Results 3,401-3,420 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: I would like to emphasise for AIB that businesses are struggling on a week-to-week basis and in terms of cash flow are counting the lodgment they make to this on a week to week basis. If they had to close in the morning, they would have an exposure of several thousand euro for these machines for another two or three years, even though no longer trading. This indicates a poor level of...

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

Ciarán Lynch: I would be very grateful if AIB could provide the committee with a full briefing on that.

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

Ciarán Lynch: Very good. I now call on Deputy Twomey.

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

Ciarán Lynch: Before Mr. Duffy responds, I ask Deputy Arthur Spring to take the Chair for a short period. Is that agreed? Agreed.

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

Ciarán Lynch: Let me make a brief interjection. The Deputy will have to allow the delegates to reply, but I do not want him to run out of time. I can call him again later, but he must allow the delegates time to respond.

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

Ciarán Lynch: If one goes to confession, the priest will nod, but that does not necessarily mean he agrees with one's sins. If the delegates are nodding at the Deputy, it does not necessarily mean they are agreeing with him.

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

Ciarán Lynch: In this case, debt forgiveness.

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

Ciarán Lynch: Please, Deputy; I am making a ruling. The Deputy can speak for the time allocated. We will then move on to the next committee member or he can allow the delegates to respond to him now.

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

Ciarán Lynch: That is the Deputy's view, but-----

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

Ciarán Lynch: We have delegates before us who may have an opinion on the matter and may actually agree with the Deputy. I ask him to facilitate them by allowing them to respond.

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

Ciarán Lynch: Does the Deputy have supplementary questions?

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

Ciarán Lynch: Senator Byrne is next and then I will take some supplementary questions from Deputies Murphy, Mathews and Spring.

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

Ciarán Lynch: It was.

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

Ciarán Lynch: To clarify, Senator Thomas Byrne is, as I understand it, proposing that a social welfare assessment is the type of assessment the bank should be using. Social welfare benefit is determined within a specific monetary limit. In other words, where one qualifies for a full supplementary welfare allowance or disability allowance, there is a cap on the benefit received. Nowhere in the assessment...

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

Ciarán Lynch: No, there is not.

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

Ciarán Lynch: The medical card application form includes a calculation as to whether one has mortgage repayments, rent payments or repayments in respect of a home improvement loan. In respect of the main disability allowance or jobseeker's allowance, however, there is no calculation of debt whatsoever.

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

Ciarán Lynch: My point is that there is a ceiling on the amount of benefit an applicant can receive. One could have a debt of €10 billion but there is a maximum on how much one will receive.

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

Ciarán Lynch: The Senator has made his point well. We will now move on to supplementary questions, beginning with Deputy Dara Murphy.

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

Ciarán Lynch: The Deputy is supposed to be being putting a brief supplementary question, not starting the whole day again.

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

Ciarán Lynch: The Deputy must also be brief.