Results 1,401-1,420 of 23,109 for speaker:Paddy Burke
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Is that because the Central Bank does not have the manpower to do it? It has the power but not the manpower. Is that the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: The power to go in and investigate.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: It is dependent on the banks to tell it the names of the people involved in the tracker-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: The witness has outlined that. Is it not the case that the Central Bank is dependent on the banks to give it the information on the people involved?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Why does the bank not allow the people to write to it and pick some of them to investigate and go into the bank and do its own investigation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: The Central Bank is taking information from people other than the banks, is that the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Is it satisfied with that? I have letters from several people going back to 2003 who do not know whether they are in or out. They have been waiting for months and years for communication and some of them think that they will never know.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Some of those loans in the meantime have been sold to vulture funds. Not alone have the banks sold the loans to vulture funds, but they have also given the private information of those individuals, which the banks have held, to them. Do the witnesses think that is correct? Is it allowed?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: I am sure it will be part of the redress. Would it not?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Ms Rowland said it is clear that all lenders did not sufficiently recognise or address the scale of those unacceptable failings until the Central Bank intervention. The Financial Services Ombudsman failed the majority of those people. It has been said quite openly here by people who have come to other meetings. It was the courts that brought it to the attention of the Central Bank. It...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Ms Rowland says that time limits should not be the defence for any financial institutions. Is she asking that the banks would cast aside the statute of limitations?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Ms Rowland is saying if those people write to the Financial Services Ombudsman, the statute of limitations can be waived if the case is outside the limitation.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Is that laid down in law?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: I am not quite clear on the process and members of the public will be less clear. Professor Lane said that lenders will undertake not to raise any time limit defences. Will that be the case in respect of all financial matters during the crash or tracker mortgage period? The Statute of Limitations has stopped some cases going ahead.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: SME loans could be trackers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: SMEs could have tracker mortgages.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: I apologise that I had to step out to attend another meeting earlier. The Central Bank is putting considerable pressure on the major banks to sell off loans - good and bad loans - perhaps bundled to get their books in order.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Will all of the loans associated with the tracker mortgage fiasco be excluded and have to be held on the banks books? I am referring to any that has not already been sold or transferred. Should the banks hold on to these until they are sorted out or does the Central Bank agree that they could be sold off to vulture funds?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: I understand that part. However, for the new sales of loans by banks, will they not sell any of these loans that have been uncovered recently or are going to be-----