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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

John McGuinness: Arising from the exchanges up to now, it is clear that we would like the banks to respond to this debate. We might send them the transcript of the meeting and ask for their response. With the support of members present, I invite the witnesses to set out the type of questions they believe we should ask the banks. They have done so in their evidence to the committee but they might formally...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

John McGuinness: The conclusions of the banking inquiry, therefore, were incorrect, if, in fact, the banking inquiry drew conclusions, because they were basing it on incorrect information from banks and did not take that into consideration. Perhaps they could not have on issues that only came to light recently, in the last -----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

John McGuinness: They were wrong about that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

John McGuinness: Did they mislead the inquiry?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

John McGuinness: Does Mr. Bush have a view on the banking inquiry?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

John McGuinness: They were hoodwinking us, basically.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

John McGuinness: Then we come to today's evidence. I am not an accountant. I have been in different small businesses all my life and it angers me greatly to hear the witnesses' account of things. While they might think it is technical and so on, it is easily understood. When people are robbed, they know they have been robbed. To be robbed over and over again is utterly incredible. The banks can hide...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

John McGuinness: We are paying back a debt that we should not be paying back.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

John McGuinness: And we are imposing austerity on people in the pursuit of repayment of that debt that we should not do.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

John McGuinness: It is certainly not an option in the Irish courts anyway.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

John McGuinness: They seem to have a particular view of the banks. We are not supposed to comment on the courts but that is my view. Mr. Butler and Mr. Bush will provide us with the information and perhaps a roadmap as to what direction the committee should take. Is the letter they sent to the late Deputy Brian Lennihan something the committee should have?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

John McGuinness: Yes. We might be looking back but I am afraid that we have to learn. The other issue is that we are paying for it still. The committee is aware of most of what Mr. Butler has been saying in the context of the general thrust of his submission, and similarly with Mr. Bush. We should meet the committee in the UK and see if we can perhaps further a joint approach. I will finish on a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

John McGuinness: Yes, it is not just as the auditor sees it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

John McGuinness: They too were wrong.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

John McGuinness: Does Mr. Butler stand over that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

John McGuinness: Will Mr. Butler and Mr. Bush return before the committee if required?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

John McGuinness: They have done a wonderful job of presenting the overall story. It is up to the political system to respond to what they have said. I am repeating myself but to get clarity, the transcript needs to be sent to the banks, the Minister and the accounting bodies for their response, and then the committee will take the further action on which it is generally agreed, and which we will discuss...

Written Answers — Department of Education and Skills: School Transport Provision (21 May 2019)

John McGuinness: 243. To ask the Minister for Education and Skills further to Parliamentary Question No. 333 of 8 May 2019, if a transport solution will be provided for pupils based on the fact that there is no room in the local schools and the nearest schools are in Kilkenny city; if he will provide a report on the findings of his Department relative to the matter and the dilemma being faced by parents; and...

Written Answers — Department of Education and Skills: School Enrolments (21 May 2019)

John McGuinness: 245. To ask the Minister for Education and Skills further to Parliamentary Question No. 340 of 8 May 2019, if two places will be provided at a school (details supplied) for two children whose parents have already received written confirmation of offers of places; if both offers will be honoured in view of the fact the letters were issued by the school following consultation with the special...

Written Answers — Department of Education and Skills: Special Educational Needs Service Provision (21 May 2019)

John McGuinness: 267. To ask the Minister for Education and Skills the options open to a person (details supplied) in order to undertake third-level studies; if DARE and CAO approval can be restored; and if he will make a statement on the matter. [21877/19]

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