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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Gerry Horkan: To date. Are there others in that general region?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Gerry Horkan: Even in excess of the €300,000 case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Gerry Horkan: Of the 1,214 that are paid out, how many are over €100,000?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Gerry Horkan: It is becoming more clear all morning that there is a lack of data and information. Bank of Ireland and AIB have been before the committee. I am sure Mr. Stanley's team has been able to look at the questions we asked them and they were able to give us a lot of detail Mr. Stanley is not in a position to give us, and it is a much smaller sample.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Gerry Horkan: I have been here all morning so I have heard about legacy systems and so on.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Gerry Horkan: I accept that but 1,214 cases are paid out and it would have been very useful for us, even if they were the easiest cases, to get some indication on those because if I was an Ulster Bank customer impacted by this, I would be very concerned that I would get my money back by June based on what we have heard this morning because it seems, and Mr. Stanley has admitted it, that Ulster Bank has a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Gerry Horkan: From previous systems.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Gerry Horkan: It would be useful if Mr. Stanley were to come in again relatively soon to update us on the progress and give some confidence to the people involved that they will get somewhere-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Gerry Horkan: -----because I do not believe we can leave it as long based on the fact that we have not been able to get all the information. The more information we have, the more we can give some reassurance to customers. Based on what we have heard this morning, I do not believe that the people watching these proceedings this morning will be overly reassured that they will have everything by June. ...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Gerry Horkan: In relation to those 3,500, and I accept what Mr. Stanley said that it will probably not be that many, when will they know one way or another?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Gerry Horkan: How long will it take between when the bank knows and the customers know?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Gerry Horkan: Will that be two, three, four, six weeks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Gerry Horkan: I accept that but if the bank has a database, and the Central Bank sends it an Excel sheet regarding 3,500 customers, even with that many customers, the bank could use mail merge to let people know if they were impacted or not and that the bank will contact them in due course.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Gerry Horkan: It is very unfortunate that a CEO who has six months left in that position is not before the committee. Mr. Stanley is getting the brunt of what he would probably get. It would have been to Mr. Stanley's benefit if he was here. My understanding is that Richie Boucher was either on holidays or was going within a very short number of weeks, after a very long time in the bank. Mr. Stanley...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Gerry Horkan: Will the witnesses confirm that when the figure is agreed with the Central Bank on the second batch, whether it is 3,500 or 50, it will be supplied to us on that day? We will then know how many more impacted customers there are. It would be good if Ulster Bank representatives were back sooner rather than later to discuss all the matters we could not raise today. Perhaps that could happen...

Seanad: Technological Universities Bill 2015: Second Stage (Resumed) (31 Jan 2018)

Gerry Horkan: I welcome the Minister of State, Deputy Mary Mitchell O'Connor, who has responsibility for higher education, to the House.

Seanad: Technological Universities Bill 2015: Second Stage (Resumed) (31 Jan 2018)

Gerry Horkan: Senator Gavan is the next speaker. He swapped last night with the Civil Engagement group. He has eight minutes.

Seanad: Technological Universities Bill 2015: Second Stage (Resumed) (31 Jan 2018)

Gerry Horkan: Senator-----

Seanad: Technological Universities Bill 2015: Second Stage (Resumed) (31 Jan 2018)

Gerry Horkan: Time.

Seanad: Technological Universities Bill 2015: Second Stage (Resumed) (31 Jan 2018)

Gerry Horkan: I am indulging Senator Buttimer regarding his time.

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