Results 47,481-47,500 of 49,836 for speaker:Stephen Donnelly
- Broadcasting (Amendment) Bill 2014: Second Stage [Private Members] (11 Apr 2014)
Stephen Donnelly: That was a direct quote.
- Broadcasting (Amendment) Bill 2014: Second Stage [Private Members] (11 Apr 2014)
Stephen Donnelly: If we cannot, under normal conditions, define, measure or test for offence, then it is preposterous to legally mandate broadcasters to filter it out, particularly in the world of live broadcasting. They cannot do it. So what do they do? They err on the side of caution. They make editorial decisions to stay away from certain topics and certain people and in so doing, they badly damage...
- Broadcasting (Amendment) Bill 2014: Second Stage [Private Members] (11 Apr 2014)
Stephen Donnelly: I move: "That the Bill be now read a Second Time."The distinguished programme is the programme that breaches the consensus of a society and shows the audience the world in a different light. At the root of every good programme is conflict because you cannot have a consensus-shattering moment without conflict. All distinguished programmes cause offence to somebody who wants to cling to a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Stephen Donnelly: I am slightly confused about writedowns. The bank's unambiguous position is that there will never be any writedown by the bank outside of a bankruptcy on secured debt. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Stephen Donnelly: Is that also the case for unsecured debt?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Stephen Donnelly: Say a borrower has an unsustainable portfolio of debt with Bank of Ireland comprising a mortgage and a credit card. Might Bank of Ireland enter into an arrangement with the customer to write down the credit card debt but not the mortgage debt?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Stephen Donnelly: Might the bank offer to continue with the mortgage as it is but write down a credit card debt of, say, €10,000 to €2,000?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Stephen Donnelly: Am I correct that any personal insolvency arrangement, PIA, proposed that includes a writedown of mortgage debt would be, and is, vetoed by Bank of Ireland?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Stephen Donnelly: On a voluntary sale where there is residual debt, does Bank of Ireland consider that to have been secured and not eligible to be written down, or is it deemed unsecured and eligible to be written down?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Stephen Donnelly: Say somebody has a house worth €200,000 and owes Bank of Ireland €300,000. There is an assisted voluntary sale leaving a residual debt of €100,000. That is clearly unsecured debt because there is no asset against it. Am I right that Bank of Ireland will not write down that unsecured debt under any circumstances that do not involve bankruptcy?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Stephen Donnelly: While I appreciate that, after the sale there is no security. Will Bank of Ireland not write down any residual debt, which is by definition unsecured and would have to be carried as such in the bank's accounts?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Stephen Donnelly: Will Bank of Ireland not write down that unsecured debt?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Stephen Donnelly: What does "follow through" mean? Will the bank not write down that debt?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Stephen Donnelly: What interest rate would Bank of Ireland apply to this unsecured debt?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Stephen Donnelly: Bank of Ireland obviously has responsibilities to its shareholders. If Bank of Ireland customers began to withdraw their deposits on the stated reason that the bank was playing hard ball in a way that none of the other banks appears to be, would that potentially change the policy on residual unsecured debt in assisted voluntary sales?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Stephen Donnelly: I appreciate that and I agree. Could Mr. Boucher answer the question I asked him?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Stephen Donnelly: What interest does Bank of Ireland charge on the shelved portion of a split mortgage?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Stephen Donnelly: So if a tracker customer pays 2%, the bank will shelve a portion of that mortgage and charge the same rate on the shelved portion as on the portion that the customer is paying.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Stephen Donnelly: There is no interest rate reduction on the shelved portion.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Stephen Donnelly: Therefore, the total payment commitment does not fall but is simply deferred.