Results 10,341-10,360 of 26,465 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: Therefore, what we are looking at here is the banks maintaining the line of kind of addressing this and not wishing it to go anywhere beyond a narrow focus with regard to the guidelines, which would attempt, as Mr. Kissane has said, to strengthen and reinforce the banks' lines of defence rather than anything else.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

John McGuinness: When we started looking into this first, I believe there were 8,700 cases, then 15,000, now it is 20,000 cases. If we take Mr. Kissane's comments and translate them into a set of guidelines, it will go way beyond 20,000 cases. I agree fully with the case being made by Mr. Kissane. What would he suggest the committee should do to try to highlight the cases, to get to the numbers we need to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

John McGuinness: If the committee is to play a central role in getting a resolution for all the customers who have been badly affected it should, on a quarterly basis, invite each of the banks to report on the progress they have made, rather than just inviting the Central Bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

John McGuinness: It is illegal?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

John McGuinness: They would be reneging on their commitment to pay back a loan that has been calculated incorrectly?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

John McGuinness: Do not be afraid to profess it because that might be the answer. The fact of the matter is we have the banks on one side and we either wait for them to sort out the situation or the tracker mortgage campaign takes the class action as a group and encourages people to come forward or the people do not repay the miscalculated mortgage loan and they pay the correctly - in their eyes - calculated...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

John McGuinness: It would seem to me that the banks will not come to any conclusion on this unless they are strong-armed into it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

John McGuinness: Is it the case that the basic understanding people in Ireland have around repaying their debt is what has them caught in the first place, as Mr. Kissane said in his opening statement?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

John McGuinness: Are we not then back to the Central Bank ensuring compliance in order that the full extent of the compensation is paid to each family and the banks correct each tracker mortgage as quickly as they can? I have a letter from a lady on the same issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

John McGuinness: No. We timeframe it. I do not accept-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

John McGuinness: Is it not shocking?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

John McGuinness: We have to find some means within the House and this committee to bring the truth to the fore and the examination into the public domain and to ensure it is done efficiently. One of the points raised by a lady who corresponded with the committee was that, as she started to deal with the matter and was pushed into a process, her case formed part of a bulk number of cases that were being...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

John McGuinness: We discussed people fixing their own repayments, but an issue with what is happening is people’s credit ratings. As Mr. Kissane stated, people become bank locked.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

John McGuinness: We must find some method of dealing with this matter that gives voice to those who are without a voice or restricted in what they can do.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

John McGuinness: I thank Mr. Kissane for coming in and members for their engagement. If Mr. Kissane wishes to suggest a line of questioning or a direction, he should feel free to give us whatever information he has. We will meet to decide how best we can progress this and what role we can play in the process. As Mr. Kissane will see, members are keenly interested in doing much more than what is being done.

Written Answers — Department of Education and Skills: Student Grant Scheme Applications (21 Feb 2017)

John McGuinness: 185. To ask the Minister for Education and Skills if he will expedite a SUSI grant application in respect of a person (details supplied). [8153/17]

Motor Insurance Costs: Motion (16 Feb 2017)

John McGuinness: This was a very good debate. One gets the messages out and hears other sides of the argument. Maybe it is the job of the Government to order some time in regard to this. Let us have a full debate on it. Let us keep the heat on the insurance business.

Motor Insurance Costs: Motion (16 Feb 2017)

John McGuinness: Both reports.

Motor Insurance Costs: Motion (16 Feb 2017)

John McGuinness: 8 o’clock This is a debate on two reports. In the interest of fairness to the committees of the Houses, the protocol should be observed that it is the committee's report that is taken. However, that is a matter for the Business Committee. During the course of the this debate members were speaking to two different reports. Most of the criticism about timelines and so on relates...

Motor Insurance Costs: Motion (16 Feb 2017)

John McGuinness: I move:That Dáil Éireann shall consider the Report of the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach entitled, "Report on the Rising Costs of Motor Insurance", copies of which were laid before Dáil Éireann on 24th November 2016. I welcome the report and thank committee members who put significant amounts of time into drafting it and our public...