Results 841-860 of 26,380 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)
John McGuinness: What role would the Central Bank have had regarding the IBRC? Was there any role for the Central Bank there?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)
John McGuinness: That was not a bank, it was just handling the-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)
John McGuinness: I suppose what I am asking is-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)
John McGuinness: -----when the IBRC took over the assets or whatever was left of Anglo and worked it out, did the Central Bank then regulate it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)
John McGuinness: I am referring to the Irish Banking Resolution Corporation. Was that an entity regulated by the Central Bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)
John McGuinness: Ms Rowland cannot say whether the Central Bank was the regulator.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)
John McGuinness: Okay. Well, I know a complaint was made to the Central Bank about a transaction that took place going way back to the time of Anglo Irish Bank. This concerned a loan that was transferred to private accounts instead of to the entity. This is where the loan actually ended up. The farmers involved in this matter made a complaint to the Central Bank but little or nothing came of it. I was...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)
John McGuinness: It was a complaint that was ongoing. It just dates back over the last few years. It does not date back to Anglo Irish Bank and the early days.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)
John McGuinness: I was struck by the fact that the Central Bank seemed as if it had not gone into great detail regarding this matter. I would like to see this issue being investigated, or, at least, the Central Bank providing the information in this regard. I know the witnesses cannot do this here because I just landed them with the question. It concerns me greatly, though, that this happened and there was...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)
John McGuinness: I will do that. I will pass it to the witnesses after the meeting, just to be clear about it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)
John McGuinness: There were a lot of different-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)
John McGuinness: If it was fraud or dodgy business, that needs to be exposed. If the central figures in it provide the witnesses with the information, I think that there should be a comprehensive-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)
John McGuinness: Yes. I also discussed with the witnesses previously about the accountancy profession, how the banks account for losses, and the advice given. There is a difference of opinion between the IFRS 9 and how banks account for losses. In other words, they do not have to account for losses completely in their accounts and the information and advice that they are getting is contrary to the European...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)
John McGuinness: Not everyone will be happy. I am wondering, however, whether the Central Bank will stick with it until all of the Belfry questions have been dealt with.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)
John McGuinness: Okay, I will send questions to the Central Bank then. Do banks get fined for that kind of-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)
John McGuinness: What about EBS as an example? That is nearly finished. Again, will the Central Bank oversee it until the end and will there be fines?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)
John McGuinness: The headline was carried as "Central Bank head Makhlouf rejects claim that Irish banking market is 'dysfunctional'".
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)
John McGuinness: I know that. It was the easiest way for me to refer to the article. I could refer to other things. The likes of Belfry and EBS have been dragging on from when they started way back up until now and other issues have been raised around the tracker mortgage issue and what happens when banks sell on at an early stage. I refer, for example, to banks selling to vulture funds when...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)
John McGuinness: To say the least.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)
John McGuinness: These are not just words that are made up and put out there randomly. I say this to Mr. Makhlouf out of experience of the tracker mortgages, EBS and Belfry. They may be historical issues but they are not actually, as EBS is still not resolved. It shows the intent of a big bank not to recognise its failings. That is what it tells me. The constant measurement banks take seems to be...