Results 21,941-21,960 of 23,109 for speaker:Paddy Burke

Seanad: Electoral (Amendment) (Voting at 16) Bill 2016: Committee Stage (21 Mar 2018)

Paddy Burke: The Senator is moving away from the section.

Seanad: Electoral (Amendment) (Voting at 16) Bill 2016: Committee Stage (21 Mar 2018)

Paddy Burke: I ask Senator Murnane O'Connor-----

Seanad: Electoral (Amendment) (Voting at 16) Bill 2016: Committee Stage (21 Mar 2018)

Paddy Burke: Senator Ó Donnghaile without interruption.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

Paddy Burke: Has the voluntary surrender campaign been closed down?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

Paddy Burke: I welcome Mr. O'Keeffe and his management staff. I take it from his report that no family homes will be sold in portfolios.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

Paddy Burke: That does not mean there will not be repossessions of family homes. Is it the case that the bank could go to the courts to seek repossessions? Is that the way the family home will be treated?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

Paddy Burke: Permanent TSB has a policy of voluntary surrender and debt write-off. Is AIB on the same plain on voluntary surrender and debt write-off both for buy-to-lets and for the family home?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

Paddy Burke: That is the case in all voluntary surrenders. According to the AIB opening statement, the ECB published guidance for banks on NPLs in March 2017. The policy started 12 months ago. When does the final day come? I am sure the policy has stated that banks have a certain period of time to have a plan in place. When does D-day arrive at which AIB has to have everything sold or have these plans...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

Paddy Burke: Is that the beginning of 2019 or the end of 2019?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

Paddy Burke: Therefore the bank has basically two years to clean up the books, whether that entails loan portfolio sales or whatever.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

Paddy Burke: A number of solicitors and auctioneers have contacted me about trying to get loan facilities in order to close the sale of properties. They say it is nearly impossible with all the regulation and red tape. Does the bank find that is the case? There are so many obstacles in place. They need proof of funds and articles of association if a company is buying the property. The red tape is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

Paddy Burke: Could Mr. O'Keeffe make recommendations to the committee that we could bring to the Minister for Finance or the Central Bank as to how it might streamline things for auctioneers, banks and legal people? The whole system is quite cumbersome at the moment.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

Paddy Burke: There are also new regulations on debt investors. Would that have an effect on the price the bank might get for loan sale?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

Paddy Burke: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks (22 Mar 2018)

Paddy Burke: I am sure there are restrictions and new guidelines put on them as to how they will operate the loan sales - the loans that they buy and how they will operate them and adhere to the original contracts or whatever. It will have an impact on how they deal with the loans they have from an interest rate point of view, whether they can increase them or whether they can get vacant possession and...

Seanad: Order of Business (29 Mar 2018)

Paddy Burke: She is a young-looking aunt.

Seanad: Order of Business (Resumed) (29 Mar 2018)

Paddy Burke: At some stage after the Easter break, the Leader might invite the Minister for Foreign Affairs and Trade to the Seanad to discuss the undocumented in the US. Recently, I read the special envoy from Ireland to Washington, Deputy Deasy, has said that the number of undocumented is 10,000, rather than the 40,000 or 50,000 that has been alluded to on numerous occasions previously.His assertion...

Seanad: Councillors' Conditions: Statements (29 Mar 2018)

Paddy Burke: Hear, hear.

Seanad: Councillors' Conditions: Statements (29 Mar 2018)

Paddy Burke: I thank Senator McFadden for sharing her time with me. I have spoken on quite a number of occasions on this matter so I will stick to a number of points. I welcome the Minister of State back to the House to debate the issue. As Senator McFadden has said, much has been spoken about what is a relatively easy matter with which to get to grips. I have no doubt but that with what has been done...

Seanad: Councillors' Conditions: Statements (29 Mar 2018)

Paddy Burke: Huge changes have taken place in the role of the councillor. In my time it was part-time but now I do not know if a councillor's job is full-time, part-time or something else. In any event, it takes considerable time. To put this in context, somebody who is self-employed must more than likely employ somebody to do work every week, whether on a part-time basis like a day or half a day a...