Results 8,881-8,900 of 26,737 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: 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?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: I am willing to wait for responses to my questions because I want the most up to date and accurate response.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: In terms of breaches in banking regulations and the regulatory framework in general, how far back can the Central Bank go? Are there restrictions in terms of years? In 2014, the Central Bank fined a bank for a breach that took place in 1995 or something similar.
- 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 ask questions about SMEs in Ireland and the money that the European Investment Bank gave to the Central Bank.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: How does the Central Bank monitor that? Does it play a role in ensuring that the money is lent fairly and properly to clients?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: Let us say a client has been refused a loan by a bank in Ireland but one that deals with the fund given by the European Investment Bank and the appeals office decides that the person should have received the loan and the disagreement rumbles on. In that case does the European Investment Bank request performance indicators from various banks for the loan?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: I do not want to go into the precise details. Let us say, for example, an individual customer of a bank applies for funding from it but the bank refuses without giving a stand-up reason, an appeal is lodged with the appeals office which agrees the person was entitled to the loan because his or her figures were correct and when the person returns to the bank, it refuses. In that case, the...
- 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 discuss how banks recognise their losses over the years and how that is reported. Would the tracker issue not have meant that they should reported losses because of having to repay the money and having to pay compensation and redress and so on? Is the Governor satisfied that the banks, not only relative to the tracker issue but generally, properly report their losses, if any?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
John McGuinness: Does the Central Bank receive the minutes of meetings from the banks? I asked the Minister about this matter earlier in the week.