Results 25,841-25,860 of 34,868 for speaker:Seán Fleming
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)
Seán Fleming: So the capital requirements are the same but the risk is different.
- 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. Stanley is saying approximately 0.75%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)
Seán Fleming: Has the risk in the market not improved significantly due to the reduced number of new mortgages? Surely the risk factor of a person who has been granted a mortgage, following a high level risk assessment, should be lower? In simple language, is the bank making riskier lending for mortgages in the Republic than in 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: If the level of risk is the same and the capital requirement is the same, why is there a different of 0.75% in the rate? It would be extraordinary if the bank were taking greater risks on the property market in the Republic than would be approved across the Border in Belfast. I am not getting the point of the argument that Mr. Stanley is making.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)
Seán Fleming: Are these the rules of Ulster Bank or the Central Bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)
Seán Fleming: Are they the rules of Ulster Bank?
- 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. Bell talks about the historical performance, how many years in terms of history does the bank go back? Does the bank go back five, ten or 40 years when looking at the historical performance? This is feeding into the current rate.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)
Seán Fleming: How many years does the bank have to look back to see the historical performance?
- 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 Mr. Bell saying that because in the previous ten years, new customers in their twenties, who were children ten years ago and are now borrowing because they have reasonable jobs will have to pay a higher interest rate in the South, solely because of the historical performance of other people's loans ten years ago? Is that what Mr. Bell is saying?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)
Seán Fleming: Does he think that is fair?
- 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 want to be positive. I thank Ulster Bank for its announcement about not chasing people in negative equity who would be eligible for social housing. If we could get a number of other banks to do the same, we would be very pleased. I acknowledge that positive move. New mortgage holders, who have never had a mortgage in their life before will be penalised by the mortgage rate for the...
- 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 do not expect the delegates to have the answer to my final question. Will Mr. Brown send the regulatory rules that specifically states that to the committee secretariat?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Seán Fleming: I welcome Mr. Boucher and his colleagues. We are in the process of meeting with the key banks to discuss the current situation, particularly in regard to mortgages. I noted two bits of good news in the presentation from Mr. Mason. First, I noted that 92% of Bank of Ireland owner-occupier mortgages are not in default and second, that of all the civil bills issued last year, Bank of Ireland...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Seán Fleming: I take it that is a "yes" therefore that the Bank does follow after homeless people for the balance. The answer is that it is full recourse lending on the property and the person is liable for the recovery of any shortfall between the sale proceeds and the mortgage loan. I am surprised, but Bank of Ireland seems to suggest it does follow up on homeless people for the negative equity.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Seán Fleming: Bank of Ireland got off to a great start here, with a positive presentation. However, it is now saying it will chase up homeless people. I am amazed it would not leave homeless people alone. Does it not think homeless people have enough trouble, without following them for negative equity? I take it as a "yes" that it will follow up on them, because it cannot say it does not. On the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Seán Fleming: What percentage is it now? It was 55%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Seán Fleming: What is the final percentage?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Seán Fleming: Looking at the figures, the impairment in 2014 was €542 million, down from €1.665 billion the previous year.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Seán Fleming: Therefore, that €542 million was well over €800 million, but Bank of Ireland had a write back of approximately €280 million, for a net rate.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Seán Fleming: That is still quite a provision in 2014, given what has been said. Is Bank of Ireland over providing?