Results 2,401-2,420 of 4,928 for speaker:Peter Mathews
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: You should moderate your views, Chairman.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: Chairman, it is the same for AIB and Bank of Ireland. As you said, these meetings are about the overview of the financial sector.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: It is life assurance.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: I have ten minutes, is that right?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: Thank you, Chairman. I thank Mr. Brown for coming. I have a certain amount of sympathy for him, as I do for all his peers in the other banks, in this regard only, that he is the meat in the sandwich. Where are the banks' boards of directors? They direct the banks and the financial sector. They are the guys who signed off on the behavioural policies and strategies of the banks leading up...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: Senator Barrett is correct. The bank did have those standard financial statements before the bubble. What happened then? What minds were working? At the top were they cocaine fuelled rather than credit fuelled? It is a very serious responsibility with which we have been left. Bank of Ireland had €61 billion of senior secured debt on its balance sheet in March 2008. That is...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: It is unfair to the staff of the banks, who are distressed. There is no communication because people are frightened. Luckily I only have a current account with Bank of Ireland. When I ring that bank's branch in Stillorgan my call is diverted to a call centre in Limerick. It is mad. The banks paid millions of euro to management consultants to tell them how to run their businesses but they...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: Mathematically, 66.66% of the loans advanced during the course of the bubble should be written off because they are for the accounts of the banks. The customers cannot create credit for themselves. They receive credit and in turn the banks get credit from investors, including in senior secured debt in the case of Bank of Ireland. That bank hosed €61 billion in senior secured debt at...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: I have a last question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: How many property receivers -----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: ----- have been appointed?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: You have come in on many questions all over the place. It is very unfair.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: I know you are. You have to be fair.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: Have I shown myself to be disposed to be helpful?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: Chairman-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: I need ten seconds for a question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: I have a ten second question. The Chairman can time it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: Does the bank subcontract any collection and recovery work to outside third parties?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: Would this include organisations such as Certus and KPMG?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: I suggest that the bank should retain in-house people who will help to educate the future lenders in order to avoid the excesses of the past. There is no point in giving it out to third parties and not having the skills to anticipate the problems in the future.