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Results 981-1,000 of 1,118,872 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Joe O'Brien OR speaker:Dara Calleary OR speaker:Stephen Donnelly OR speaker:Joe Flaherty OR speaker:Seán Fleming OR speaker:Darragh O'Brien OR speaker:Brendan Smith OR speaker:Imelda Munster OR speaker:Michael Ring OR speaker:Mattie McGrath OR speaker:Carol Nolan OR speaker:John McGuinness OR speaker:Robert Troy OR speaker:Frank Feighan OR speaker:Damien English OR speaker:Mark Ward OR speaker:Michael Healy-Rae OR speaker:Christopher O'Sullivan OR speaker:Pippa Hackett OR speaker:Paul Murphy OR speaker:Patricia Ryan OR speaker:Matt Shanahan OR speaker:Seán Haughey OR speaker:Michael Fitzmaurice OR speaker:Dessie Ellis OR speaker:Colm Burke)

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

John McGuinness: Deputy Tóibín was first with 19 minutes. Deputy Boyd Barrett had 20 minutes. That is to make sure members understand I am a fair Chairman.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

John McGuinness: Deputy Conway-Walsh has switched her time with Deputy Doherty. I call Deputy Doherty.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

John McGuinness: Can the Governor respond?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

John McGuinness: To Deputy Doherty's----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

John McGuinness: Going back to the opening statement, which is very comprehensive, there are a number of issues. The statement mentions the work the Central Bank is doing which is aimed at serving the public interest and protecting consumers and financial services. That has been discussed throughout this meeting. This committee is currently dealing with the Department with regard to the wind-up of IBRC and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

John McGuinness: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

John McGuinness: I am not asking that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

John McGuinness: I am not asking that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

John McGuinness: I accept that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

John McGuinness: When someone comes to me, however, and alleges fraud and other activities, which may be bordering on criminal, I expect the Central Bank to look at that, in an overall sense relevant to the entity. While the entity may be changing and moving, the receiver is still there. I am not satisfied at all that the Central Bank, in this case any way, is serving that particular public interest. If it...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

John McGuinness: I do, yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

John McGuinness: I am not happy at all that the State can plough its way through the life of a family or families, as the case might be. I am not happy at all with it. I am not happy with the response received, with the IBRC or the receiver. There was sharp practice. I certainly wish for this matter to be examined. I will produce the paperwork and send it to the Central Bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

John McGuinness: A lot has been said about consumer protection. Deputy Durkan raised the matter in the context of vulture funds. He is perfectly right. Vulture funds and banks have moved back to an old position. I dealt with one bank today. I have to say that banks are not as engaging as they used to be in sorting out issues for costumers. They generally reach for the standard letter telling people to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

John McGuinness: Yes, I have noticed a shift backwards. I find the banks' behaviour appalling. Deputy Durkan is right; vulture funds are shocking in the way they treat people. When they contact me to query me on a particular file which I may not have with me at the time, they will then write to me to say I am not co-operating with them. I do not walk around with 20 files under my arm waiting for one of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

John McGuinness: A cash centre.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

John McGuinness: How will that be funded? Will it be funded directly from the Department?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

John McGuinness: Central Bank funding comes from the banks. Is that right?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

John McGuinness: We will not have issues like those at the children's hospital in respect of the safe house for the cash. I presume teams of professionals will be working to ensure value for money and all of that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

John McGuinness: That is something the committee is conscious of.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

John McGuinness: I will also ask about the retreat.

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