Results 9,141-9,160 of 26,465 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: We were told by a bank that it missed the deadline, however.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: It mislead the Dáil.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: If the bank-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: From how many other lenders is the Central Bank seeking further information relative to the phase two reports?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: Are there only two lenders involved?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: Having given the banks a further 12 months, to September 2017, there is still information that has not been submitted.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: I want to come back to the issue.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: This is the kernel of the problem in regard to people's perception of the Central Bank. It set deadlines but neither September 2016 or September 2017 were actual deadlines. When the Central Bank examines reports or engages in push-back, as it calls it, it should note that if the banks were as afraid of the Central Bank as their customers are of them, they would have given the Central Bank...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: If those banks that Mr. Lane states did not take this seriously enough were known, why were they not fined? Why was some sanction not introduced to indicate that if the banks were not going to play ball with the Central Bank and meet the deadlines, which are pretty loose, they would be fined?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: Let us mark it down as a difference of approach between the Central Bank and the members of the committee, certainly me. Other members of the committee referred to it earlier but when we see this as a human tragedy, hear it explained and realise what the banks do to the people who are their customers, it is completely different from how the Central Bank treats the banks in question. Those...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: They will sign off on that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: It should not be on the basis of their morals. Morals and banks do not sit easily together in my mind. Has this scandal been raised at the meetings Professor Lane attends in Frankfurt and the European Central Bank, ECB?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: The long answer would probably come from asking what is being said about it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: What support is received from the ECB for the challenges with the banks here? Is it sitting on one side watching this?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: Has it shown an interest in what the Central Bank is doing? Does it support what is being done and has it asked to provide support, perhaps bringing in some European Union regulation or rule in support of the customer? Does the ECB think the banking system in Ireland is manned by cowboys?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: We understand that. We are asking about the customers out there.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: I have some short questions on tracker mortgages sold by the banks to vulture funds. Is there a figure on this or how would a figure come about?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: With the mortgages that have been sold, what redress would there be?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: Even though the original lender is responsible, and even though some individuals have written to the Financial Services Ombudsman and there has been no decision yet, the tracker has still been sold to the vulture funds.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: That leads me to the question of repossessions. If some of the loans sold to vulture funds are now under pressure to honour the increased payments, then the next step is eviction and some have been threatened. Is this the kind of repossession that the Central Bank will insist the original lender, in contact with the vulture fund, act to stop? We said earlier on that there would not be...