Results 3,281-3,300 of 4,928 for speaker:Peter Mathews
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Peter Mathews: From late 2007 to 2011, the information and reports from the banks, including Bank of Ireland, were unreliable and misleading. This is a fact.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Peter Mathews: No, the overall information from the banks.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Peter Mathews: I will restart the question because Mr. Boucher and his team know what I am asking.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Peter Mathews: The bank has given us information on SME lending. The track record of the bank for four to five years was unreliable and misleading. Why should we believe it now? The last time Mr. Boucher and his team appeared before the committee I gave them a note on the credit pyramid bubble of which Bank of Ireland was a part, creating the credit boom and bust. Did they read it? What have they to...
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Peter Mathews: That is a pity.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Peter Mathews: It would tell Mr. Boucher why he created the bust.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Peter Mathews: All of the banks did.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Peter Mathews: The facts show-----
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Peter Mathews: My question was why should we believe the bank now.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Peter Mathews: This week is in stark contrast to last week, yet it is the same bank or banks that are talking about the two sides of their balance sheets. Distressed mortgage lending is an asset that impacts immediately on capital requirements and provisioning, yet the banks must try to use their resources to lend new money to new businesses and new money for projects to old businesses that are weighed...
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Peter Mathews: It should go to the top of the list, because it explains that the banks were the perpetrators of the credit bubble, the asset price bubble and the asset price collapse. This is very important, Chairman.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Peter Mathews: SME lending is a function of the resources of the bank. In order to be a healthy lender and supporter of businesses, the bank has to be healthy itself. We actually got estimates from the banks of their capital requirements in March 2010 and again in March 2011 which fell short. We find that the banks, their activities and operations at present are those of zombie or paralysed banks,...
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Peter Mathews: The last point relates to the business model and separating out existing and new business. I call on Ulster Bank to consider the point carefully. The experience of ICC Bank when it came to the maturity of a loan portfolio and the relationship with SME businesses over five, ten, 15 or 20 years was that there was an education for the customer and the lender or the lender executives in the...
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Peter Mathews: If a bank separates new business from existing business it runs the danger that the appraisal by the new business executives will fall short of the learning experience of the people who have looked after existing business.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Peter Mathews: Well done.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Peter Mathews: At last we are hearing that term. It is the right thing to do. Well done.
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Peter Mathews: Having listened to the presentations earlier and last week regarding mortgages and so on, there is a good chemistry now and a good relationship. Perhaps that is because we, representing the people, share the cockpit with AIB management and board in trying to get back to funding the important sectors of the economy. During the five years leading up to 2011, the information, management and...
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Peter Mathews: Last week we heard there are interbank protocols for addressing issues. Are there interbank protocols on fractional reserve banking? Mr. Byrne mentioned the bank is at a 100% loan-to-deposit ratio, which means either deposits have increased or loans have decreased. We know loans have decreased because in 2008 the figure on the loan book was €134 billion and it has decreased to...
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Peter Mathews: Through the interbank protocols, will AIB ask the other banks to step up to the plate and do the same? Did Mr. Byrne get a chance to read the document I gave him on the creation of the credit pyramid boom and bust bubble and the banks' participation measurable in its creation?
- Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)
Peter Mathews: Mr. Byrne is the first. Well done. The others did not do their homework. He can now see the validity of the oppression or depression in the case of borrowers because asset prices have fallen.