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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

John McGuinness: I remind Deputy McNamara, we have an agreement that we will finish at 6 p.m.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

John McGuinness: We have representatives of another bank waiting outside.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

John McGuinness: But we are due to finish at 6 p.m. I will allow one more question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

John McGuinness: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

John McGuinness: I thank Mr. Kelly for clarifying that issue. We will wait and see what developments emerge in the future. We do not expect anything to happen in the short or mid term on ATMs.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

John McGuinness: The taking away of the ATM service.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

John McGuinness: Bank of Ireland made a submission, presumably on the future of banking.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

John McGuinness: Could we have a copy of that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

John McGuinness: We want your views on the future of banking in a general way in order that we can undertake to examine the report when it finally issues.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

John McGuinness: In the context of personal insolvency practitioners, PIPs, does Bank of Ireland open accounts for them? I received correspondence to indicate that PIPs who are representing clients are required to open accounts and are not being facilitated by Bank of Ireland.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

John McGuinness: Mr. Casey answered the complaint. He was the investigator. The complaint regarded the availability of this service. They are obliged to do it under legislation. Why has it not happened? Will Mr. Kelly check out the branch? I am sure Mr. Casey is aware of it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

John McGuinness: I will send Mr. Kelly a copy of the email I received.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

John McGuinness: I mentioned to Mr. Kelly privately the case brought before us involving Tony Lawlor, who explained his circumstances publicly to the committee. As I said earlier, I am completely dissatisfied at the manner in which this has not been resolved and anxious to be able to meet with the bank to discuss Mr. Lawlor's circumstances and to try and reach a conclusion. Because he gave his evidence...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

John McGuinness: I welcome the representatives of PTSB, Mr. Eamonn Crowley and Mr. Patrick Farrell, along with their colleague in the Gallery, to our third session. I ask that mobile phones be switched off. I draw the attention of witnesses and Members to the fact that the evidence they give to the committee is covered by privilege. If they are on the Leinster House campus, they have full privilege....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

John McGuinness: Will the witnesses talk us through their branch network numbers and ATMs? We have heard nothing but closures from AIB and Bank of Ireland. Will they also refer to the changeover with KBC, Ulster and so on?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

John McGuinness: Presumably that is because of the customer base the bank has. Is it getting feedback from customers that they prefer the ATM and face-to-face meetings in banks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

John McGuinness: Permanent TSB made a submission on the future of banking. I ask, as I asked Bank of Ireland and AIB, if we could have a copy of that submission.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

John McGuinness: We want to get an overview on what the banks feel about the future before the final report is published.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

John McGuinness: You are asking for trouble now.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

John McGuinness: Thank you. I call Deputy Doherty.

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