Results 21,181-21,200 of 23,109 for speaker:Paddy Burke
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: The consumer protection director indicated to the committee that the Central Bank did not have strong enough powers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: It strikes me that the vulture funds have ratcheted up activity with vulnerable people in trying to get their pound of flesh now that the rules changed following what was done in the context of section 110.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: AIB could sell loans before it opts for an IPO next year. Has it done due diligence on this and has the Central Bank gone into the detail of the types of loan that AIB might be selling to vulture funds to clear its books ahead of an IPO?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: The Central Bank is happy with that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: The witnesses place a lot of emphasis on engagement with the banks and have argued that customers should engage with the banks. To follow on from what the Chairman said, I know of an individual who tried to engage with his bank. It was a buy-to-let case. The rent he received was paying the interest but it was not paying any of the capital. He got a letter saying that he was going to put...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: Does Professor Lane have a view about the setting up of a special mortgage court to deal with mortgageholders and the banks and possibly have binding arbitration between the two?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: In respect of Brexit and the international banking sector, the witnesses stated that having shrunk materially in the aftermath of the crisis, it is starting to expand again. This trend may be reinforced by Brexit. I see that the Central Bank itself is setting up its own Brexit unit. How will the Brexit unit go forward?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: Does Professor Lane think the Central Bank sent out the wrong message earlier on when it said it did not want to scavenge on the UK's misfortune? Did that send the wrong message to potential investors?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: However, at around that time, Frankfurt was actively trying to entice financial institutions to Germany.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: They are all arms of the State however.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: Is it not the job of the Central Bank to bring competition in here as well?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: Why is the Brexit unit being set up?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Paddy Burke: I welcome the Secretary General and his staff. I have a few brief questions and will continue on from Senator Horkan's points on NAMA. Mr. Moran stated that NAMA could nearly do what it likes. There are quite a number of cases where litigation is taking place. Is it true that the Department of Finance is included in the litigation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Paddy Burke: Of course, yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Paddy Burke: But is the Department included in any litigation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Paddy Burke: I presume there are a number of high-profile cases.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Paddy Burke: Consequently, the Department has a role to play with NAMA. The Minister for Finance has full say over NAMA. That was in the NAMA Act that was brought forward.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Paddy Burke: As for the Department, the old management advisory committee seems to have been abolished and a new executive board has been set up. Is that the same people but with a different name?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Paddy Burke: Does management, the executive committee, make the decisions?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Paddy Burke: That is to be welcomed. Are there many members on the executive committee?