Results 8,601-8,620 of 26,465 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: With regard to the proposed Irish banking standards board, which was raised earlier on, what do the witnesses believe the make-up of the board would be? Have the witnesses been asked about the make up of that board?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: Yes, to ensure that it is not just window-dressing.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: What about their independent appeals board as regards trackers? Is Professor Lane satisfied that the boards or systems are independent?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: For clarification, it was stated that the Central Bank had said there was some degree of satisfaction with those agencies.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: I want to make it clear that I earlier went through this issue with the witnesses and I am not satisfied------
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: That is okay. The Central Bank needs to remind these credit servicing agents of their obligations and responsibilities to the Oireachtas. The formal complaint that I have made to the Central Bank through the committee indicates that these companies are using strong-arm tactics with individuals and Members of the Oireachtas have complained to me about them. I expect that, in line with what...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: They are horrendous.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: It might also include the Central Bank examining the recent report published by this committee on the credit union sector. The witnesses might let us have their views on the report and on community banking. If the bigger operators, the commercial banks, are not going to service local communities in the way a Sparkassen bank does in Germany, perhaps the time has come for the Central Bank to...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: As part of that conversation, perhaps Mr. Sibley would write to us about the Central Bank's views on the report.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: We are having a round-table discussion with all the stakeholders about community banking and credit unions to see if we can further the establishment of community banking in Ireland. In that regard, it would be interesting to have a discussion with Mr. Sibley and the registrar.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: I will come back to Mr. Sibley on that. I call Senator Kieran O'Donnell.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: I have just a few questions. The Central Bank identified 900 cases that related to AIB. There was an issue around the 900 cases that AIB did not accept but the Central Bank had deemed to be impacted. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: Has the Central Bank followed up on that to determine whether the applicable rate has been corrected?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: I mean the 900 cases. Has the Central Bank checked if the rate is correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: They have not gone back yet. That is the question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: Why is there such a delay? The witnesses may not know now so I ask them to forward an answer.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: Some of my questions are specific because customers or individuals have written to the committee.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: Please let us know the status of that. I refer to AIB again. The tracker through AIB was not available in 2009-2010 and the bank has had to put people back on trackers in 2017. The people affected were placed back on a tracker because they were entitled to do so but the conditions being applied are the 2009-2010 ones rather than the current market.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: Is that acceptable behaviour?