Results 9,401-9,420 of 26,737 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: The framework for conducting the tracker mortgage examination was to be submitted to the Central Bank by no later than the close of business on 30 September 2016. We now know that that was changed to September 2017. What made the Central Bank decide that? Some 2 million accounts are involved and it is a big job. Did the banks push to make that decision or did the Central Bank go to them...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: In-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: That is the date on this document.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: So the lenders came to 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: Then to whoever was in the role would know. I do not care who was in the role, really, I just want to know if the banks came to 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: Sorry, Professor Lane. Did the banks come to the Central Bank and say that it was a big job and that they needed a further 12 months?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: So the banks came to 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: So the banks came to 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: The banks came to the Central Bank. They were given a further 12 months and, even at the end of that period, there are banks that have still not given the Central Bank the information for which it asked.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: I am not asking Professor Lane to make excuses for the banks, I am trying to clarify something. The document states that phase two submissions were due no later than September 2016. The banks came forward and said there was a substantial amount of work to do and that they needed more time. The date was then set for September 2017. Am I right so far?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: Am I right about the dates?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
John McGuinness: It is now September 2017. Are all the phase two reports in?
- 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...