Results 10,361-10,380 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: -----than in addressing the issues. Who set down the guidelines for the tracker mortgage investigation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: That is the Central Bank. The scope of those guidelines is only known to the banks and 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: Does Mr. Kissane know why?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: Okay. Let us start with that point, to try to tie in with Mr. Kissane's presentation. Surely the reason behind this is to protect the consumer and to give redress to those who have been very badly affected. The effects were outlined in Mr. Kissane's presentation, on which I cannot agree with him more. I have met these people in my clinics and many Members of the House have seen the same...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: They are being paid for by the banks? He who pays the piper etc.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: The next step, within those tracker mortgages that have been identified, concerns those families who are still paying the higher rate. Nobody has come back to deal with them on a one-to-one basis. Each bank is dealing with the overall view on this. The result will come at the end.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: Have each of the banks not been instructed to prioritise the cases where it is clear?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)
John McGuinness: They have?
- 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...