Results 7,221-7,240 of 26,705 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Is there an average interest rate that is being charged to SMEs for different loans?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Does the Central Bank have those figures broken down into categories?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: I want to categorise the different levels of debt so I shall list the sectors that I am talking about.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: The CIA compiles reports on each country and has estimated that on 31 March 2016 Irish debt amounted to €2.15 trillion. How did that organisation calculate the overall debt of a country? It publishes figures for each country in different years and I looked at its figure for 31 March. Does the Central Bank analyse the rationale behind that figure?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Yes, it does all of that. Does the Central Bank analyse those reports for accuracy and so on?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Is the Government attached to or liable for debt created by the financial services sector?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: I mean within the financial services.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Both.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Mr. Sibley mentioned in his opening remarks the report on community banking model here.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: I mean the Strategic Banking Corporation of Ireland, SBCI. What is that bank? Is it regulated by the Central Bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: The SBCI has the word "banking" in its title and handles a lot of taxpayers' money, in terms of the Government.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Does the Central Bank have any oversight on the SBCI whatsoever?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Even though the SBCI holds a sizeable amount of money. Has it lent €1 billion?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Mr. Sibley's opening statement dealt generally with stuff and did not really go into commentary on his view of the Government's report. Was that deliberate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Does Mr. Sibley think that the main pillar Irish banks are being protected by Government policy?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Does Mr. Sibley think that the banks are being protected to the exclusion of community banking initiatives such as Sparkassen or others?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Does Mr. Sibley think that there is room in the market for Sparkassen or the credit union to be enabled to contribute, in terms of economic activity, the €7 billion that they have with the mainstream banks?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: Is that for access?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: SME businesses have told me that they find it impossible to get funding and often the only route open to them is the likes of group funding. I mean people who would come together, make available a sum of money and they test one out then in terms of one's business plan. That loan is then offered at a huge interest rate. That situation is damaging the economy and an SME sector that employs...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Local Public Banking: Discussion (23 Oct 2018)
John McGuinness: And at a higher interest rate. If one goes to the bank now, if one has ever had any sort of blip in one's credit position one will not get money anywhere except on a market where one is paying massive interest rates. That is why the concept of a community bank or a credit union to examine a local application, or an application from a local business or whatever it might be, is hugely...