Results 3,161-3,180 of 4,928 for speaker:Peter Mathews
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Peter Mathews: On another point, the witness said if somebody offered €50 per month-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Peter Mathews: Okay, but they are the facts and they can mull over them. What is their response to those facts?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Peter Mathews: The bank created the asset price collapse. It did it by lending money to people and it wishes to collect all the money back, yet the asset price bubble could not have happened without the profligate recklessness of the boards of the bank.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Peter Mathews: I have one last question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Peter Mathews: Was €18 billion of losses capitalised by the parent company?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Peter Mathews: Is the loan book approximately €40 billion?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Peter Mathews: Therefore, €18 billion was written off against that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Peter Mathews: What are the bank's provisions at present?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Peter Mathews: It is a provisioning rate of approximately 30%. Some of the other banks, the so-called pillar banks, are at levels of 8.5% at present; so much for stress tests.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Peter Mathews: I have a question that is supplementary to the Chairman's excellent question. I have more than 20 years of experience in the area of valuations going back to the 1980s and 1990s. Valuations by so-called auctioneers and valuers in this country have been very wide of the embedded and true benchmark of the inverse yield value of a property. As Mr. Brown said, people have to pay a rent for...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Peter Mathews: The value depends on credit, which is the point I want the delegates to take away.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Peter Mathews: However, valuation based on rental yield can be checked against the income of an owner-occupier in a similar house. For instance, €70,000 per year times three is €210,000, and times three and a half gives €240,000. These are the brakes that should be applied and they are very simple.
- Order of Business (9 Apr 2014)
Peter Mathews: I welcome the Minister taking Leaders' Questions and the Order-----
- Order of Business (9 Apr 2014)
Peter Mathews: I thank the Ceann Comhairle. I appreciate the reorientation course. I have just been at a funeral and I came in late. The Government's intention to hold a banking inquiry seems to have got clogged in a swamp and does not seem to be getting anywhere. Yesterday, today and tomorrow, the banks' chief executives and senior management teams are appearing before the committee to explain where...
- Order of Business (9 Apr 2014)
Peter Mathews: This is very much the Order of Business.
- Order of Business (9 Apr 2014)
Peter Mathews: We have a promised banking inquiry under promised legislation.
- Order of Business (9 Apr 2014)
Peter Mathews: No, I want to know this about it.
- Order of Business (9 Apr 2014)
Peter Mathews: I am not making a speech.
- Order of Business (9 Apr 2014)
Peter Mathews: There has been a seeming inability to understand that the banking boards of banks, for seven years leading up to 2008-----
- Order of Business (9 Apr 2014)
Peter Mathews: Ceann Comhairle, please-----