Results 1,381-1,400 of 26,399 for speaker:John McGuinness
- 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.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: That is good news to hear in relation to both of those issues. On the trackers, how many trackers, if any, are stuck in each of the banks? They will be aware of the tracker issue, the review? Are there any trackers that they had in the bank that has not been dealt with?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: Do any remain? AIB has dealt with all of its trackers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: What of Bank of Ireland?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: Okay. What of Permanent TSB?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: They are working their way through.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: Are any further loan sales coming up in any of the banks or do they think they have reached the end of that approach?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: What of the rest of the banks?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: Have all of the organisations reviewed the credit bureau, given that customers end up, for one reason or another, listed on the credit bureau and they are kind of blacklisted for a period? Is that something that is constantly and proactively reviewed by each of the banks?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: I had a small businessperson from Carlow with me who highlighted the issue. He said that because he was still being mentioned on this credit bureau, he found it very difficult if not impossible to get loans from the banks for his business. There must be some reference to it that, in turn, discourages banks from doing business with someone who is still listed on it. The reason he raised it...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: When we had the Central Bank representatives at the committee last week, we spoke to them about how the banks record or account for their losses. There is an EU regulation that sets out how that is to be done. I presume all of the banks follow the EU regulation. Has any bank been following advice that has been given to them by accountancy firms around that or do they stick rigidly to the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: So there is no deviation from the EU regulation and the banks all apply it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: I hope their sign-off is more forensic than the sign-off they gave from 2008 onwards. For Permanent TSB, Padraic Kissane was raising issues and I read some comments in regard to tracker cases and the ECB rate plus 3.25%. Would Permanent TSB clarify its position in that regard?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Issues: Discussion (27 Sep 2023)
John McGuinness: I hope you will because, way back in the tracker mortgage issue, he was one of the commentators who informed this committee and he is quite a reputable individual. When he raises an issue, I would like to think the banks take note and have a look at their own structures.