Results 3,221-3,240 of 4,928 for speaker:Peter Mathews

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Peter Mathews: I suggest.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Peter Mathews: Does anyone else have information, Richie?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Peter Mathews: It was €3.5 billion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Peter Mathews: The auditors would force the bank to provide-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Peter Mathews: That is for the euro system-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Peter Mathews: I know the system.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Peter Mathews: No, creditors in the euro system.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Peter Mathews: Stop interrupting? I am helpfully giving Mr. Boucher-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Peter Mathews: That is the point.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Peter Mathews: What about the-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Peter Mathews: I apologise.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Peter Mathews: What was the weighted average loan-to-deposit ratio for the six Irish banks on a loan book of €400 billion at the end of 2008?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Peter Mathews: Mr. Boucher should know it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Peter Mathews: The figure was 173% and Mr. Boucher should remember it. What was Bank of Ireland's loan-to-deposit ratio in that year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Peter Mathews: It had been lower at 158% and the difference is important. Mr. Boucher spoke about the bank's policy in certain areas. What was its policy on fraction reserving for the years 2004 onwards?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Peter Mathews: It should have been to keep fraction reserving at a minimum of 10%, with the loan-to-deposit ratio being 90%. Why is that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Peter Mathews: As I am running out of time, I will give the answer myself.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Peter Mathews: Because I voted the wrong way last July my speaking time is only 2% of the overall figure.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Peter Mathews: From the Government's point of view but not in accordance with conscience. The difference is 68% which is indicative of the bank's culpability in creating an asset price bubble. When the asset price collapses and the music stops - I will give the delegates a paper on this issue after the meeting - the bank should be accountable for 75% of the collapse in the asset price. The same applies...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Peter Mathews: It was €61 billion. In the case of the subordinated loans at the bank, the figure is approximately €20 billion, half of Irish national income.