Results 1,401-1,420 of 6,627 for speaker:Rose Conway-Walsh

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Access to Cash Bill 2024: Discussion (27 Feb 2024)

Rose Conway-Walsh: What was it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Access to Cash Bill 2024: Discussion (27 Feb 2024)

Rose Conway-Walsh: Was it €1.9 billion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Access to Cash Bill 2024: Discussion (27 Feb 2024)

Rose Conway-Walsh: I am just trying to get at why €1.9 billion is not enough and why the infrastructure to enable access to cash, particularly for rural areas, is not there.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Access to Cash Bill 2024: Discussion (27 Feb 2024)

Rose Conway-Walsh: No. I am asking why the landscape is not competitive when that amount of profit can be made.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Access to Cash Bill 2024: Discussion (27 Feb 2024)

Rose Conway-Walsh: What are the banks saying to Mr. Hayes with regard to why they are withdrawing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Access to Cash Bill 2024: Discussion (27 Feb 2024)

Rose Conway-Walsh: It is astonishing for laypeople to look at this and think that those amounts may not be enough, although Dr. Ugur said they are nominal. I know how people make decisions, but I do not understand why they may not be enough.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Access to Cash Bill 2024: Discussion (27 Feb 2024)

Rose Conway-Walsh: Of course it is. It is not that anything major has been done. It is because of the higher rates, the differential between the rates and the amounts that have been deposited.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Access to Cash Bill 2024: Discussion (27 Feb 2024)

Rose Conway-Walsh: I understand that. Last year was quite profitable as well. I have no reason to think that next year would not be profitable either.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Access to Cash Bill 2024: Discussion (27 Feb 2024)

Rose Conway-Walsh: We are looking here at reasonable access to cash and ATMs. I am particularly looking at rural areas. People see the amount of profit being made and they are wondering how the provision of reasonable access to cash could have a negative impact on the banking sector. That is what I am trying to get at and what would seem to be reasonable.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Access to Cash Bill 2024: Discussion (27 Feb 2024)

Rose Conway-Walsh: Yes. People would think that as well. When people had to bail out the banks and meet that cost, they would have asked why they had to do that for a small number of banks as well.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Access to Cash Bill 2024: Discussion (27 Feb 2024)

Rose Conway-Walsh: I really feel really strongly about this and the reason I do is because it is passed off like that. We saw the austerity that was caused in terms of the cutbacks in the most vulnerable communities in this country. We are severely feeling the impact of it. This is not just a transaction without any human cost. We are feeling the human cost of that austerity now and we will continue to feel...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Access to Cash Bill 2024: Discussion (27 Feb 2024)

Rose Conway-Walsh: It is, but this is getting back to who we are trying to protect here with this legislation and that is the most vulnerable people. It seeks to ensure people have financial security, especially elderly people, and control over their own finances. People who are on very low incomes and people who do not have transport also need to be able to go to a cashpoint to get cash in lower...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Access to Cash Bill 2024: Discussion (27 Feb 2024)

Rose Conway-Walsh: Okay, I understand that, and it is obviously the BPFI's responsibility to do it. I completely respect and understand that. In terms of the designated entities criteria to be broadened beyond just that of retail banks, what else is the BPFI looking at there? It is looking it credit unions and post offices. What else?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Access to Cash Bill 2024: Discussion (27 Feb 2024)

Rose Conway-Walsh: Okay.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Access to Cash Bill 2024: Discussion (27 Feb 2024)

Rose Conway-Walsh: Mr. Purtill could never see a point when it will go back to 2015.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Access to Cash Bill 2024: Discussion (27 Feb 2024)

Rose Conway-Walsh: We need to have safeguards in place. Can we talk about the provision of local deficiencies? To me, it would seem like it was a really good idea to have that in there to be able to provide for areas. Therefore, we can say there are a certain number of cash machines and ATMs in the west, but then we might see the people living in certain local areas may not have them. People should not be...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Access to Cash Bill 2024: Discussion (27 Feb 2024)

Rose Conway-Walsh: I will ask a final question. In 2020, AIB sold off 500 non-branch ATMs and Bank of Ireland and AIB sold off 1,200 between them in 2021. Until recently, the entire network was operated by banks and now it is down to one third. How much did the members make when they were sold off to private operators? I am not even asking for each one but how much was made.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Access to Cash Bill 2024: Discussion (27 Feb 2024)

Rose Conway-Walsh: Was any consideration given to the fact that private operators might close down ATMs that were not at a sufficient economic level for them?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Access to Cash Bill 2024: Discussion (27 Feb 2024)

Rose Conway-Walsh: No consideration was given to what those deployers might do. They might run it for a while and then just close it down, and that would be it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Access to Cash Bill 2024: Discussion (27 Feb 2024)

Rose Conway-Walsh: They charge enough. My goodness, they charge enough.