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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion
(2 Apr 2019)

John McGuinness: Was the money backed by the loans of the banks? Were the loans taken as security for the funding?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion
(2 Apr 2019)

John McGuinness: If these mortgages were put up against the loan from Europe, who was selling the mortgages? Was it the Central Bank or the group of banks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion
(2 Apr 2019)

John McGuinness: Does the Central Bank benefit from these sales? When a bank undertakes a sale to a fund, the Central Bank has an interest in it because there are mortgages involved that the Central Bank has put up as collateral for eurosystem money.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion
(2 Apr 2019)

John McGuinness: If the Central Bank has mortgages as collateral and they are then sold by a bank, must the Central Bank release them?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion
(2 Apr 2019)

John McGuinness: That is what I mean. Let us say a vulture fund is paying bank A for 200 mortgages and the Central Bank has 100 of those mortgages-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion
(2 Apr 2019)

John McGuinness: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion
(2 Apr 2019)

John McGuinness: I am sorry. What is less than €5 billion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion
(2 Apr 2019)

John McGuinness: There is no release of mortgages in that sense.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion
(2 Apr 2019)

John McGuinness: The banks have paid back the eurosystem.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion
(2 Apr 2019)

John McGuinness: Could the witnesses provide us with some-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion
(2 Apr 2019)

John McGuinness: If Mr. Sibley has any further information, he might add it to that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion
(2 Apr 2019)

John McGuinness: Does Deputy Pearse Doherty want to say anything in conclusion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion
(2 Apr 2019)

John McGuinness: Yes, and we will wind it up then.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion
(2 Apr 2019)

John McGuinness: I thank both parties for agreeing to have a joint session. I again acknowledge the independence of the Central Bank.

Written Answers — Department of Children and Youth Affairs: Childcare Services Funding (28 Mar 2019)

John McGuinness: 38. To ask the Minister for Children and Youth Affairs if her attention has been drawn to the financial crisis the recent audit by Pobal has had on national community managed not-for-profit childcare services; the amount that will be sought back from the sector; and the steps she is taking to compensate these voluntary schemes in some of the most disadvantaged communities as a result of the...

Written Answers — Department of Agriculture, Food and the Marine: Nitrates Usage (28 Mar 2019)

John McGuinness: 143. To ask the Minister for Agriculture, Food and the Marine if the exceptional circumstances in the case of a person (details supplied) will be considered; if the ongoing mental health issues will be considered based on the medical report submitted; if the issue will be positively disposed of; and if he will expedite the matter. [14635/19]

Written Answers — Department of Employment Affairs and Social Protection: Carer's Allowance Eligibility (28 Mar 2019)

John McGuinness: 203. To ask the Minister for Employment Affairs and Social Protection if matters relating to the case of a person (details supplied) will be addressed. [14636/19]

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2019: Motion (28 Mar 2019)

John McGuinness: Apologies have been received from Deputy Pearse Doherty. Deputy Jonathan O'Brien will attend in his place. The first item on the agenda is consideration of the Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2019. Does the Minister of State wish to make a contribution?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2019: Motion (28 Mar 2019)

John McGuinness: Following on from Deputy Michael McGrath's questions, under the heading financial description, it states what it is for. It involves financial management and shared services. There is a description afterwards. Reading from the notice, I can see information about capital building, office equipment, external IT, Forensic Science Ireland, ICT programme, forestry and bio-energy. It breaks it...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2019: Motion (28 Mar 2019)

John McGuinness: We will conclude on this matter now and then move on to the Bill.

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