Results 5,201-5,220 of 26,465 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: It is not done by the banks.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: It has gone to the stage that I will do that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: My view is that they could not care less about the bank or this committee. Their interest is in chasing the money and running. That must be stopped by somebody. I am just making that point. We are here to speak about the tracker cases. The Bank of Ireland tracker cases have been dealt with by Deputy Burton and the 5,000 prevailing rate cases involving AIB are still out there awaiting...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: Is that the Central Bank's understanding of the matter? Surely it is keeping an overview?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: It is those types of cases.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: We are at 40,500 cases.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: There are further cases with the ombudsman that could add to the figure of 40,500.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: I remind our guests that when the Central Bank representatives came here first, they told us there would be 3,400 cases. That was way back in the past. The former Governor, Professor Philip Lane, told us that and we adjourned a meeting in order to find the correct figure. It has grown since to 40,500. I really hope the cases involving Bank of Ireland and AIB are dealt with. I know the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: I have an example of the arrogance of one bank with respect to a matter relating to a tracker mortgage. I will not get into names or details, except to say that the matter involves Bank of Ireland. I have pursued this to the bitter end to try to resolve this issue for a particular man. From the paperwork he accumulated through freedom of information processes, it is clear that this man has...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: Perhaps. We would have to go to each bank and ask it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: Over the years.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: Perhaps they could give a commentary on such a graph, the products and so on.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: This could apply to any product, including standard variable rates, etc. We will ask them about that. Ms Rowland indicated that the majority of banks were required to resubmit their plans if the Central Bank deemed the original plans insufficient or inadequate. How many banks were written to about plans and outlines of addressing key risks that were identified? How many replied and how...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: So to varying degrees, all were inadequate.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: It did not come to the mark.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: They would not have been asked to revisit their plans if they came above the mark. They must have come under the mark. I am sorry for the layman's language. It is a fact.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: Basically, they are still the same. That is what I draw from that comment. A significant number of applications under the fitness and probity regime were withdrawn.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: What were the reasons for those 80 applications being withdrawn?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: To what level does this apply within the banks?