Results 9,381-9,400 of 10,460 for speaker:Gerry Horkan
- Seanad: Order of Business (11 Apr 2017)
Gerry Horkan: I will certainly try not to continue in the vein the Cathaoirleach is complaining about. Senator Ardagh raised the issue of the 50th anniversary of the free travel scheme. It was a provision from Charles J. Haughey's first budget when he was Minister for Finance and it has been a fantastic success over the years. I do not believe any Government will try to remove it.Many people cannot...
- Seanad: Order of Business (11 Apr 2017)
Gerry Horkan: I must be on my bike. I am rarely too late. I thank the Cathaoirleach and will leave it at that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Gerry Horkan: On Brexit and relocation, the Minister of State, Deputy Eoghan Murphy, accused other jurisdictions of regulatory arbitrage and suggested they are making it easier or we are making it difficult or a combination of the two. Obviously, there have been two reasonably high-profile announcements with AIG and Lloyds announcing relocation plans from London to places other than Ireland. While I...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Gerry Horkan: Does the Governor contend that Ireland does not have anything to fear relative to other jurisdictions? Do the Department of Finance, the IDA or other State entities attracting business to Ireland need to up their game?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Gerry Horkan: Are there any particular reasons AIG or Lloyds decided to plump for other locations rather than here?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Gerry Horkan: This committee has spent much time dealing with motor insurance costs and has engaged with many different stakeholders, including the Central Bank. The Governor referred to a legislative change being required for the Central Bank to compile a motor insurance database to give us more accurate information. How far away is that change? Has the Governor seen sight of a timetable for giving the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Gerry Horkan: Is the Central Bank ready for taking on this particular role?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Gerry Horkan: What level of staffing will be required both to compile the data and analyse it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Gerry Horkan: The Governor believes the bank will not have any difficulty in terms of the capacity to deal with it when-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Gerry Horkan: We discussed earlier that the bank's staffing numbers were under par.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Gerry Horkan: Where are we on that at this stage?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Gerry Horkan: In terms of house prices, the Governor's point that it is all about supply is the most valid point anyone can make about the housing market. However, in terms of borrowing and having a certain amount on deposit, if the requirement was 20% of €400,000, that would be €80,000. However, if house prices increase, 15% of, say, €600,000 would be €90,000. Is there an...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Gerry Horkan: No.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Gerry Horkan: The Governor is saying that in terms of house prices, for certain sectors of the economy it is three and a half times much larger incomes than was previously the case.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Gerry Horkan: That is a supply issue as much as anything else.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Gerry Horkan: I thank the Chairman. I have a final question. On the tracker mortgages, the Central Bank gave guidelines to the various banks in terms of the appeals process and their examination of their mortgage book, particularly with regard to tracker mortgages.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Gerry Horkan: Has the bank published those guidelines?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Gerry Horkan: Does every bank design its own examination process? They all have different systems, IT and so on. Did the Central Bank have to approve each scheme?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Gerry Horkan: When an affected customer is identified, what is the reason for the delay in getting that refund back to that person? In terms of the redress that has been done so far, the average amount is between €30,000 and €31,000. That amount of redress is significant for most people which means, presumably, that they were out of pocket by that amount of money at the start of or during...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Gerry Horkan: -----above the monetary amounts they lost? Where is the actual compensation for what happened to them?