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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Ombudsman and Information Commissioner: Commissioner Designate (9 Dec 2021)

John McGuinness: Earlier, Mr. Deering stated: "I believe a society should be judged by the way it treats its most vulnerable members." Society includes Government as well. Government has a duty of care to its people, which it does not exercise very well. That brings me to culture. Mr. Deering stated that he does not believe it is an issue solely to do with culture. I happen to disagree with that. I will...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Ombudsman and Information Commissioner: Commissioner Designate (9 Dec 2021)

John McGuinness: I thank Mr. Deering for that response. It will be a comfort to those listening in today to know that at least someone recognises this. I hope that those within the service that inflict pain on and disrupt these people's lives will recognise that change is absolutely needed and is being encouraged. In Mr. Deering, we have someone who will champion the change that is necessary to bring about...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Ombudsman and Information Commissioner: Commissioner Designate (9 Dec 2021)

John McGuinness: I thank the Deputy. The committee has now had a fulsome engagement with Mr. Deering and will now send a message to the Clerks of the Dáil and the Seanad indicating that the Joint Committee on Finance Public Expenditure and Reform, and Taoiseach, has completed its consideration of the motion and recommends Mr. Ger Deering for appointment by the President, to be the Ombudsman and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Ombudsman and Information Commissioner: Commissioner Designate (9 Dec 2021)

John McGuinness: With regard to the asylum and immigration processes, again reflecting on my work as a constituency representative, I have monitored a number of cases that have been just allowed to linger on within the system with opportunity lost, and a life poorly spent because of the State not being efficient enough to allow the individual to work at whatever age that person might be. I have seen another...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Central Bank (8 Dec 2021)

John McGuinness: I wish to confirm that the minutes of our meeting on 24 November, 2021 were agreed at our recent private meeting. We are joined today by representatives from the Central Bank to discuss insurance. With us are Mr. Gerry Cross, director of financial regulation policy and risk, Mr. Donal Cullinane, director of insurance supervision and Dr. Mark Cassidy, director of economics and statistics...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Central Bank (8 Dec 2021)

John McGuinness: Would Mr. Cross like to respond?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Central Bank (8 Dec 2021)

John McGuinness: Deputy Durkan's microphone is on mute.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Central Bank (8 Dec 2021)

John McGuinness: We have to conclude shortly as we have another meeting with a bank. I ask members to bear that in mind.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Central Bank (8 Dec 2021)

John McGuinness: We have to conclude.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Central Bank (8 Dec 2021)

John McGuinness: I ask Mr. Cross for a short answer, if possible. For the parts of the question to which he cannot or does not have time to respond, I ask him to correspond with the committee, because we were due to finish at 3 p.m. for another meeting.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Central Bank (8 Dec 2021)

John McGuinness: I have to cut across Mr. Cross. If he needs to answer any other issues, I ask that he communicates with the committee. The meeting will be suspended for five minutes, until we introduce Ulster Bank. I thank the witnesses for attending.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank (8 Dec 2021)

John McGuinness: We are now joined by Ulster Bank. We have with us Ms Jane Howard, CEO; Mr. Paul Stanley, CFO and deputy CEO; Ms Fiona McMahon, director of compliance; and Ms Elizabeth Arnett, director of corporate affairs. Ms Howard will make a brief opening statement and then the members can put their questions or queries. I draw attention to the matter of privilege. Witnesses who are physically...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank (8 Dec 2021)

John McGuinness: We understand that. I thank Ms Howard for her opening statement and call Deputy Doherty.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank (8 Dec 2021)

John McGuinness: Will Mr. Stanley clarify that figure, please?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank (8 Dec 2021)

John McGuinness: What is the number of tracker mortgages on the bank's books at present that it will dispose of? I am not asking to whom they will be disposed. I just want to know how many customers will be affected.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank (8 Dec 2021)

John McGuinness: Deputy Doherty mentioned the branches, of which Ulster Bank has 88. How do they break down in terms of ownership, rentals or leases?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank (8 Dec 2021)

John McGuinness: I would just like to know what is happening to the freehold properties, in particular, and what Ulster Bank intends to do with them. Some of those properties may go with the loans and the employees on particular sales that the bank is doing, but others may be left within communities. I also want to look at what might happen to the properties that Ulster Bank has leased. Will the witnesses...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank (8 Dec 2021)

John McGuinness: Is Ulster Bank fully engaged with union representatives in respect of staff and their requirements?

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