Results 2,961-2,980 of 49,836 for speaker:Stephen Donnelly
- Written Answers — Department of Education and Skills: Pupil-Teacher Ratio (11 Nov 2014)
Stephen Donnelly: 475. To ask the Minister for Education and Skills the average class size, on an individual school basis, for national schools in County Wicklow based on the number of pupils in mainstream classes; the numbers of teaching teachers as returned in the national school annual census; and if she will make a statement on the matter. [43159/14]
- Written Answers — Department of Environment, Community and Local Government: Non-Principal Private Residence Charge Administration (11 Nov 2014)
Stephen Donnelly: 517. To ask the Minister for Environment, Community and Local Government if local authorities have the ability to return portions of the non-principal private residence fines and, if so, under what statutes. [43158/14]
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Stephen Donnelly: The delegation is very welcome and I thank them for their time. I thank Mr. Masding also for taking the time to fill out the questionnaire ahead of time, which is very useful. Can I start on the stress test? The piece that was failed by Permanent TSB suggested for the end of last year's accounts a shortfall of €855 million under the extreme scenario. Mr. Masding has made the point...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Stephen Donnelly: If the ECB ran the same test today, we would expect to see under the extreme scenario a capital shortfall of about €170 million, at the highest amount.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Stephen Donnelly: It looks like things are moving in the right direction financially for the bank. When does Mr. Masding think the bank will be at a stage where if the ECB were to run the tests, the bank would pass that third test as well as the other two?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Stephen Donnelly: According to Permanent TSB's reply to the committee, its cost of capital is 174 basis points, or 1.74%. Mr. Lucken indicated that the ECB money comprises approximately €6 billion of that. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Stephen Donnelly: Is that through the LTRO programme?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Stephen Donnelly: I understand the ECB is making money available for significantly less than 174 basis points. Is there an opportunity for Permanent TSB to reduce its cost of capital by accessing cheaper ECB money and can the State do anything to help that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Stephen Donnelly: Mr. Masding is saying that Permanent TSB is sufficiently exposed.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Stephen Donnelly: Mr. Masding referred earlier to a margin of 88 basis points. He said it is higher for the core bank. Is he allowed to state the figure for the core bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Stephen Donnelly: How does that compare with the UK? Are we higher or lower?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Stephen Donnelly: Is Permanent TSB trying to move there?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Stephen Donnelly: Is the 121 figure increasing?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Stephen Donnelly: I want to move on to the sale of Springboard. Is it fair to say that Springboard is a sub-prime mortgage loan book?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Stephen Donnelly: It was sold this year to Morris Capital for €468 million.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Stephen Donnelly: I apologise, that was the size of the loan book. While the loans were part of Permanent TSB group they were protected because Springboard was part of a regulated entity and, therefore, the code of conduct on mortgage arrears applied. Does the CCMA apply to Morris Capital or is it an unregulated entity operating in the State?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Stephen Donnelly: Is Morris Capital a regulated entity within the State?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Stephen Donnelly: What form does that commitment take? Is it a contractual agreement and does it have legal strength?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Stephen Donnelly: Does Permanent TSB have that in writing?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Stephen Donnelly: In regard to distressed mortgages, I was surprised to see in the numbers supplied that there was no mortgage-to-rent agreement with Permanent TSB. Is that a policy decision on the part of the bank and, if not, why is the number zero?