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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

John McGuinness: We now move on to our engagement on the banking sector in Ireland with Mr. Gerry Mallon, chief executive officer of Ulster Bank. I welcome Mr. Mallon and his colleagues, Mr. Paul Stanley and Mr. Andrew Blair. I also thank him for the information provided in advance of this meeting in response to questions from the committee which will form the backdrop to this meeting. I remind everybody to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

John McGuinness: With regard to the 2,141 businesses transferred and the delegation's opening remarks, there is not a bank that has appeared before us that would not say the same thing, namely, that the customers comes first and that they are being looked after. With regard to the global restructuring group and those businesses that went into it, Mr. Blair cannot tell us the exact number that emerged. It...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

John McGuinness: That is it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

John McGuinness: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

John McGuinness: Okay. The other members who have spoken have asked for various information. May I request Mr. Mallon and Mr. Blair to provide an overview and the details requested by the members, including sight of the report by Mason, Hayes & Curran, if published? I ask that Ulster Bank provide as much detail as it possibly can on this issue, including on the breakdown of the accounts that were...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

John McGuinness: Will Mr. Mallon give the information now?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

John McGuinness: Will Mr. Mallon answer Deputy Murphy's question now?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

John McGuinness: The Senator will need to be quick with the questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

John McGuinness: In the context of assisting Mr. Blair, Senator O'Donnell is not asking him about a specific sale to a vulture fund but, generally, the kind of discounts that applied to sales.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

John McGuinness: That is what I am saying, yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

John McGuinness: Did Mr. Blair say €14 billion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

John McGuinness: They have just thrown 2,141 customers under the bus with the restructuring. We can deduce that their interest is the bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

John McGuinness: That concludes this part of the meeting. Thank you for your attendance this morning. I remind you again of all the information requested by members. Presumably, we will talk to you again on the global restructuring group and its activities. Please give all the replies directly to the clerk.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Costs of Business Insurance: Discussion (1 Dec 2016)

John McGuinness: We will now resume in public session. We are looking at the cost of business insurance. I welcome Mr. Padraig Cribben, chief executive officer with the Vintners Federation of Ireland and Mr. Donall O'Keeffe, chief executive officer with the Licensed Vintners Association. Deputies must attend the Dáil for a vote and 12.45 p.m. and the Senators must go to their business at 1.30 p.m. I...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Costs of Business Insurance: Discussion (1 Dec 2016)

John McGuinness: I thank Mr. Cribben. I now invite Mr. Donall O'Keeffe to make his opening statement.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Costs of Business Insurance: Discussion (1 Dec 2016)

John McGuinness: The delegates' recommendations for oversight of the insurance industry run along the same lines as those made in our report on the motor insurance industry, bar one, the recommendation relating to the PIAB and legal costs. Generally, the recommendations are the same, which is welcome. Have the Vintners' Association of Ireland and the Licensed Vintners Association made submissions to the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Costs of Business Insurance: Discussion (1 Dec 2016)

John McGuinness: The delegates do not make reference to this here, but is it their experience that claims are often settled without them about knowing it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Costs of Business Insurance: Discussion (1 Dec 2016)

John McGuinness: Have the associations engaged directly with the insurance companies on this issue?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Costs of Business Insurance: Discussion (1 Dec 2016)

John McGuinness: I have to attend a vote in the Dáil. Excuse me.

Written Answers — Department of Health: Mental Health Services Staff (1 Dec 2016)

John McGuinness: 73. To ask the Minister for Health the targets that will be in the 2017 HSE service plan for child and adolescent mental health service teams staff levels in CHO 5 next year to bring them closer to the target set in A Vision for Change; and if he will make a statement on the matter. [38062/16]

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