Results 8,061-8,080 of 74,100 for speaker:Bernard Durkan
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Bernard Durkan: I welcome that. It was a pity it did not happen three days sooner in which case it would not have happened at all. Dr. Hunt has considerable political knowledge and experience from his previous positions. To what extent did he examine the possible political implications, given that the Minister for Finance is a large shareholder in the bank and the bank, with the assistance of the people...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Bernard Durkan: And grateful for it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Bernard Durkan: Was it not then peculiar that the bank's way of rewarding the Irish people was to arbitrarily determine, "Sorry about that but you are going digital whether or not you understand it or it is convenient for you"?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Bernard Durkan: Dr. Hunt mentioned that for the duration that he holds his position, it will remain as it is now..
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Bernard Durkan: There will be no reintroduction of the proposal. I know that Dr. Hunt cannot decide what happens next. Is that leaving the door open for any successor to change it all and go back to square one?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Bernard Durkan: Is Dr. Hunt aware-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Bernard Durkan: I accept that. I am glad Dr. Hunt mentions that. However, is he aware that technology does not always work? It lets us down. It let me down earlier today. We have to accept that technology does not always work. Does he not accept that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Bernard Durkan: Does the bank now have a policy in the event of anything of a major or minor nature coming down the tracks that the chief shareholder will be advised accordingly? I cannot remember exactly what date the decision was taken but on the previous Friday, AIB alerted the Department of Finance that it was coming down the tracks on the Tuesday. Friday is the last working day of the week, so there...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Bernard Durkan: That is not the question I asked. I did not ask about a change to the board. I asked how many of the people who were party to that decision still remain on the board.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Bernard Durkan: So they are all still there.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Bernard Durkan: It did not.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Bernard Durkan: I am trying to get at it from a different angle, as is my wont. I will move on. What was the bank's attitude to tracker mortgages? Did the bank feel it was losing money as a result of tracker mortgages and if so, how did it come to that conclusion? The banks said at the time that they were losing money because of tracker mortgages; they were losing nothing at all. They were getting the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Bernard Durkan: That is right. I am aware of that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Bernard Durkan: Why not?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Bernard Durkan: Dr. Hunt is not permitted to make any comment on it at all. Was it not a matter of revenge? Many people throughout the length and breadth of this country think it was.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Bernard Durkan: One occurred five days after the other.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Bernard Durkan: Like the Chairman, I engaged with the bank many times on behalf of customers after the financial crash. I did not always walk away full of hope afterwards.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Bernard Durkan: I would also be interested in that reply on the insolvency issue.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Bernard Durkan: I welcome our guests this evening. I happen to be a customer, by coincidence, having changed like a lot of other people did from one of the banks leaving the country. I watched the ads about the transition from one bank to another and how smooth it is, but it is not. That is the answer to that question. It is just a humdrum, long drawn out year's work to get the account in a bank that is...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Bernard Durkan: Do not forget the ATM.