Results 9,441-9,460 of 26,465 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: The Central Bank.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: Bank of Ireland recommended someone from Deloitte to be the independent adjudicator or the independent person present in that system, that process. Is that so? The bank pays adjudicator, it recommends the adjudicator to the Central Bank and it just happens that the same independent person is in Deloitte.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: That does not sound very independent, that is all.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: Did the decisions that were taken around the 1,800 cases affect any other cases, or was it specifically-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: Will Mr. McLoughlin check that and come back to us on it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: It is very simple. There are 1,800 cases and the bank had Deloitte look at those cases.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: What it found in respect of those cases and the queries that were raised, presumably, relative to whether or not the customer was on a tracker and whether or not he or she should be put back-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: It is just that strictly-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: Mr. McLoughlin mentioned preference for a fixed rate. He talked about this earlier with some of the members here. What is that fixed rate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: Did the bank undertake a review as to how this tracker issue occurred?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: I understand that, but how did it actually happen? Was it just a complete accident, human error? Has Bank of Ireland looked at that part of it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: The bank has not carried out that analysis yet.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: I understand that. I am just asking Mr. McLoughlin, would the bank not be interested in how it actually all happened? It has cost it a lot of money.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: Not yet. My last question is as follows. On 27 in this questionnaire, to which Mr. McLoughlin replied-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: It is on page 29 - questions 27 and 28. Mr. McLoughlin was asked, in my opinion, a pretty straightforward question about risk managers. What is a risk manager?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: In this reply Mr. McLoughlin refers to the fact that there is a group risk framework.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: However, there is legislation alongside that and it requires the risk manager to report any breach of liquidity. Is that right? The second part of that question asked for details, if any, of the times since 2005 that the person holding that responsible position of risk manager had changed or if any reports were made to the Central Bank regarding his or her responsibilities.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: Eight hundred?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: Eight hundred?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: Has any of them ever reported concerns?