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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

Gerry Horkan: The bank would be willing to do that for individuals.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

Gerry Horkan: Is that after the write-down or before the write-down?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

Gerry Horkan: The bank has made provision in its own accounts for a write-down.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

Gerry Horkan: It is effectively willing to give the vulture fund a write-down.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

Gerry Horkan: The bank would not be willing to sell it to the loanee for the same price.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

Gerry Horkan: I accept the moral hazard argument and many people are making huge sacrifices. They are not changing their cars, they are changing their children's schools and they are not going on holidays in order to make repayments. Others are certainly in a position where it is not a case that they will not pay but they cannot pay. The bank is going to take the hit and sell the loan to a vulture fund....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

Gerry Horkan: The average refund due with respect to the tracker matter is less than €2,000 on the new cases. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

Gerry Horkan: It is the miscalculation on trackers.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

Gerry Horkan: Is there a maximum and minimum with those figures?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

Gerry Horkan: Okay. The customer transaction issue was a result of human error. What was that error? Did somebody unplug something from a socket?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

Gerry Horkan: I am nearly finished with my questions. Did a UK operator flip the switch to cause a batch to falter?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

Gerry Horkan: Does that originate in the UK?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

Gerry Horkan: Should he have just left that bit off for the Republic of Ireland division?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

Gerry Horkan: Some aspect was touched by accident.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

Gerry Horkan: Mr. Coyle has addressed the matter enough.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

Gerry Horkan: Finally, I want to discuss the retail transformation programme. Earlier Mr. Stanley stated, "While we are not closing branches in 2018 this remains under constant review." As he also pointed out, people increasingly use mobile phones, technology and the Internet and, therefore, no longer need to use branches. Will the branch network differ in the future from what it is now?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

Gerry Horkan: How many branches are there?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
(19 Jun 2018)

Gerry Horkan: Does Mr. Coyle envisage that number will fall?

Seanad: Education (Admission to Schools) Bill 2016: Committee Stage (20 Jun 2018)

Gerry Horkan: It is. We have dealt with amendments Nos. 28, 51 and 52.

Seanad: Education (Admission to Schools) Bill 2016: Committee Stage (20 Jun 2018)

Gerry Horkan: It was supposed to have been done already, but the Minister can proceed. We were discussing amendments Nos. 28, 51 and 52. We had agreed to discuss them together, and that has been done. Does the Minister wish to respond to amendment No. 52?

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