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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

John McGuinness: I will leave it at this for the moment. The risk manager reads the legislation and the law and understands fully his obligation. He is so frightened by what is happening in the bank about not just one case one day, but a number of them, that he decides to risk his job and tell the Central Bank that there is something wrong. He went to the Garda and said that he had broken the law and told...

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 just telling Professor Lane what happened.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

John McGuinness: If one breaks the law temporarily, one breaks the law. When one breaks the law, in accordance with the banking rules, regulations and legislation, there are sanctions and penalties. This is why questions are always asked about the Central Bank and how it behaves towards bigger banks and what it expects of individuals in the bank. That individual and individuals like him also deserve the...

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 very much aware of that legislation and so are a number of others who turned out to be whistleblowers. Therefore, in the spirit of that legislation and in arranging this meeting with Mr. Sugarman, we need to explore all of that. I am prepared to park this part of the questioning until we meet, but I will come back to it. I also want to send the Central Bank some information on the...

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 Central Bank has, fine. I will not go into it in detail.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

John McGuinness: Is the Central Bank made aware of where it is found a bank overcharged a customer - I refer to a substantial sum of €1.2 million - or how is its attention drawn to such an issue? Does a complaint have to be made directly to the Central Bank where in a court case it was found a bank had overcharged its customer by €1.2 million, which is a significant sum?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

John McGuinness: I did not realise it was raised.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

John McGuinness: I might come back on that in correspondence. There are these last few housekeeping matters. I will send on to the Central Bank the information that I have identified. Having been here for a long day, the officials might reflect on the range of issues that we have discussed. Maybe there is a better arrangement that we the committee and the Central Bank can come to on hearings such as...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

John McGuinness: I sent a lot of correspondence to the Central Bank. The Central Bank sent me a general response because it does not deal with individual cases. I understand that now. However, I and some of those who asked me to send the information would have hoped that the Central Bank would let us have a separate acknowledgement so that I would know the position, merely in terms of 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: It is merely a point about individual cases. On this International Credit Union Day, I indicate my support for the credit unions and the desire of Sparkassen to see that type of model, incorporating An Post and the post offices. It is something on which maybe we can engage with the Governor at a different time. Lastly, in terms of vulture funds and how they manage accounts, I asked the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

John McGuinness: I will because I was so disgusted by their attitude.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

John McGuinness: In conclusion, I ask members to consider that because the Minister for Finance is meeting the banks, we should meet the Taoiseach and the Minister for Finance, maybe in an informal setting, to discuss the various meetings that we have had here with banks, individuals, etc. It would help the process. I return to the Governor's opening statement. Professor Lane read part of it into the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

John McGuinness: Following this long session, I appreciate the fact that the Governor has been here for the full day. There are so many other issues that can be addressed and maybe a better structure can be agreed on how we approach this for the future-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

John McGuinness: We can adjourn the meeting until next Tuesday at 6 p.m.

Written Answers — Department of Jobs, Enterprise and Innovation: Health and Safety Regulations (17 Oct 2017)

John McGuinness: 106. To ask the Minister for Jobs, Enterprise and Innovation the way in which section 22 of the Dangerous Substances Act 1972 is being enforced; the number of enforcement procedures undertaken arising from non-compliance with the Act; and if she will make a statement on the matter. [43590/17]

Written Answers — Department of Justice and Equality: Protected Disclosures (17 Oct 2017)

John McGuinness: 225. To ask the Tánaiste and Minister for Justice and Equality if his attention has been drawn to the fact that, seven months on from an examination of a protected disclosure by a person (details supplied), nothing has been done to address the issues raised in the disclosure; the reason the person is not being properly paid; the reason they have been removed from the payroll again in...

Written Answers — Department of Justice and Equality: Prison Service Staff (17 Oct 2017)

John McGuinness: 226. To ask the Tánaiste and Minister for Justice and Equality the action taken by his Department to ensure that prison officers who are threatened by prisoners while on duty are given appropriate supports and security; the number of proven cases of threats to officers that were witnessed; the action taken in each case; if officers are paid in full should they take leave arising from...

Written Answers — Department of Health: Health Services Funding (17 Oct 2017)

John McGuinness: 317. To ask the Minister for Health if funding will be made available to a centre (details supplied) in County Kilkenny to cover the costs of extending the services being offered and the cost of dealing with referrals from Tusla and the HSE; and if he will make a statement on the matter. [43588/17]

Written Answers — Department of Health: Medicinal Products Availability (17 Oct 2017)

John McGuinness: 318. To ask the Minister for Health when the FreeStyle Libre system will be made available under the long-term illness scheme for persons with diabetes; if availability will not be restricted only to persons with type 1 diabetes but will be made available to every person on multi-daily insulin injections based on clinical need; and if he will make a statement on the matter. [43591/17]

Written Answers — Department of Agriculture, Food and the Marine: Agri-Environment Options Scheme Payments (17 Oct 2017)

John McGuinness: 417. To ask the Minister for Agriculture, Food and the Marine if the overpayments made to a person (details supplied) under the AEOS 2 scheme 2011 will be examined with a view to minimising the amount of overpayment calculated; and if he will make a statement on the matter. [43594/17]

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