Results 2,901-2,920 of 26,398 for speaker:John McGuinness

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (30 Mar 2022)

John McGuinness: Before I call Deputy Mairéad Farrell, I have five Deputies offering and we are due to end this session of the meeting at 3 p.m. and to have a short break before the next session. Members should bear in mind that we will have to suspend around 3 p.m., at which point we will have a break.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (30 Mar 2022)

John McGuinness: I ask Mr. Makhlouf to be as brief as possible.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (30 Mar 2022)

John McGuinness: If that is agreeable to members.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (30 Mar 2022)

John McGuinness: I will come to the Senator first in the next session.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (30 Mar 2022)

John McGuinness: Okay.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (30 Mar 2022)

John McGuinness: Does Deputy Nash want to come in now?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (30 Mar 2022)

John McGuinness: I am sorry but I must call Deputy Tóibín.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (30 Mar 2022)

John McGuinness: Is that a question?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (30 Mar 2022)

John McGuinness: To those who have been cut short at the end of this session, if they wish to come in first in the next session, I can accommodate that, because I am now going to abuse my position as Chairman and ask a few questions. Perhaps the witnesses can respond in writing. I do not want to delay the meeting. In response to Deputy O'Callaghan, it was mentioned that credit unions are not anything like...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (30 Mar 2022)

John McGuinness: Mr. Makhlouf might come back and defend me in the next session.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (30 Mar 2022)

John McGuinness: That will not exclude Mr. Makhlouf from giving me a detailed response.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (30 Mar 2022)

John McGuinness: That is grand. We will suspend for ten minutes and come back. I thank Mr. Makhlouf and his officials for attending. May I acknowledge the Kilkenny constituent in the Gallery, Mr. O'Reilly. He is welcome and I hope he enjoys the proceedings.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (30 Mar 2022)

John McGuinness: I welcome the officials from the Central Bank, Mr. Cross, Ms McMunn and Mr. Kincaid. The procedure is that there will be an opening statement and the members will then ask questions. In our previous session, some members were cut short, so I will ask Deputy Ged Nash to begin the questioning. I call Mr. Cross to make his opening statement.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (30 Mar 2022)

John McGuinness: Thank you. I call Deputy Tóibín.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (30 Mar 2022)

John McGuinness: I understand Deputy Durkan has a short question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (30 Mar 2022)

John McGuinness: Unfortunately, the sound quality of Deputy Durkan’s remote connection is very poor and we could not hear the question, but we have to move on. I have a question relating to the Educational Building Society, EBS, tied agent issue, which was the subject of a court case. Has the Central Bank examined the outcome? It is a closed deal, with just one individual. What role will the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (30 Mar 2022)

John McGuinness: I do because we are caught for time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (30 Mar 2022)

John McGuinness: Mr. Kincaid said that most of the tracker mortgages that were considered as part of that investigation are concluded. That is not so from my perspective. I have come across a great many tracker mortgage issues where the bank has simply dragged its heels and has not resolved the issues. That is why they are still in dispute. That is why I bring it up here. The tracker mortgage scandal, in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (30 Mar 2022)

John McGuinness: I am sorry but we have to conclude the meeting because of the arrangements in the House. On the EBS question, it was not good enough that a bank would settle with one agent and not with the others and would use the court case to close down everything else. I understand there may be a mediation process but I would say to the Central Bank that I believe it has a role here and I will continue...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Bretton Woods Agreements (Amendment) Bill 2022: Committee Stage (30 Mar 2022)

John McGuinness: I welcome the Minister of State, Deputy Fleming, and his officials. I remind members of the notice on privilege. They should not comment on or criticise anyone by name or in such a way as to make him or her identifiable. We are now dealing with the Bretton Woods Agreements (Amendment) Bill 2022. Does the Minister of State wish to make an opening statement?