Results 10,121-10,140 of 26,493 for speaker:John McGuinness

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: That is what I wanted to know. Mr. Carville made apologies for Mr. Corr. What is on in Brussels?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: I would have thought it would be important for him to be here.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: I share Deputy Sherlock's view of that matter. The following is part of Mr. Carville's opening statement: "CUAC also recommended that an implementation group be established for a specified period of time to oversee and monitor implementation of those recommendations". Is he happy with the implementation of the recommendations?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: With no disrespect to Mr. Carville or the Department, his opening statement this morning it does not address the issues we were dealing with yesterday. It mentions overview, reports, implementation groups. If I was running a business the witnesses would be the last people I would want to deal with because the credit unions have a view that they have a contribution above and beyond what they...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: Is Mr. Carville saying he did not have time?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: It could have been changed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: Mr. Carville could change it. He could use the opportunity to answer the questions. That would be a help. He could then expand on the questions asked and give the committee the information which he knows concerns the credit unions. The regulator will be appearing before this committee next. I will not be getting on the merry-go-round with either the Department of Finance or the regulator...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: Does Mr. Carville not agree that, in the context of housing in particular, as he oversees, gets reports, attends meetings and reports back, the train is beginning to leave the station, poorly equipped to deliver on the housing construction that is necessary? In spite of that, the credit unions, who continue to appeal to be allowed into the market, are not being allowed in because some report...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: Has any house been built arising from the proposals of the credit unions?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: The witness does know.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: If Mr. Carville does not know, perhaps the head of credit union policy in the Department, Mr. Corr, should be here. The answer to the question is "No" and Mr. Carville knows that is the answer. The credit unions have not been able to do a deal to get into the housing market. They are being frustrated at every turn. That is what I see from this. I am quoting what Mr McCrory said but the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: The credit unions have stated the housing body is having conversations with the Department of Finance in regard to the credit unions participating in solving a major crisis that the country faces. What conversations have been had? How many meetings have been had? Where is the obstacle which is preventing this from being delivered?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: The regulator is responsible.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: So the regulator is responsible, not the Department of Finance. That is all I want to know.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: I am getting there. Thus far, on all the questions Mr. Carville has answered, the regulator is responsible. In terms of the credit unions being able to participate in house construction and mortgages and so on, the regulator is responsible.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: That is fine.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: In the ILCU's opening statement, it was claimed "We receive political encouragement from [an] Oireachtas that [has] handed ... nearly all effective responsibility to the Central Bank." Is that true? Has all effective responsibility been handed to the Central Bank and the regulator?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: Who controls the merry-go-round in terms of regulation? Is there anything the Department can do in terms of suggesting legislation to the Minister that would change the approach to credit unions and give them a more flexible hand in dealing in a measured way with their community and in better engaging the €11.5 billion they have in the banks? Does Mr. Carville think the €11.5...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: But they cannot put them anywhere because the witness controls where they put them.