Results 8,441-8,460 of 10,460 for speaker:Gerry Horkan

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Gerry Horkan: I have one final brief question, it is a particular case that I was asked to raise. This person was with Bank of Scotland and was under a lot of pressure. The person left Bank of Scotland, sold the house and downsized to a much smaller house. That person does not know whether they were affected because they closed their account. To whom can that person go to ask that question?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Gerry Horkan: If this person wants to find out that they were or were not affected, who do they go?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Gerry Horkan: Bank of Scotland does not exist.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Gerry Horkan: I have one very brief question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Gerry Horkan: I will be brief. Are there cut-off dates for people who got redress and compensation but who want to appeal it? Is there a window in this respect? I do not know if it was addressed but I apologise if it was.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Gerry Horkan: There is a finite period for appeal. It is 12 months. So 12 months from next March, or I hope around that time-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Gerry Horkan: Will we know the full extent then? If it is only starting the appeals process, it could take a while.

Seanad: Order of Business (17 Jan 2018)

Gerry Horkan: I wish everybody a happy new year. I hope everyone has a productive, healthy and happy year going forward. I also congratulate the Leader of the House on his recent marriage. I congratulate him and his new husband. I wish to refer to the proposed worldwide ban on the importation of plastics by China, which is an issue that is becoming more relevant by the day. China proposes to ban...

Seanad: Report of the Joint Committee on the Eighth Amendment of the Constitution: Statements (17 Jan 2018)

Gerry Horkan: The time allocated to each Senator is not to exceed ten minutes, and time can be shared. I welcome the Minister of State, Deputy Finian McGrath, to the House and ask him to make his opening remarks.

Seanad: Report of the Joint Committee on the Eighth Amendment of the Constitution: Statements (17 Jan 2018)

Gerry Horkan: I thank the Minister of State. I remind Senators that they have ten minutes each and that time can be shared. There is no guillotine. Everybody can speak for ten minutes if they so choose. A number of Senators have indicated to me and I have written their names down. A number of people in the Chamber have not yet told me in what order they want to speak but I will take them. That...

Seanad: Report of the Joint Committee on the Eighth Amendment of the Constitution: Statements (17 Jan 2018)

Gerry Horkan: As there is nobody here from the Independent group, the next speaker will be Senator Gavan, who has ten minutes.

Seanad: Report of the Joint Committee on the Eighth Amendment of the Constitution: Statements (17 Jan 2018)

Gerry Horkan: The next speaker is Senator Gabrielle McFadden and she has ten minutes.

Seanad: Report of the Joint Committee on the Eighth Amendment of the Constitution: Statements (17 Jan 2018)

Gerry Horkan: The next speak is Senator Lynn Ruane and she has ten minutes.

Seanad: Report of the Joint Committee on the Eighth Amendment of the Constitution: Statements (17 Jan 2018)

Gerry Horkan: The Minister loves this House anyway.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Gerry Horkan: I thank the Minister for his responses so far. Many of the points I would have raised have been covered. Following the point made by Senator Conway-Walsh, if about 35,000 people have been affected, and the average payout to date was about €30,000, that adds up to approximately €900,000 million, which is roughly 30,000 multiplied by 30,000. That may be where the range of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Gerry Horkan: Before Christmas, when the Minister met representatives of the banks, he was hoping it would all be resolved by Christmas. Obviously, it was not all resolved by Christmas. Does the Minister believe that the vast bulk of it will at least be significantly addressed? I take on board the Minister's point that people will be made offers, take their cash, bank it and try to move on with their...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Gerry Horkan: The Minister referred to almost 2 million tracker mortgages having been examined. While we can ask the Central Bank, I take this opportunity of the Minister being here to ask if he is familiar with the review process that took place. There are 2 million accounts, involving documentation on individual files. We have talked about 34,000 life stories; this is almost 2 million family life...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Gerry Horkan: That was all done by Central Bank staff as opposed to by internal bank people.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Gerry Horkan: Therefore, we are relying on the bank staff in the relevant banks subject to audit. Audit is a test process, as the Minister knows. We are relying on Bank of Ireland and AIB to inform us as to how many of their customers were affected, subject to a testing of their systems. Is that the case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Gerry Horkan: The Minister mentioned the four banks. I believe representatives of four or five banks have appeared before the committee. I believe the Minister referred to 15 other providers his in his opening speech. What processes took place for all those banks, some of which are no longer here? In some cases there are legacy managing agents, managing out those mortgages, but they are not looking for...