Results 2,981-3,000 of 9,823 for speaker:Thomas Byrne
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: But the point is that reading between the lines, there clearly is a practice, even if it is an unofficial one, that Bank of Ireland offers write-downs on capital and arrears of mortgages.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: I am sorry, but how many people have gone through the insolvency process with Bank of Ireland and agreed a write-off, or not agreed a write-off, as part of the process? I estimate it is very few. It is a handful.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: We are aware of the corporate write-downs, but I am interested in the mortgage book. Off the top of my head, the public cases of write-offs relate to corporate accounts, not individual customers. Reading between the lines I presume customers can avail of write-downs in Bank of Ireland if they push hard.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: Has Bank of Ireland offered write-downs outside of the insolvency process or the bankruptcy process? We know there have not been that many of those processes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: Has Bank of Ireland never done it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: So the bank has clearly been offering write-downs of capital and arrears.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: I did say in the last year in some of my questions-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: Never in the last year.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: But the legal process for the bank includes the issuing of a legal threat.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: It seems there clearly are people – Mr. Boucher admitted there was a public case of which I am aware in relation to corporates – who are getting debt write-downs from Bank of Ireland of capital and arrears who are mortgage customers. I propose that the committee write to Bank of Ireland seeking those figures if it is not prepared to give the information today. Mr. Boucher has...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: Mr. Boucher mentioned insolvency and bankruptcy. We already put on record how few of those there were. Mr. Boucher included the issuing of legal letters in the legal process so one would presume-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: Does Mr. Boucher mean by a court?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: The language has been extremely vague and we should write to the bank and specify the exact information I seek today.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: No one will volunteer a write-down but if there is an exchange of legal correspondence or if there are negotiations-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: We will write for the figures anyway.
- Seanad: Adjournment Matters: Hospital Accommodation Provision (15 Apr 2014)
Thomas Byrne: Táim an-bhuíoch don Chathaoirleach as an deis luath seo a thabhairt dom an t-ábhar tábhachtach seo a phlé sa Seanad anocht. Táim ag caint anocht maidir le hospidéal réigiúnach d'oirthuaisceart na tíre. I wish to raise the issue of the proposed regional hospital for the north east. This was promised by Fine Gael in the run-up to the last...
- Seanad: Adjournment Matters: Hospital Accommodation Provision (15 Apr 2014)
Thomas Byrne: I accept that.
- Seanad: Adjournment Matters: Hospital Accommodation Provision (15 Apr 2014)
Thomas Byrne: I do not expect the Minister of State, Deputy McGinley, to reply to this because he is not the Minister of State at the Department of Health. The Minister of State has been given a response dealing with Our Lady's Hospital, Navan. The question related to the regional hospital that is proposed for Navan, but there was nothing in the reply about that. One can conclude there are no plans at...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Irish Stability Programme Update: Minister for Finance (15 Apr 2014)
Thomas Byrne: I thank my colleague. I welcome that this document has been published in draft form because there is a glaring omission in it regarding the potential for a deal on the bank debt to move it away from the sovereign debt. Obviously, that would have a huge impact on the future public finances if it happened and I was surprised to see that it was not down as an upside risk. It is not down under...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Irish Stability Programme Update: Minister for Finance (15 Apr 2014)
Thomas Byrne: However, upside risks and downside risks are described in the document. There is also a section on European developments and a section on long-term sustainability. If a deal were to be reached, and a deal was announced to have been reached in July 2012, it would have a major impact on public finances. As a constructive comment on this, which the Minister invited, I believe it should be...