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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: I know some other members would share a view that we will do everything to frustrate that timeline in the interests of those affected by this. We would say to the witnesses that in this instance, because of the size of the portfolio and the number of families involved, they should use their imagination and come up with some other way of dealing with this using the two organisations of which...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: If they come up with some other scheme, the witnesses are willing to consider it too.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: I am not fooled by that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: I am not fooled by that. Despite what the witnesses say, they are very clear on the course upon which they have embarked. They came to us on 14 June 2017 and said they had no plans relating to the disposal of these mortgages. It is in the questionnaire here.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: Therefore, it has moved quite quickly to this point. If it was not for the matter being raised here in the Dáil and the public concern that has been expressed, it might have moved a hell of a lot quicker. I am not fooled by what Mr. Masding is saying. I do not take it in. Like Deputy Pearse Doherty, I do not believe for one minute that the witnesses do not know how AIB and other...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: Okay. We will monitor it from here.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

John McGuinness: We must conclude.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

John McGuinness: I welcome Mr. Jim O'Keeffe, head of AIB's financial solutions group, and his colleagues. I wish to advise the witnesses that by virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute privilege in respect of their evidence to the joint committee. However, if they are directed by it to cease giving evidence on a particular matter and continue to so do, they...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

John McGuinness: I thank Mr. O'Keeffe. I call on Deputy Doherty.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

John McGuinness: Deputy McGrath and I will have to leave for a vote. We will leave the witnesses in the capable hands of the Senators until we return. They are a gentler breed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

John McGuinness: We dealt with that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

John McGuinness: We are coming to the end of our time, unfortunately, as we have to leave the room at 2 p.m. I reflect the same view that has been expressed right around this table. Part of our frustration with PTSB was its reluctance to give us information when it was in the public domain, and simply to confirm or deny what we are reading. I understand that paper never refused ink but, as Deputy McGrath...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

John McGuinness: Could the witnesses respond to the point about reflecting on what the members have said here today and the frustration that they have expressed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

John McGuinness: I am not going to get any information out of the witnesses today. That is clear. We have asked them to reflect on it. We understand that things change as the bank moves along. I am just asking the witnesses to understand that at present I am sure there are lots of businesses and farmers all over the country, some of which have met here, that are drawing attention to their plight. I ask...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

John McGuinness: I accept that. I am saying that within the context of how the bank works with other banks - I know they all protect their own patch, in some way, this issue, which is an issue for the State and the people we represent - this issue would in some way be discussed in an attempt to arrive at an overall position where the banks that have a common problem in all of these areas would find some way...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

John McGuinness: The data.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

John McGuinness: We will ask them to do that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

John McGuinness: I thank the witnesses for attending.

Written Answers — Department of Health: Hospital Waiting Lists Data (21 Mar 2018)

John McGuinness: 245. To ask the Minister for Health if an operation will be arranged for a person (details supplied); the waiting times for such operations; and his plans to reduce the waiting times. [13049/18]

Written Answers — Department of Public Expenditure and Reform: National Lottery Data (20 Mar 2018)

John McGuinness: 119. To ask the Minister for Public Expenditure and Reform the amount of all unclaimed lottery prizes for each of the five years before the sale of the lottery licence in 2014; if all unclaimed lottery prizes are being treated in the same way now as they were prior to 2014; the amount of all unclaimed prizes from 2014; if the licence arrangement with a company (details supplied) is a public...

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