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Written Answers — Department of Health: Hospital Appointments Administration (31 Jan 2017)

John McGuinness: 525. To ask the Minister for Health the reason a commitment given by the HSE to a person (details supplied) that they would be given an appointment at WRH by the end of 2016 has not been honoured [3991/17]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

John McGuinness: I welcome Mr. Jerry Beades, chairman, Friends of Banking Ireland; Ms Jackie Lavin and Mr. Bill Cullen, Premier Cars; and Mr. Séamus Ó Muilleaneoir, chairman, Public Banking Forum of Ireland. I remind members, witnesses and people in the Gallery to turn off their mobile phones as they cause interference with the sound quality and transmission of the meeting. By virtue of section...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

John McGuinness: We will take the opening statements first, after which I am sure members will ask the witnesses questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

John McGuinness: I thank Ms Lavin. I now call Mr. Ó Muilleaneoir.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

John McGuinness: Does the Senator have more questions?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

John McGuinness: Not in Kilkenny.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

John McGuinness: The Senator was not short of time. He had plenty of time, as does everybody else.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

John McGuinness: Senator Horkan referred to Ms Lavin's submission as a personal story. Senator Kieran O'Donnell questioned whether she was naïve. We must understand that anyone in business who has come across this issue since 2008 could tell a similar story. People are not in business to go broke; they are in business to be successful. It was a new experience for businesses, big and small, when they...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

John McGuinness: Has the Central Bank committed to anything in the course of its interaction with her group?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

John McGuinness: We will take up the contents of her submission with Ulster Bank and the Central Bank. Mr. Beades said proposals were put by the then Minister for Finance to have a 30% to 50% haircut on mortgage debt and that this was to be in parallel with the bank bailout. Mr. Beades also said there were documents relating to this and that they could be viewed online. Can he copy them to the committee?...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

John McGuinness: Can Mr. Beades tell the clerk how we can download these documents so that the committee can have this information?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

John McGuinness: I thank Mr. Beades. I am also interested in the magazine that covers the issue of debt and vulture funds so it would be good to have that too.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

John McGuinness: Some of the vulture funds have written to say it is not convenient to come in but the majority have not replied to us. I find it unacceptable that a group of vulture funds handling considerable property portfolios in this State do not feel obliged to come before the committee. We agreed, in private session, to pursue this matter as robustly as possible in order to ensure that they come...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

John McGuinness: How does this relate to the vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

John McGuinness: There are, however, massive write-downs.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

John McGuinness: Ms Lavin said the vulture funds do not write to or engage with people and send no statements.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

John McGuinness: They took over your affairs and tore your lives apart.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

John McGuinness: In the context of repossessions, what chance does the individual have against the State in the context of appearing before the Circuit Court?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

John McGuinness: That legislation deals with a change in jurisdiction.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

John McGuinness: It had this effect when jurisdiction was found to be flawed but this has not yet been corrected by legislation.

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