Results 46,861-46,880 of 49,836 for speaker:Stephen Donnelly

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Stephen Donnelly: I want to move on to the sale of Springboard. Is it fair to say that Springboard is a sub-prime mortgage loan book?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Stephen Donnelly: It was sold this year to Morris Capital for €468 million.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Stephen Donnelly: I apologise, that was the size of the loan book. While the loans were part of Permanent TSB group they were protected because Springboard was part of a regulated entity and, therefore, the code of conduct on mortgage arrears applied. Does the CCMA apply to Morris Capital or is it an unregulated entity operating in the State?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Stephen Donnelly: Is Morris Capital a regulated entity within the State?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Stephen Donnelly: What form does that commitment take? Is it a contractual agreement and does it have legal strength?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Stephen Donnelly: Does Permanent TSB have that in writing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Stephen Donnelly: In regard to distressed mortgages, I was surprised to see in the numbers supplied that there was no mortgage-to-rent agreement with Permanent TSB. Is that a policy decision on the part of the bank and, if not, why is the number zero?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Stephen Donnelly: Is the shelved portion on all splits set at 0%?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Stephen Donnelly: What is the figure?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Stephen Donnelly: Does the bank offer any debt for equity solutions?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Stephen Donnelly: I am delighted to hear that some of those things are happening. I ask the witnesses to investigate the way in which AIB uses the debt for equity solution. I think it is more applicable in other areas but the first area in which it was used was in respect of retirement and it is working. A couple aged 60 years who are six years away from retirement would get a split which allows them to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Stephen Donnelly: The delegation is very welcome and I thank them for their time. I thank Mr. Masding also for taking the time to fill out the questionnaire ahead of time, which is very useful. Can I start on the stress test? The piece that was failed by Permanent TSB suggested for the end of last year's accounts a shortfall of €855 million under the extreme scenario. Mr. Masding has made the point...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Stephen Donnelly: If the ECB ran the same test today, we would expect to see under the extreme scenario a capital shortfall of about €170 million, at the highest amount.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Stephen Donnelly: It looks like things are moving in the right direction financially for the bank. When does Mr. Masding think the bank will be at a stage where if the ECB were to run the tests, the bank would pass that third test as well as the other two?

Written Answers — Department of Education and Skills: Pupil-Teacher Ratio (11 Nov 2014)

Stephen Donnelly: 475. To ask the Minister for Education and Skills the average class size, on an individual school basis, for national schools in County Wicklow based on the number of pupils in mainstream classes; the numbers of teaching teachers as returned in the national school annual census; and if she will make a statement on the matter. [43159/14]

Written Answers — Department of Environment, Community and Local Government: Non-Principal Private Residence Charge Administration (11 Nov 2014)

Stephen Donnelly: 517. To ask the Minister for Environment, Community and Local Government if local authorities have the ability to return portions of the non-principal private residence fines and, if so, under what statutes. [43158/14]

Finance Bill 2014: Second Stage (Resumed) (6 Nov 2014)

Stephen Donnelly: In a moment I will talk about the specifics of the budget and things I would like added but first I would like the opportunity to review budget 2015 to see whether it stacks up against values I hold dear, along with other Members of Dáil Éireann across all parties. Budget 2015 is regressive. The combination of water charges and income tax changes means this budget will take money...

Mortgage Arrears: Motion (Resumed) [Private Members] (5 Nov 2014)

Stephen Donnelly: I thank and congratulate Deputy Collins on bringing forward this important motion at this time. We sometimes forget when we are talking about water charges and other important issues that over 160,000 mortgages in this country are in arrears. This means that 500,000 men, women and children are living in homes with mortgages that are in arrears. This does not include the tens or hundreds of...

Written Answers — Department of Environment, Community and Local Government: Irish Water Administration (5 Nov 2014)

Stephen Donnelly: 185. To ask the Minister for Environment, Community and Local Government if Irish Water, in accordance with PIR35 of the regional development plan for the greater Dublin area 2010-2022, is installing carrier neutral ducting during its infrastructure works; if it is recording and mapping all such ducting; if not, the reason; and if he will make a statement on the matter. [42306/14]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)

Stephen Donnelly: No, that is fine.