Results 2,381-2,400 of 4,928 for speaker:Peter Mathews
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Peter Mathews: The euro system is where AIB gets it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Peter Mathews: It is the euro system which-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Peter Mathews: The numbers should be provided to us as a matter of course.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Peter Mathews: I say "Well done" to the four delegates, Brendan, Bernard, David and Myles, for taking up the cudgels as they have done in the past two or three years. Some of them have done so only recently, including Mr. Duffy. The Irish banking sector is a very messy place to be in. We are talking about the overview of the financial sector. In September 2009 I first exercised myself on this issue...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Peter Mathews: Perhaps €95 billion. Therefore, AIB is at a provisioning rate of approximately €17 billion over €95 billion and approaching approximately 19% provisions against its gross loans. Its sister organisation for peer review purposes, the other so-called pillar bank, is at 6.8% provisions against a total loan book of €105 billion. We are asking about the overall...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Peter Mathews: That is unreasonable. Please allow me another two minutes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Peter Mathews: These questions must be answered, whether at this time or outside.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Peter Mathews: Please, I have been fired from this committee. I am asking the questions that matter for the future of the people. The economy is very sick and households are distressed and hopelessly in debt. Three weeks after its publication on 25 August 2011 a paper on the real effects of debt by Cecchetti, Mohanty and Zampolli was dismissed by the Minister for Finance as "kindergarten economics"....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Peter Mathews: These papers which have been ignored and inform the banks on what they should do are four years old.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Peter Mathews: The Department of Finance, the Government and the Cabinet need to be brave and raise this matter in Europe.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Peter Mathews: I thank Mr. Duffy for his efforts. I know it is tough. I have been in that place and have carried out loan recoveries. That is why I know what I am talking about.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Peter Mathews: To conclude quickly on that point that I was making about the banking sector as a sector with responsibility for the exponential bubble in asset prices which left this legacy of debt that Deputies Spring and Higgins stated is wrong, not only for an economy but also for people and households, I have come across households with suicides, break-ups and children being traumatised by hearing the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Peter Mathews: I was talking about the loan-to-deposit ratio.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Peter Mathews: The eurosystem.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Peter Mathews: It will not, if people do not at least try-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Peter Mathews: I must get straight to it as time is against me. An overall calamity has hit Ireland, and it is a shameful episode of ten years, with four years after 2008 and six years leading up to that time. The banking sector - not just here but abroad and everywhere - has acted disgracefully, crushing and distressing households and indigenous businesses. I can explain mathematically how this was...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Peter Mathews: It is very important that people understand this, and they ought to understand it if they are reluctant to understand it. A national concerted effort is needed to get the country out of the hole and to drain the swamp so normal economic activity can start again. Yes, it is approximately €60 billion for the euro system. As regards the promissory note of €27 billion that was...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Peter Mathews: We did not even ask for it. Does the witness know why? It is because our establishment figure in the form of the Governor of the Central Bank was a co-author of the promissory notes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Peter Mathews: HBOS got out of this country with 45% to 50% losses on a €42 billion loan book.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: Please restrain yourself, Chairman.