Results 2,041-2,060 of 4,002 for speaker:Rose Conway Walsh

Seanad: Commencement Matters: Farmers Indebtedness (23 May 2018)

Rose Conway Walsh: I thank the Minister of State for his reply. I appreciate that I asked a number of specific questions that were not indicated in the matter raised by me. I will seek further answers from the Minister for Agriculture, Food and the Marine. It is important that there be better congruence between the Departments of Finance and Agriculture, Food and the Marine to ensure farmers who are...

Seanad: Order of Business (23 May 2018)

Rose Conway Walsh: I commend all of those who are organising the rare breeds conference in Mulranny this weekend, starting on Friday. It is a very important conference which I attended last year. Wonderful work is being done in this country on rare breeds, their development and the importance of that to the agricultural sector. It impinges on other sectors as well. I wish the organisers well for the...

Seanad: Order of Business (Resumed) (23 May 2018)

Rose Conway Walsh: It is really not that. The Leader knows what I am talking about - a Keynesian approach.

Seanad: Order of Business (Resumed) (23 May 2018)

Rose Conway Walsh: The Leader knows that.

Seanad: Order of Business (Resumed) (23 May 2018)

Rose Conway Walsh: Why will the Government not spend it on water?

Seanad: Order of Business (Resumed) (23 May 2018)

Rose Conway Walsh: The €0.5 billion the Government will put into the rainy day fund.

Seanad: Order of Business (Resumed) (23 May 2018)

Rose Conway Walsh: Tell him to grow up.

Seanad: Order of Business (29 May 2018)

Rose Conway Walsh: In light of Senator Mulherin's concern about student accommodation I encourage her to support Deputy Eoin Ó Broin's Bill to address the exploitation of students. I want to talk about the referendum and congratulate everybody involved and commend the people of Ireland who came out in huge numbers to vote. I commend Senator Ivana Bacik on the work she has done and others who have worked...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (29 May 2018)

Rose Conway Walsh: I thank the witnesses for their presentations. This Commission package did not come out of the blue. On the one hand, we have the ECB saying that it is up to banks to deal with NPLs and, on the other, the European Commission just happens to introduce proposals to facilitate the vultures and accelerate the enforcement of loans secured by collateral. What co-ordination has there been between...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (29 May 2018)

Rose Conway Walsh: What was the input of the Central Bank and the Department to those proposals?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (29 May 2018)

Rose Conway Walsh: I understand all that but what was the input of the Central Bank and the Department into this?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (29 May 2018)

Rose Conway Walsh: What input does the Central Bank plan to have in the future?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (29 May 2018)

Rose Conway Walsh: If we have a crash similar to that experienced recently or there is an economic slump, many people will lose their jobs and be unable to pay off their loans. How does a bank having additional reserves change any of that? What difference will it make? Is there anything in these proposals that will protect the homeowner or landowner?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (29 May 2018)

Rose Conway Walsh: Surely that would mean that homeowners or landowners would lose their assets more quickly. If banks are being told to deal with borrowers earlier, then people would not be given a chance to recover.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (29 May 2018)

Rose Conway Walsh: I understand that. We do not need to engage in an exercise on how the system works. I am concerned that these proposals may result in additional pressure on the banks. I recognise their merits on a macro level but I am concerned about how we can ensure that the banks have proper and meaningful engagement with borrowers at an earlier stage. How do we make sure that is done rather than what...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (29 May 2018)

Rose Conway Walsh: Does that apply to land? Would it apply to farmers, for example, whose land is their main asset?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (29 May 2018)

Rose Conway Walsh: Most farmers would not be affected at all in that case, given that there are not many farmers in the west of Ireland who can boast of a turnover of €3 million.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (29 May 2018)

Rose Conway Walsh: That would not affect the behaviour of the bank towards consumers.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (29 May 2018)

Rose Conway Walsh: Given the stake that the people have in the banks, what would be the implications for the capital positions of the banks if this were to be implemented tomorrow? How will the new provision interact with the capital requirement rules that are already in place? I also want to know about the impact on interest rates.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (29 May 2018)

Rose Conway Walsh: Therein lies the problem: an increase in interest rates could put people who have loans in a difficult situation again and the loans will go from performing to non-performing. As a committee we need to look ahead at what may happen and what restrictions will then be in place because of this directive.