Results 22,001-22,020 of 23,109 for speaker:Paddy Burke
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Paddy Burke: I asked a specific question as to whether anybody lost his or her job over this but nobody lost-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Paddy Burke: Professor Lane is not answering my question so I will move on.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Paddy Burke: Professor Lane said that the number of customers affected by the tracker issue has risen to 37,100 and that the Central Bank is responsible for that. I would contend that this would not have happened at all were it not for the relentless pressure from this committee on the Central Bank and on the various banks that we hauled in here, month after month. Eventually, the Minister for Finance...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Paddy Burke: When NAMA was being set up in 2010, the then Minister for Finance, the late Brian Lenihan, said that there would still be a need for 25,000 houses per annum. The Central Bank has all of the information at its disposal, in terms of the wages people are earning, rates of unemployment and so on. What recommendations did the Central Bank make to the Government? It has laid a lot of blame on...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Paddy Burke: Does the Governor think that the price of an average house is too expensive? Is there enough competition among banks to enable people to secure loans?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Paddy Burke: The normal pillar banks are AIB, the Bank of Ireland and Ulster Bank. The PTSB has told us that it cannot lend to developers to develop houses. If a person has two sites he or she cannot get funding from the PTSB to build two houses because of the regulations that the Central Bank has put in place. Basically, lending is limited. An ordinary person or small developer who wants a mortgage...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Paddy Burke: The Governor has said that equity funding is a good idea. Does he not think it is also a bad idea because equity funds buy up all the sites and there is no competition?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Paddy Burke: Cairn Homes has between 12,000 and 15,000 sites in the city of Dublin and I cannot see how that can be positive.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Paddy Burke: Earlier today the Royal Bank of Scotland was fined $5 billion by the United States for selling some bad products. Did the RBS sell the same type of products in this country? If so, were fines imposed on the bank? Will Ireland have to pay a portion of the fine?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Paddy Burke: We, as a committee, have tried on numerous occasions to get representatives of the vulture funds to come in here. Is there anything in the armoury of the Central Bank that can help us to bring the vulture funds before the committee? The vulture funds operate in the system and I am sure they are governed by some Central Bank regulations. Is there anything the Central Bank can do to help...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Paddy Burke: Correct, yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Paddy Burke: The President of the High Court, Mr. Justice Peter Kelly, said that one had to be either very rich or very poor to get to the courts to get justice. This could apply to many people in the SME sector too. I am sure the Central Bank would agree that everybody should have a good and well-funded pension. Members of the Oireachtas recently received a lot of mail from staff of Irish Life, where...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Paddy Burke: Will Professor Lane come back to the committee with recommendations?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Paddy Burke: I welcome the witnesses. Yesterday, Mr. Burgess found out that Pepper is overcharging by small amounts of money. When we found out first about the tracker mortgages it was supposed to be a very small number of cases but now we find it is almost 40,000 cases. How did Mr. Burgess find out about overcharging by Pepper? What does he think the extent of it will be? Is it greater than what is...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Paddy Burke: Are they overcharging as well?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Paddy Burke: Does Mr. Burgess think the Central Bank should have found this out?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Paddy Burke: Mr. Burgess thinks the Central Bank knew about this.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Paddy Burke: The last few months. The Central Bank certainly did not bring it to the attention of this committee that there was more overcharging by financial institutions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Paddy Burke: I would not get the impression from Charlie Weston's article that the Central Bank knew about it. It seems to be surprised this was going on.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Paddy Burke: Yes, we should write to the Central Bank in this regard. The Minister for Finance said some time ago that people who take over loans must abide by the terms of the original loan. Do the witnesses agree this is the case or is there a deviation from that?