Results 6,381-6,400 of 16,285 for speaker:Peadar Tóibín

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

Peadar Tóibín: Gabhaim buíochas leis na finnéithe go léir as teacht isteach agus as an gcur i láthair seo a thabhairt dúinne. I would like to question the witnesses on the banking market in Ireland, which looks to be broken. What I mean by saying it looks to be broken is that there are two major players with 85% of the market at this stage. It is an oligopoly for all intents and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

Peadar Tóibín: I am approaching this subject from the perspective of the exit of Ulster Bank and KBC. We are looking at a shrinking market and a further concentration of the market into fewer hands. Situations like that never bode well for customers. Mention was made of capital requirements as a possible reason for banks to leave the market. What other reasons are there for banks to be leaving the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

Peadar Tóibín: This committee and Committee on Budgetary Oversight passed a motion seeking the development of a banking forum in which all the stakeholders in the sector would participate to explore how we can fix some of the dysfunction in the market. Would Mr. Crowley's bank be happy to participate in that forum?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

Peadar Tóibín: Over the years, I have done a lot of work for people in mortgage distress. I noticed that PTSB has sold many mortgages to investment funds, such as Pepper, for example. Is that still happening? If so, at what volumes is that occurring?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

Peadar Tóibín: Were any mortgages sold in 2020 to investment funds such as Pepper?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

Peadar Tóibín: Turning to the general market, PTSB in March reported a loss of €166 million. I think that occurred because the bank set aside €155 million against possible loan defaults. Have we information regarding those loan defaults materialising, because that would serve to give us a picture of what is happening with small and medium-sized businesses in the economy now? Has that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

Peadar Tóibín: That is fine.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

Peadar Tóibín: We hear regularly that one of the reasons small to medium-sized Irish builders cannot build at the moment is the lack of credit. In other words, the credit structure does not suit their building model and as a result international investment funds come in and soak up that market to a certain extent. What is the witnesses' experience of that? Why is there a problem with the credit...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

Peadar Tóibín: My final question relates to questions that were already asked. Is this not a poor time to sell banking shares, given what is happening?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

Peadar Tóibín: Sin sin. Míle buíochas as na freagraí.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)

Peadar Tóibín: Therefore, that €155 million has not yet been consumed.

State Pension Age: Motion [Private Members] (22 Jun 2021)

Peadar Tóibín: I understand an amendment has been sent into the office.

State Pension Age: Motion [Private Members] (22 Jun 2021)

Peadar Tóibín: My apologies. I will check that and revert to the Leas-Cheann Comhairle.

State Pension Age: Motion [Private Members] (22 Jun 2021)

Peadar Tóibín: Okay. We will sort that out. I thank the Leas-Cheann Comhairle.

State Pension Age: Motion [Private Members] (22 Jun 2021)

Peadar Tóibín: I am very happy to-----

State Pension Age: Motion [Private Members] (22 Jun 2021)

Peadar Tóibín: I would be very happy to furnish an amendment to both my colleague, Deputy O'Reilly, and yourself, a Leas-Cheann Comhairle.

State Pension Age: Motion [Private Members] (22 Jun 2021)

Peadar Tóibín: I will resolve that. Thank you.

State Pension Age: Motion [Private Members] (22 Jun 2021)

Peadar Tóibín: Cuirim fáilte roimh an rún seo. I hope the parties will support the Aontú amendment to ensure convergence between the pension ages in the North and South of Ireland. At the moment there is a difficulty with regard to the pension in the North of Ireland. It is symptomatic of the two-tier Ireland in which we live that when it comes to retirement, there is one rule for the...

Ceisteanna ó Cheannairí - Leaders' Questions (22 Jun 2021)

Peadar Tóibín: I did not say that.