Results 8,501-8,520 of 26,465 for speaker:John McGuinness

Written Answers — Department of Employment Affairs and Social Protection: Invalidity Pension Applications (1 Feb 2018)

John McGuinness: 327. To ask the Minister for Employment Affairs and Social Protection if an invalidity pension will be approved in the case of a person (details supplied). [5086/18]

Written Answers — Department of Housing, Planning, and Local Government: Irish Water Administration (1 Feb 2018)

John McGuinness: 342. To ask the Minister for Housing, Planning, and Local Government when the legislation or regulation needed to make Irish Water accountable to the Comptroller and Auditor General will be put in place. [5081/18]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

John McGuinness: We are dealing with progress on the resolution of the tracker mortgage redress issue. I welcome Ms Francesca McDonagh, group chief executive of Bank of Ireland, and her colleagues. I wish to advise the witnesses that by virtue of section 17(2)(l) of the Defamation Act 2009, they are protected by absolute privilege in respect of their evidence to this committee. However, if they are directed...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

John McGuinness: I am conscious there is a vote in the House but I will continue the meeting if members are agreeable.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

John McGuinness: When Ms McDonagh answered Senator O'Donnell with regard to her opening remark that she had spent 20 years in a variety of senior banking roles in the UK and internationally, will she give us a flavour of which banks she was with?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

John McGuinness: Was any of those banks subjected to, or did Ms McDonagh come across, anything like this, where the bank did something wrong and was penalised by the regulator in that jurisdiction?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

John McGuinness: So Ms McDonagh can apply that experience here.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

John McGuinness: Ms McDonagh has depth of experience, and she has had experience of this type of issue or something like it in other banks. When she was asked about the staff in the bank and their return to the tracker product, did she say they were legally literate and should understand what they were getting into?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

John McGuinness: No, is that what Ms McDonagh said at that time?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

John McGuinness: She stated she felt they could not be included because they should be legally literate about these trackers.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

John McGuinness: Ms McDonagh has never said that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

John McGuinness: Okay. Senator Kieran O'Donnell said we are reaching the end. I do not think we are reaching the end. I think we have quite a way to go because a significant number of issues still remain. I am taking Ms McDonagh at face value, based on her experience and on what she has said about the purpose of the bank now. She has said that it is customer-centred and so on. I want to get an...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

John McGuinness: I will send Ms McDonagh the details of that case-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

John McGuinness: -----and a number of other cases. I am saying all of this here at this committee not because I want someone to be treated differently, but because I want the weakest in the group to feel that they are as good as the strongest within the group and that their cases will be heard as quickly and as efficiently as the cases of others. That is why I am raising these cases. It is a test, just as...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

John McGuinness: I would like to refer to the case of an individual who has been a customer of the bank since 2004. In 2011, the method of applying the interest to his loan was changed from EURIBOR to bank cost of funds. He believed he was on a tracker-type product, but just like that it was changed in the way I have described. Bearing in mind the principle of putting the customer first and giving the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

John McGuinness: This individual case involves a substantial amount of money. Obviously, it ended up in court. I have read the correspondence on it and I am going to refer to it. Ms McDonagh has it anyway. This individual has been writing to her. When someone who has been a customer of the bank since 2004 without going into arrears questions the amount of interest that was charged because of a change in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

John McGuinness: Yes, but I am talking about the change that was made and the interest that was charged over and above what this customer should have been charged. A case has been made about it and I do not see that case being answered. It is amazing that the customers and staff of huge banks are writing to members of this committee in order to get some sort of justice. If everything Ms McDonagh said in her...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

John McGuinness: Mr. Mason spoke about what is offered to clients in difficulty. Is he familiar with the debt-for-equity scheme?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

John McGuinness: Why? It is there and outlined in legislation. PIPs do it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)

John McGuinness: The bank does not actively offer it.