Results 2,521-2,540 of 4,002 for speaker:Rose Conway Walsh

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: When the Central Bank was examining the tracker mortgage situation, did it examine the cases of the new people who took out mortgages at the time in question to determine whether enough information was made available to them and whether there was enough transparency? On the basis of the Central Bank's consumer protection role, do our guests believe that those customers were given the best...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: I understand that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: Can the delegates say conclusively that anyone who took out a new mortgage when tracker mortgages were available is not entitled to be included in the compensation arrangement?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: Exactly.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: I understand but just want clarity for the people who believed they were not sold the right product at the time or should have been sold a product that best suited their needs. That is all. I just want a "Yes" or "No" on that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: I understand.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: We are not going to get any further with that today. Let me refer to the Page v.PTSB case in Roscommon a few months ago. Are our guests aware of it? The customer was not offered the choice of the tracker when the fixed rate finished. The fixed rate had been 5.99%. PTSB settled out of court. In this regard, consider the cases of the 4,000 AIB customers who were given a fixed amount of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: May I ask for Professor Lane's opinion on such cases? Some can afford to go to court while others cannot. How important is the class-action legislation, particularly with regard to the tracker mortgage scandal?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: Since Professor Lane worked in other jurisdictions, could he give an opinion on it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: I would expect more of these cases to go through the courts and for people to be following them to find out what is offered in terms of settlement by the lenders. Is there a time limit to the taking of cases?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: I understand that and I think the options available were well-communicated to people. I welcome, as stated in the report, that the Central Bank proposes to do on-site inspections. Will they be announced inspections?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: Has the bank carried out any unannounced inspections?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: Does it intend to do unannounced inspections and if not, why not?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: In regard to the investigations carried out thus far, is Ms Rowland satisfied that all the documents she requested were made available to her and that no documents were concealed and so on?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: It was related to that. What is ironic about all this is that ultimately citizens will pay because of the generous tax write-offs of which each of the banks is in receipt. They will be able to write-off all the costs, the redress and compensation over a 20-year period. Is that true?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: So unless there is individual accountability, in the long term there is no pain to the banks.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: The Chair has kindly asked many of the questions I wished to pose. If a person has gone to the ombudsman and there has been a ruling on a disagreement, for example, between the Central Bank and the bank, can that person then return to the ombudsman? Once the ombudsman has ruled, can a person return to it? For example, if the Central Bank and the bank do not agree on a matter and it goes to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: A person can go through the process a second time if new information comes to light.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Rose Conway Walsh: That is clear enough. I very much welcome that the witnesses have publicly said that the vulture funds should come before this committee because I found it extremely worrying that they were refusing to so do. I note one item of correspondence from a vulture fund that says it is in constant contact with the Central Bank and is regulated accordingly. Are the witnesses happy with the way...