Results 10,641-10,660 of 26,493 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
John McGuinness: Will Mr. Moran consider some of what I have said?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
John McGuinness: I have another example. Before Christmas, a draft statutory instrument on the Horse and Greyhound Racing Fund and the allocation of the money came before the Dáil. Reports continue to come in about that fund and how it spends taxpayers' money. Such reports have been coming in for years. Earlier, Mr. Moran referred to governance. Where is the governance in the context of that fund?...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
John McGuinness: It is my intention to propose a strategy to committee members to question or investigate such issues as have been raised. I am flagging this for the witnesses because I am not going to stand by and be unhappy about a situation. The State must do something. Regarding the Central Bank and vulture funds, the witnesses are aware that we wrote to the vulture funds. Two responded - Blackstone...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
John McGuinness: The Central Bank was dragged kicking and screaming to be "all over it".
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
John McGuinness: I am wondering about the Department's engagement with the Central Bank. In response to a number of questions that have been asked, it was stated by Mr. Horan, I believe-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
John McGuinness: It was stated by Mr. Hogan that the Central Bank would tell the Department from time to time. Is there proactive engagement with the Central Bank to establish for the Department's own interest whether the Central Bank is on top of its game, protecting consumers and dealing with the banks? Is it a two-way street or does the Department just ask for information as it wants it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
John McGuinness: Yes, and I respect that, but perhaps that is what got us into trouble back in 2008. What is the nature of the Department's proactive engagement with the Central Bank? Are vulture funds and how they purchase individual debt from the main banks discussed? Will there be protection for the consumer in 2017 to stop the evictions? NAMA was established to handle commercial debt. While it is a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
John McGuinness: I understand that, but it still remains a fact that, according to the Bank of Ireland when it appeared before us, there are not sufficient repossessions to convince the market that debts or loans are safe and protected and the expectation is that there will be an increased number of evictions this year. Those people end up on council housing lists, so the whole thing goes around in a circle....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
John McGuinness: It is not working.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
John McGuinness: There have been just 39 applications to move to rent-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
John McGuinness: -----at one bank. I know from local authorities, and I have heard Oireachtas Members discussing it, that the scheme is not working. Were it enhanced in some way, it could give solutions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
John McGuinness: Okay. On the matter of tariffs, could we have a copy of the information before the witnesses go?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
John McGuinness: It is easier to ask for a copy than it is for me to go off and look it up. Regarding HSBC, I want to return to an earlier point. We are hingeing everything on the financial services and the creation of approximately 20,000 jobs. Has Mr. Moran explored or has anybody examined why HSBC created 1,000 jobs in Paris and Frankfurt? What happened that we were not able to attract those jobs to...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
John McGuinness: Does it concern Mr. Moran that this happened?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
John McGuinness: Does Mr. Moran know if examinations are taking place in other Departments as to why that is happening or has he examined our financial services model? Can we enhance it? Can we make it more attractive to bring in those companies?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
John McGuinness: Why did we miss out on the number of jobs that were created in those two locations?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
John McGuinness: No, but it goes back to our tax offering and how we attract companies to locate in Ireland. It is fine to say that we will get 20,000 jobs in the financial services sector, yet the first number of jobs to be relocated went elsewhere. We need to have a far greater understanding of companies' needs and demands, the skill sets required and if we are doing enough in that area to attract jobs....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
John McGuinness: Both.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
John McGuinness: I have two final questions. Mr. Moran spoke about upskilling people and their different qualifications, the courses that are offer and the difficulty in a growing economy, regardless of how slow the growth is, in that there is competition for those who are skilled. What are the salary brackets in the Department? How many people are on a top level of salary and so on down the grades? Will...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
John McGuinness: Will Mr. Moran provide a list of the salaries structure?