Results 3,721-3,740 of 4,928 for speaker:Peter Mathews
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Peter Mathews: Could I have just one minute?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Peter Mathews: I am disappointed. I was in the Chamber for Private Members' business.
- Finance Bill 2014: Second Stage (Resumed) (5 Nov 2014)
Peter Mathews: Untrue.
- Finance Bill 2014: Second Stage (Resumed) (5 Nov 2014)
Peter Mathews: Use the French word mensonge.
- Finance Bill 2014: Second Stage (Resumed) (5 Nov 2014)
Peter Mathews: I was older.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: It is five and a half years since the extraordinary general meeting of Bank of Ireland, under its then governor, Mr. Richard Burrows, in the Savoy cinema. The goal was to carry out life-support treatment on the bank. Does Mr. Boucher remember that day? He said to me "Peter, we go back a long way".
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: You said that. I was talking about risk management and control of the bank.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: No, Mr. Boucher is wrong and must be corrected. He is in need of a reminder. When I referred to risk policies at Bank of Ireland referred to in the annual report, Mr. Boucher said to me, defensively, "Peter, we go back a long way. Please be reasonable". Those were the words spoken by Mr. Boucher.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: I am setting a scene. We are now fast forwarding five and a half years because that was the court of directors then, and this is the court of directors now. This is key for today's setting and conversation because we can all get lost in the micro-management of the balance sheets, funding and arrears and so on. On page 62 of Mr. Boucher's submission today, look at the court of directors at...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: This is totally unfair, and the Chairman knows very well why. Of those mortgage loans, if there are 160,000 clients, call it 150,000, there are about 3 and a half people per loan affected who are living in those houses. That is half a million people. There have been a lot of suicides, deaths and illnesses because of the unreasonable stress. Income, or the capacity to repay, is the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: No, these are a few points. This is to highlight the context, which should be done before coming down to the number-crunching. How much are the provisions on the loan book? What is the total for the group?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: That is very important and I will say why. It is because if the management of the bank messes around with provisions, increasing or them or writing them back depending on the policy on whether or not to write off, and depending on the value in the loan-to-value algebra---- by the way, what is "value"? Where do the values for these properties come from?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: Sorry to interrupt, but does Mr. Boucher believe that the property prices in Dublin have increased by 23% in the last year?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: They are bunkum because they are a very small volume compared to the what the volume of transactions should be in a city the size of Dublin. It is at about a one third normalised level of volume. But if Bank of Ireland allows itself to use that as an index for deciding on whether to write back some provisions, it is doing something that is not quite honest.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: And it is massaging profits at a material percentage level and that is not right either.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: No, sorry, Chairman. One of the directors who was responsible for policy sold out his investment for half a billion euro in June.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: He was an influential director on policy.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: Was it to support the bank? Why did he----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: These are the important questions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Peter Mathews: Why did the Chairman allow me in at this stage of the meeting, when I was here first this afternoon?