Results 25,821-25,840 of 34,868 for speaker:Seán Fleming

Leaders' Questions (30 Apr 2015)

Seán Fleming: The Minister asked the question. Does he want the answer?

Leaders' Questions (30 Apr 2015)

Seán Fleming: Put it to him, or I will rise again if he does not-----

Leaders' Questions (30 Apr 2015)

Seán Fleming: Will he-----

Leaders' Questions (30 Apr 2015)

Seán Fleming: Will the Minister withdraw the question?

Leaders' Questions (30 Apr 2015)

Seán Fleming: Will the Minister withdraw the question? This will not run any more. Will he withdraw the question?

Leaders' Questions (30 Apr 2015)

Seán Fleming: No. He asked a question.

Leaders' Questions (30 Apr 2015)

Seán Fleming: I will answer his question.

Leaders' Questions (30 Apr 2015)

Seán Fleming: Will he withdraw it?

Leaders' Questions (30 Apr 2015)

Seán Fleming: Will he withdraw the question?

Leaders' Questions (30 Apr 2015)

Seán Fleming: Will he withdraw the question or else let me answer it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Seán Fleming: I welcome Mr. Brown and his colleagues to the meeting. I wish to deal with the point made by Mr. Brown that the cost of providing mortgage finance in Ireland is substantially higher than in other jurisdictions in which Ulster Bank and RBS operate. It is my understanding that the lowest three-year rate for a borrower in the Republic is 3.65%. However, a person in the same loan-to-value can...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Seán Fleming: Why is this the case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Seán Fleming: For the equivalent type customer here and in the North who meets all similar requirements such as income, risk, property value, occupation, public servants, why would there be a different risk factor?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Seán Fleming: Mr. Brown is saying that the cost of providing a mortgage is higher here-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Seán Fleming: -----than if I were to drive to the other side of the road into Northern Ireland.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Seán Fleming: I ask Mr. Brown to spell out the difference between the requirement here for capital against what is required in the North.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Seán Fleming: I ask Mr. Brown to translate that into money for us. What ratios are required here versus in the North?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Seán Fleming: That is the figure but what is the capital requirement? Mr. Stanley is saying it is different for the banks here to lend a mortgage here versus the capital requirement in the Six Counties. What is the difference in the two markets, between our Central Bank and their authorities there?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Seán Fleming: Is 15%, 20% or 10% capital required? What is the difference? The witnesses have stated three times that the capital requirements for providing a mortgage here is higher. Tell me the difference.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Seán Fleming: The chief executive said something different just ten seconds ago. He said the capital requirement is different. Now Mr. Stanley is saying that they are the same.