Results 3,361-3,380 of 16,492 for speaker:Ciarán Lynch

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Thank you, Mr. Dukes. I will now bring in any members who have supplementary questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: I apologise, the Deputy is correct.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Thank you, Deputy O'Donnell, I appreciate your co-operation. We are now moving onto the final round of the discussion. I will facilitate any member whose supplementary questions are short and succinct, beginning with Deputy Spring.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Deputy Spring should proceed with caution.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Perhaps Mr. Dukes might give it to us in January.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: I also wish to come in and ask, following on from the Keane report, about one of the many actions that were outlined as part of the mortgage arrears resolution process. One of the more radical approaches contained therein was the buy-to-rent scheme. Has IBRC given consideration to this proposal with regard to its mortgage book? If so, how many proposals are currently under consideration...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: There are a number of proposals at present in respect of specific properties. Without naming the properties, can Mr. Aynsley confirm that a number of specific properties are under consideration at present for conversion from mortgage to rent?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: I may wish to recall the witnesses on that issue. I would appreciate it were they to keep the joint committee informed as to what progress or what sort of delivery is being made on the option of mortgage to rent, if possible.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: I cannot allow second questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: One question. Which one does the Deputy want to use? I must conclude the session by 1 p.m.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: The witnesses should respond to the questions from Senator Hayden and Deputy O'Donnell. We will come to a conclusion thereafter.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: That brings proceedings to a conclusion. I thank Mr. Alan Dukes, Mr. Mike Aynsley, Mr. Richard Woodhouse and Mr. Jim Bradley for their attendance and for helping the joint committee with its deliberations on this specific banking module. Is it agreed to go into private session to deal with some matters and to return to public session at 2 p.m.? Agreed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)

Ciarán Lynch: We will now turn to item No. 7 of our overview of the issues facing the economy and the banks. I welcome the following witnesses from AIB: Mr. David Duffy, chief executive; Mr. Bernard Byrne, director of personal, business and corporate banking; Mr. Fergus Murphy, director of products; Mr. Paul Stanley, acting chief financial officer; and Mr. Enda Johnson, head of corporate affairs and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)

Ciarán Lynch: Yes, we have.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)

Ciarán Lynch: I thank Mr. Duffy. With the committee's permission, I will publish his opening statement. Is that agreed? Agreed. I will defer my questioning until the end of the first round, but let me put this question to Mr. Duffy before I invite other members to contribute. Does he have a response to Ms Fiona Muldoon's recent comments which were very much directed at his bank and Bank of Ireland,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)

Ciarán Lynch: Briefly, please.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)

Ciarán Lynch: I am sorry, but I must call Deputy Doherty.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)

Ciarán Lynch: Four or five minutes remain.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)

Ciarán Lynch: After hearing the final reply to Deputy Pearse Doherty, we will hear from Deputy Arthur Spring.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)

Ciarán Lynch: That should be the Deputy's final question.