Results 1,361-1,380 of 26,392 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: The BPFI has vulture funds as members.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: Yes, vulture funds. What is Mr. Hayes's view on the fact that these vulture funds, particularly the ones that hold the biggest number of mortgages, refuse to attend an Oireachtas committee? As a former parliamentarian and Minister of State, I am sure Mr. Hayes has a view on that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: I met a number of them to try to resolve cases and to encourage them to come before the committee. The committee agreed at its previous meeting that we would invite them again. That is an open invitation to them to come before the committee at any time to explain what is going on. I presume-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: Maybe Mr. Hayes should encourage them again. Mr. Hayes stated that "Irish banks and non-banks have the widest set of solutions available to mortgage customers in difficulty across Europe". He is including the non-banks in that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: The reason I raise this matter with Mr. Hayes is that I want to follow on from Deputy Conway-Walsh who asked him if he had tried ringing a bank for any reason. I agree with the Deputy. Mr. Hayes should try ringing one of these vulture funds. The customer may reach out but the bank will not reply. I am saying this to Mr. Hayes because of the statement he made and is presenting. I have...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: Yes, I have.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: No, I have not.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: The other issue I raise with Mr. Hayes is the fact that some of these vulture funds have properties, some located in local authority estates and some in private estates, that have been vacant for years and are impacting on the adjoining properties. You may as well be talking to the wall as trying to get the funds to deal with some of the issues that are emerging from that aspect of their...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: I am not too worried about their happiness; I am worried about the customers and-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: -----their happiness. An awful lot of the vulture fund customers are living from day to day and attempting to use the processes that are in place to deal with the issues they have. It is just wrong for these funds to be let off the hook. They will not get off the hook for the customers I have represented because I intend to name them at another hearing if they do not attend this committee....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: -----that would look over the banks on a regular basis. They look at the bank, but do they look at it in depth? In other words, in relation to AIB, did they find anything in relation to the EBS tied agents or in relation to Belfry, or, in relation to all of the banks, the outstanding trackers that they have on their books within the banks? Did they discover anything about that? Did they...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: Did they raise issues, for example, in Dr. Hunt's bank, in relation to the two, namely, EBS and Belfry? Do they raise issues with Bank of Ireland in relation to its IT glitches?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: I take it that they were aware of it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: On those two matters, can the bank now conclude on those two matters?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: I presume that for the remaining number - I presume that Belfry 1 was fine and then, from 2 to 6, the bank was investigating it or reviewing them - that is where the 2,500 figure comes out.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: Including Belfry 1?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: For the remaining ones, are they caught up in one particular Belfry investment?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: Are there 900 still to be examined?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: I presume Dr. Hunt is anxious to get that wrapped up in terms of preventing any delays.