Results 13,321-13,340 of 26,037 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
Kieran O'Donnell: How many of the 13,000 customers and how many of the 13,600?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
Kieran O'Donnell: What is the figure?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
Kieran O'Donnell: How many remain?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
Kieran O'Donnell: We will go to the calculator.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
Kieran O'Donnell: Can I get a breakdown of those per the individual institutions?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
Kieran O'Donnell: There are 13,036 people who have yet to be compensated and redressed. They are all individual customers. We know that Ulster Bank appeared to be much slower in its redress and compensation scheme than the other banks. That does not mean I am doling out gold stars to the other institutions. It looks to me as though Ulster Bank has redressed and compensated no one. Why is it so much behind...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
Kieran O'Donnell: We had the Minister for Finance in before us yesterday and I asked him the same question. What he said was he was informed by the Central Bank that Ulster Bank explained it by saying its systems were slower. He said the Central Bank accepted that. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
Kieran O'Donnell: Why? Why is it that a customer of AIB or Bank of Ireland will be compensated and redressed possibly up to six months before a customer of Ulster Bank? The ordinary person looking in is asking how that can be because a bank is a bank is a bank.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
Kieran O'Donnell: Did the Central Bank go in and do some sort of due diligence on its system to establish whether what it is saying is correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
Kieran O'Donnell: One of the reasons the tracker issue arose was the level of secrecy in the banks around the tracker issue. The Governor and Ms Rowland have informed us there are 13,036 customers still to be redressed and compensated. In the interest of transparency, I find it difficult to see what the issue is with the Central Bank not disclosing and making people aware of which institutions have yet to...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
Kieran O'Donnell: I appreciate the compliments.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
Kieran O'Donnell: Professor Lane will not disclose the breakdown-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
Kieran O'Donnell: I will move on to the issue of the €316 million that has been given out in compensation-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
Kieran O'Donnell: One moment, please. What is the breakdown between compensation and redress?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
Kieran O'Donnell: Some customers were being harassed by the banks. In some cases, customers lives were made a misery when they could not make repayments, while other customers were not even aware of the issue. Is there a difference in the levels of compensation being awarded to different customers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
Kieran O'Donnell: Regarding the redress and compensation, the witness mentioned that the average compensation was 15% of the redress amount. Is there a range and what is it? Is there a maximum or ceiling of 30% or 40% and is there a baseline figure of 10%, for example? How does it work?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
Kieran O'Donnell: When does the Central Bank anticipate it will have a complete list of people affected by the tracker issue?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
Kieran O'Donnell: In addition to the 33,700 to date, and 26,600 are the cohort, when does the Central Bank expect to find the final figure for those impacted?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
Kieran O'Donnell: The witness said four enforcement investigations are currently under way and that it is expected all the main lenders will face such investigations. Has the Central Bank specified who is involved in those enforcement investigations?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)
Kieran O'Donnell: Are the two main lenders?