Results 10,341-10,360 of 26,493 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: It therefore goes up along the line-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: -----but this depends on whoever deals with it at management level. That would determine the response or lack thereof.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: The vulture funds concern all of us - at least, those of us in this committee. Regarding those who have their loans or debts transferred from a bank without notice to one of these vulture funds, is there room for a benevolent fund or friendly vulture fund that would begin to relieve the banks of their debts and give the opportunity to customers to work out their debts on the basis of this...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: Yes, at half past five.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: I thank the Senator. We will conclude this part of the meeting because we have another session. I thank Mr. Broderick and his two colleagues for coming before us today. I found the presentation and the replies to the questions very constructive and helpful. I encourage Mr. Broderick to proceed with his suggestion on the forum. I believe banking is changing considerably and all the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: We will suspend for five minutes while we wait for the witnesses to come forward.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: We are now in public session. I welcome Mr. Padraic Kissane to the meeting. I ask members and all those present in the Gallery to please turn off their mobile phones as they interfere with the sound quality and transmission of the meeting. I draw the attention of the witness to the fact that by virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: Thank you, Senator. I wish to take up the point that Senator Conway-Walsh has been making. Let us suppose a customer of a bank fights this issue on his own and is not satisfied with the outcome. Is his only recourse to the Central Bank? Is that where he would go to make a complaint?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: We will take it on the broader line. The Central Bank is fully aware that an issue exists. What do you make of the response of the Central Bank to date?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: Why?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: No, I am talking about before we get into the investigation. Were those in the Central Bank aware that this issue was emerging?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: What would you have expected the Central Bank to do at that stage?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: That is not what I meant. What should the Central Bank have done at that time?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: Why has it come about this way, bearing in mind all the human elements of this story? Mr. Kissane outlined the case of the man who is alive today because the rope broke. He has talked about the families and the distress that has been caused and so on. Surely, when the Central Bank received a complaint first - bearing all of the foregoing in mind - it should have been more proactive about...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: If that is the case, what part of the engagement with the Central Bank does Mr. Kissane have a complaint about in respect of the appearance of the Governor before the committee recently?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: To be fair to who?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: No, you were saying that the letters to the bank-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: Now what we have is a Central Bank that did not do what it should have done when it first heard this complaint. We had a Central Bank – by way of reference to what Mr. Kissane just said – that expected the banks to do the right thing. These are the same banks that caused this problem in the first place. Are we to expect that they have gone from sinners to sainthood and they...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: Yet it is also the case that Mr. Kissane said they are now more interested in reinforcing their line of defence-----