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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (12 Mar 2019)

John McGuinness: The joint committee has agreed that COM (2019) 64 does not warrant further scrutiny. Full details will be published on its website.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

John McGuinness: I welcome Mr. Maurice Crowley, chief executive of the Banking and Payments Federation of Ireland, and his two colleagues. By virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute privilege in respect of their evidence to the joint committee. However, if they are directed by it to cease giving evidence on a particular matter and continue to do so, they...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

John McGuinness: I thank Mr. Crowley. I call Senator Conway-Walsh.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

John McGuinness: Mr. Crowley's organisation represents five domestic banks, 30 or 40 other banking entities and then the Fintechs. What does it do for its members?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

John McGuinness: In favour of the banks.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

John McGuinness: Does the federation do more than that for its members? That is a lobbying process.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

John McGuinness: How often does the federation engage with the banks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

John McGuinness: Banking and Payments Federation Ireland lobbies and interfaces with Government officials and so on in the context of the technicalities of legislation. When the legislation is passed, it translates it into something which is easy for the senior executives and staff below them to understand and which explains how the legislation influences their businesses.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

John McGuinness: I presume the federation charges membership fees.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

John McGuinness: What are those fees?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

John McGuinness: It is a not-for-profit organisation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

John McGuinness: The federation does analysis.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

John McGuinness: I would say that it is not the usual €50 a head membership fee. Is it substantial?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

John McGuinness: Is the membership fee based on the size of the entity, is it tiered or is it there a single fee for all?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

John McGuinness: The federation is paid by the banks. I deduce that it is paid a significant amount, given that it employs 27 people and that it does all of the work that it does. I will leave that question to one side because Mr. Crowley does not wish to answer it. What did his organisation do during the crisis in the context of its work in representing and interacting with the banks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

John McGuinness: Would Mr. Crowley's two colleagues like to comment?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

John McGuinness: To separate out the IFA and the bodies that represent various businesses at national level, the IFA lobbies. We have all been lobbied by the IFA from time to time. It generally delivers for its members at national and European level in its members' best interests. That is the way it operates. Mr. O'Regan is saying that his organisation delivers in the best interests of its members, which...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

John McGuinness: I believe the federation is very different.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

John McGuinness: The banks caused the damage.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

John McGuinness: We will go back a little bit before Mr. Crowley starts painting-----

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