Results 9,661-9,680 of 26,737 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: I am not asking for particulars relating to individuals but these people were good enough to bring their cases to the attention of the committee and out of respect for them and the committee, I expect an acknowledgment of those.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: This brings me to the various figures relating to tracker mortgages. I just want to understand them. Is it correct that the bank has identified a further 602 accounts that were wrongfully denied a tracker rate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: Where were they identified?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: Is that phase 2?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: Is that phase completed?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: Let us stick with the 602 customers. They are included in a report to the Central Bank on completion of phase 2. Is phase 2, therefore, complete with the exception of the Central Bank coming back to the bank on the numbers?
- 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 that in 2010, some 5,100 customers were put back on tracker rates automatically. They were identified and then-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: Then there is a figure of 3,900. Are these all separate figures?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: So the 3,900 customers were affected because the right rate was not applied to their mortgages. Are those fixed?
- 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 outlined a sum of €25 million as the cost to the bank and he said that includes compensation.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: There was no need for compensation.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: If the bank has established that the cost will be €25 million, which includes compensation, how much of this amount comprises compensation? How much has been paid?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: Approximately
- 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 must assess the compensation and, therefore, it is must know who is entitled to what compensation.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: How long have those terms been with 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: Has anyone been paid?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: No, I asked about compensation.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: Because it is the fault of 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: Why have they not been paid?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)
John McGuinness: With whom?