Results 16,521-16,540 of 26,579 for speaker:John McGuinness
- Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)
John McGuinness: My final question relates to the fact that half of credit unions are under lending restrictions by the regulator. How does ReBo influence the lifting of the restrictions?
- Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)
John McGuinness: Do individual credit unions decide?
- Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)
John McGuinness: That brings our hearing to an end. I wish to make an appeal to everyone in both the public Gallery and the witnesses from the Central Bank, the Department of Finance, ReBo and the Irish League of Credit Unions. My experience of credit unions is that they are a hugely important part of local communities. Everybody agrees that is the case. A significant number of individuals and businesses...
- Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)
John McGuinness: Mr. McVeigh has obviously travelled a great deal and amassed some experience in this area. Will he indicate the countries at which we should look in the context of legislation designed to facilitate that type of development within credit unions, particularly in view of his knowledge of the structure of credit unions here?
- Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)
John McGuinness: Would we have to travel to Canada to examine the system?
- Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)
John McGuinness: That is a good answer.
- Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)
John McGuinness: In the context of what our guests have set out in terms of their vision of banking, I am of the view that the structure of the credit union movements is suited to what is proposed. Our guests are involved in a process of engagement with all of the credit unions with the exception of the 64 to which reference was made. That process is due to conclude in 2015 or 2016 and, as Mr. O'Toole is...
- Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)
John McGuinness: Are those voices loud or are they just speaking in whispers? How big is the obstacle?
- Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)
John McGuinness: What is the position of the Central Bank in respect of this matter?
- Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)
John McGuinness: Would it be possible for us to see the consultation paper or the results of the process relating to it in order that we might obtain an idea of how the Central Bank approached the matter?
- Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)
John McGuinness: That brings me to the fund and the question of engagement with the credit unions. I understand the regulatory position, the platform that is being created and the need for it. Does the board provide training to staff in respect of ICT and other issues as credit unions are amalgamated? Is the latter contemplated under the funding for the operation? Is such money paid out by the board and...
- Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)
John McGuinness: Is that financial support repayable?
- Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)
John McGuinness: I ask this question because now that the board is engaging with them, is it not time to train them in such a way that it would be directing them towards Mr. McVeigh's vision?
- Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)
John McGuinness: Are the majority of them anxious to go-----
- Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)
John McGuinness: On the terms and conditions that were agreed two weeks ago-----
- Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)
John McGuinness: They were given to the board. From where did they come? Did they originate in Europe?
- Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)
John McGuinness: So they were issued two weeks ago.
- Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)
John McGuinness: I declare an interest. I am a member of my local credit union and a great supporter of the movement. Mr. McVeigh spoke earlier about the services being delivered through the credit unions to their clients - customers.
- Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)
John McGuinness: Members. Do the credit unions subscribe to that? Do they agree that is the direction in which they want to go? Do they accept the vision Mr. McVeigh set out? What is the difference between a bank and an entity that delivers banking services, as Mr. McVeigh described it?
- Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)
John McGuinness: They are all good this morning.