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Ceisteanna ó Cheannairí - Leaders' Questions (4 Oct 2018)

Pearse Doherty: He is shifting the blame.

Ceisteanna ó Cheannairí - Leaders' Questions (4 Oct 2018)

Pearse Doherty: It is an abdication of responsibility. The Government has not heard the last of the thousands who marched on this House yesterday.

Ceisteanna ó Cheannairí - Leaders' Questions (4 Oct 2018)

Pearse Doherty: Will the Tánaiste name one project that councils would not support? That claim is nonsense.

Ceisteanna ó Cheannairí - Leaders' Questions (4 Oct 2018)

Pearse Doherty: Yesterday, thousands of people gathered outside the gates here to stand against the homelessness and housing crisis. There were people from all different walks of life and sectors of society, including students, parents, teachers, nurses, pensioners, workers and the unemployed. Their message to the Government, if it was not heard, was loud and clear. It was a message to the Government that...

Ceisteanna ó Cheannairí - Leaders' Questions (4 Oct 2018)

Pearse Doherty: There the Tánaiste goes again, saying our housing policy is working. If he says it over and over again, maybe he will even start to believe it himself. It is simply not working. Thousands of people came to the streets of Dublin yesterday to make it clear to the Government that it is not working. The Government is failing people, including students, those in emergency accommodation...

Ceisteanna ó Cheannairí - Leaders' Questions (4 Oct 2018)

Pearse Doherty: The Minister has projects on his desk. The Tánaiste knows that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Pearse Doherty: Ms Rowland indicated there are 3,200 individuals or families who were on tracker mortgages and had money wrongly taken from them without having it returned. Of those, 2,000 have been verified. What is the delay in the banks returning the money to them and providing compensation? Is it caused by the banks or is it because there are 1,000 or 1,200 cases that the Central Bank has not verified?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Pearse Doherty: Which bank is not making significant progress?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Pearse Doherty: Can Ms Rowland give a breakdown across the five banks as to the 3,200 individuals who have not yet received redress?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Pearse Doherty: Can Ms Rowland give the information without naming the banks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Pearse Doherty: The committee heard previously from the Central Bank about Ulster Bank and information technology difficulties that were causing delays in making payments. The committee was told last year that all of this would be paid in the first quarter of 2018. It will now be the first quarter of 2019 before people get payments. We were told additional action could be taken by the Central Bank. Is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Pearse Doherty: The majority of the 3,200 customers have been identified since March. To the best of the Central Bank's knowledge, when were the final customers in this cohort of 3,200 people identified? Were they identified by June, July or last month?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Pearse Doherty: There is a bit of work to be done.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Pearse Doherty: Is there any challenge or discussion between the Central Bank and individual lenders about cohorts of individuals that the banks have not identified but the Central Bank believes should be identified?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Pearse Doherty: I appreciate that. A number of appeals are going through the Financial Services Ombudsman, FSO, and court cases are being taken against the institutions to ensure customers are adequately compensated and redressed. Does the Central Bank have an indication of the numbers of people who have made appeals to the FSO, having exhausted the internal and independent mechanisms, and the numbers who...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Pearse Doherty: I understand that but my question was twofold. The first part is whether the Central Bank is aware of the numbers that are currently before the FSPO or the courts. The second, follow-on question is: if favourable opinions or decisions are given, either by the ombudsman or the courts, that would have a broader implication not just for the individual but a cohort of individuals who were not...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Pearse Doherty: How many cases is the Central Bank aware of that are either before the ombudsman or the courts? This is the third time I have asked this question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Pearse Doherty: I appreciate that. Professor Lane mentioned that the cost in redress and compensation has been €580 million to date. We know the cost to the banks has been in excess of that and it was said before by the Central Bank that it could be up to €1 billion. Are we now past the €1 billion cost in terms of the tracker scandal?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Pearse Doherty: There are a number of key recommendations in the report but the problem is that those recommendations were made before the report and we did not need the report. While we needed the investigation - and we have seen the methodology and the volume of work and hours that were put into it - the key recommendations were made before it, as Professor Lane mentioned in regard to LRC review. I was...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland (4 Oct 2018)

Pearse Doherty: I understand that. I have beaten the drum for years regarding individual accountability from bankers, which we need. However, individual accountability from bankers where people see that nothing went wrong means nothing. There is no accountability if the Central Bank cannot say something went wrong. If the Central Bank had that individual accountability regime, which makes it clear a...

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