life as a result of what has...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: I have to move on, but I find it very distressing that this systematic robbery has happened across the board and nobody anywhere noticed. I refer to people getting paid multitudes of pensions. The mind boggles. It is criminal. There is no other word for it. On the buy-to-let mortgages that were in arrears and the 1% surcharge, does Ms McDonagh admit that, as a matter routine, Bank of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: Is the bank going to end this policy, which in a way has been condemned by the Central Bank, the Financial Services and Pensions Ombudsman and the Minister for Finance?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: The witness cannot tell us today that the bank will end it even though he has heard what I said.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: Has it been included in the tracker review?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: I find it quite staggering that the bank is going to continue on regardless. That is why I talk about the language. The witnesses say that everything will be different from now on, the culture will change, it is customer-centred and the like, yet the Central Bank, the regulatory body, is saying what I just outlined. The Central Bank, the Financial Services and Pensions Ombudsman and the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

Rose Conway Walsh: This is very clearly the exploitation of vulnerable customers. There is no other word for it. I ask the witnesses, as a member of the committee and on behalf of the other members, to end that policy. Take the advice of the Central Bank, the Financial Services and Pensions Ombudsman, the Minister for Finance and this committee to end that practice.

Seanad: Order of Business (30 Jan 2018)

Rose Conway Walsh: The first issue I will raise is that of flood defence barriers, in particular the length of time it is taking the Office of Public Works, OPW, to approve works that need to be done. It is absolutely unacceptable. Areas like Carraholly, Rosmindle and Kilmeena near Westport have been waiting since 2014. During the floods of 2014, the damage that was done there needed to be repaired...