Results 1,441-1,460 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: Can we expect a policy change soon?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Paddy Burke: Has there been a shift in the rules because of Brexit?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Paddy Burke: I welcome that.

Seanad: Flood Prevention Measures: Statements (18 Oct 2017)

Paddy Burke: I welcome the Minister of State to the House and I wish him well in his portfolio. I am sure he will do a wonderful job. He has already proved himself as a back bencher and councillor. I would like to be associated with the expressions of sympathy to the families who lost loved ones over the last couple of days. It is a shocking tragedy for the three families concerned. The Minister of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Customer Experience (12 Oct 2017)

Paddy Burke: I welcome Mr. Kissane, Ms Grogan, Ms Melbourne, Mr. Ryan and Ms Byrne. I have the greatest of sympathy for them and my heart goes out to them. What the banks have done to them and thousands of other people throughout the country and is dreadful. On redress, all the cases are similar but different. Ms Grogan has said she will have to pay a mortgage even when she retires. I believe Ms...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Customer Experience (12 Oct 2017)

Paddy Burke: ----- find herself out of the market. Is the redress scheme for the life of the mortgage?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Customer Experience (12 Oct 2017)

Paddy Burke: Is the redress scheme for the life of the mortgage?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Customer Experience (12 Oct 2017)

Paddy Burke: Representatives of Ulster Bank told the committee that it had employed 200 extra staff on this process, that it could not go any faster, that it had put aside a certain amount of money to pay the redress and that it has to wait for clearance from the Central Bank. Why can it not go any faster and pay out the money? As Senator Kieran O'Donnell has said, banks are very thorough in everything...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Customer Experience (12 Oct 2017)

Paddy Burke: Mr. Kissane said the bank does not advise as regards mortgages.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Customer Experience (12 Oct 2017)

Paddy Burke: The banks say that. When Mr. Gerry Mallon of Ulster Bank appeared before the committee, I asked him whether his bank, when it makes a loan available to a customer, advises him or her of other costs such as insurance, mortgage protection and insurance against job loss that can be a significant annual cost on top of the mortgage and which many people do not take into account. I asked if the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Customer Experience (12 Oct 2017)

Paddy Burke: And ten-year fixed-rate loans in Ireland are at 2.9%.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Customer Experience (12 Oct 2017)

Paddy Burke: Mr. Kissane is saying the banks have formed a cartel in order to keep interest rates up.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Customer Experience (12 Oct 2017)

Paddy Burke: Does Mr. Kissane think the bank customers who have attended today's meeting, as well as other bank customers, have been let down by the financial ombudsman?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Customer Experience (12 Oct 2017)

Paddy Burke: Mr. Kissane thinks the previous ombudsman let all those people down.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Customer Experience (12 Oct 2017)

Paddy Burke: My next question may have been asked already. The Central Bank has a lot of power and banks have told the committee they are subject to its powers, to its oversight, etc. From what Mr. Kissane said, it seems the Central Bank is not using its powers. Should the Oireachtas should give it more power to take further action? Does it have enough power to wield the axe?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Customer Experience (12 Oct 2017)

Paddy Burke: Ulster Bank told the committee on 5 October that it does not have any cases on appeal.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Paddy Burke: In the early 2000s, I was speaking in the Seanad when a new bank was opening up. I felt there were too many banks in Ireland at that time. In my home town of Castlebar, with a population of 15,000, there were 14 places one could get money. We had AIB, Ulster Bank, Bank of Ireland, Irish Nationwide, EBS, First Active, credit unions, National Irish Bank, ACC Bank and others, but now we have...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Paddy Burke: The submission states that each regional public bank will be an independent, fully licensed, professionally managed financial institution with its own balance sheet and responsible risk management. The number of smaller branches will depend on the region, but the more smaller branches and mobile banks there are, the more expensive it will be. That is the kernel of the issue. If there are...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Paddy Burke: The witness is saying there is not one for everybody in the audience. Not only that, he is making the case that all the other banks can say they have too many branches. Is that not really what is being said?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Paddy Burke: Of course they are.