Results 6,621-6,640 of 26,705 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)
John McGuinness: The money being collected in local family resource centres is being collected from a number of different individuals and then is brought to the credit union and lodged. Why is there a question mark over that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)
John McGuinness: I am not pinning all these questions on Mr. Corr.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)
John McGuinness: We are not talking about large sums of money.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)
John McGuinness: We are applying the issue of money laundering to people who attend the family resource centre on a Friday night and give in the few euros they have left over . They are being prohibited from doing that. Nobody is answering. Can somebody tell me whether that is right or wrong?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)
John McGuinness: "Prohibited" is the word to use; people cannot do this.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)
John McGuinness: If I go to my credit union having just collected €50 from ten different people and tell Mr. Molan that the money has come from Mary, Joe and Anne, and tell him to put the money into the specified account, is that not acceptable?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)
John McGuinness: If I gave Mr. Molan the names of the ten people I got the money from and asked him to put it in a specified account for that purpose, is that sufficient for the bureaucrats and the regulators?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)
John McGuinness: Those people are not members at the moment, are they?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)
John McGuinness: Mr. Farrell will be able to tell us where that regulation is written down; it would benefit the members of this committee.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)
John McGuinness: I understand that, but I just want to get to the bottom of this. Does Mr. Molan believe his sector is over-regulated by the Central Bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)
John McGuinness: Mr. Molan might put that word into his report and see if the issue can be explained to the powers that be. Senator O'Donnell referred to micro-finance. The credit unions were set up for that purpose in the first place. I call it the penny bank. Do the witnesses feel that there is an obligation or a corporate social responsibility to carry some of those accounts? The credit unions might...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)
John McGuinness: I want to make that point clear.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)
John McGuinness: Mr. Molan mentioned the ability to recommend business to another credit union. Are credit unions not allowed to do that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)
John McGuinness: Why is that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)
John McGuinness: Whatever Mr. Molan does he should not do that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)
John McGuinness: Did Mr. Molan say that issue arises as a result of the common bond?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)
John McGuinness: Is that a Department of Finance issue? Can that be changed?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)
John McGuinness: No, I do not mind a recommendation if something is going to be done about it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)
John McGuinness: Why?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)
John McGuinness: Is the Senator saying that the credit union can do a referral?