Results 10,741-10,760 of 26,493 for speaker:John McGuinness

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

John McGuinness: We are now dealing with the scrutiny of the Central Bank (Variable Rate Mortgages) Bill 2016. I welcome Mr. Ed Sibley, director of credit institutions supervision, Mr. Bernard Sheridan, director of consumer protection and Mr. Mark Cassidy, head of the financial stability division from the Central Bank of Ireland. In accordance with Standing Order 141(2), the committee will continue its...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

John McGuinness: Before Deputy Doherty moves on to that topic, I wish to ask a question of the witnesses. What do they think of two banks appearing before an Oireachtas committee and saying that because of what they did 14 families lost their homes? What would they say to them? The banks openly admitted they did wrong and that what they did caused the loss of homes in 14 cases.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

John McGuinness: What will the Central Bank be able to do in each of those cases to address the fact that 14 families lost their homes? That is just one bank which is still conducting its review so there may be more cases. Will the Central Bank insist on the bank giving them back their homes?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

John McGuinness: Who will measure that? Will it be the Central Bank or will it allow the banks to measure the hurt?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

John McGuinness: Will the Central Bank not allow a bank, in particular where a family has lost a home – I accept there are other issues – to decide how the issue is to be addressed? The Central Bank will decide it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

John McGuinness: Who will decide on whether the compensation received by those families who have lost their homes in particular is appropriate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

John McGuinness: If it is not good enough, will the Central Bank send the bank back to the drawing board?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

John McGuinness: To make it easy for them would be to be generous in terms of the compensation and to understand the difficulties encountered. Deputy Doherty referred to the trauma, mental health and other health issues people had to go through because they were left to fend for themselves up to now. I am sorry for the interruption.

Planning and Development (Housing) and Residential Tenancies Bill 2016 [Seanad]: Second Stage (Resumed) (7 Dec 2016)

John McGuinness: I wish to share time with Deputies Haughey and Eugene Murphy. Deputy Haughey and I will have nine minutes each and Deputy Eugene Murphy will have two minutes.

Planning and Development (Housing) and Residential Tenancies Bill 2016 [Seanad]: Second Stage (Resumed) (7 Dec 2016)

John McGuinness: I welcome the opportunity to participate in the debate. We must look at what is happening in the courts. I am delighted that the Courts Bill 2016 has been somewhat derailed in terms of the change of jurisdiction from the High Court to the Circuit Court because all the Bill will do is speed up evictions, including those relating to buy-to-let properties. The latter are still people’s...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Matters Relating to Kerry Co-Operative: Revenue Commissioners. (7 Dec 2016)

John McGuinness: We have received apologies from Deputies Pearse Doherty and Michael McGrath. Deputy John Brassil is substituting for Deputy Michael McGrath and Deputy Martin Ferris is substituting for Deputy Pearse Doherty. I remind everybody to turn off mobile telephones as they interfere with the sound quality and transmission of the meeting. The first item on the agenda is a discussion on the taxation...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Matters Relating to Kerry Co-Operative: Revenue Commissioners. (7 Dec 2016)

John McGuinness: I thank Mr. Phelan.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Matters Relating to Kerry Co-Operative: Revenue Commissioners. (7 Dec 2016)

John McGuinness: If we allocate ten minutes in the first round, we can include questions and answers for each member. After the questions, Mr. Phelan will answer. We will do likewise with each member. Is that agreed? Agreed. I am trying to get through this in an organised way.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Matters Relating to Kerry Co-Operative: Revenue Commissioners. (7 Dec 2016)

John McGuinness: We have other speakers.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Matters Relating to Kerry Co-Operative: Revenue Commissioners. (7 Dec 2016)

John McGuinness: Senator Coghlan is not in the Upper House now.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Matters Relating to Kerry Co-Operative: Revenue Commissioners. (7 Dec 2016)

John McGuinness: Go ahead, Mr. Phelan.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Matters Relating to Kerry Co-Operative: Revenue Commissioners. (7 Dec 2016)

John McGuinness: We will come back to the Senator in a minute. He knows the game.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Matters Relating to Kerry Co-Operative: Revenue Commissioners. (7 Dec 2016)

John McGuinness: Mr. Phelan can go ahead and reply.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Matters Relating to Kerry Co-Operative: Revenue Commissioners. (7 Dec 2016)

John McGuinness: That would not prevent Revenue from applying penalties and interest.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Matters Relating to Kerry Co-Operative: Revenue Commissioners. (7 Dec 2016)

John McGuinness: Penalties. The interest will still apply in this situation.