Results 3,781-3,800 of 16,285 for speaker:Peadar Tóibín
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)
Peadar Tóibín: Yes, that is my next question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)
Peadar Tóibín: These vacant and abandoned properties are not voluntary surrenders. Is that the case? These are cases where people simply drop the keys back in the door.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)
Peadar Tóibín: How many of those are there?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)
Peadar Tóibín: Another issue arises not only with mortgage debt but with other types of debt as well. Let us suppose a debtor is trying to negotiate a better deal on a particular debt and he makes an offer to pay back 30% of the debt to the bank. He is refused and then the debt is sold to a third party for maybe 20% of the value, etc. I am not saying this has happened with Ulster Bank. Is it the case...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)
Peadar Tóibín: That is grand.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)
Peadar Tóibín: Is Ulster Bank still deleveraging?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)
Peadar Tóibín: I thank the deputation for all those details. The last question relates to one of the points Mr. Brown made in his presentation. He mentioned the fact that if secured debt were no longer secured it would have an upward pressure on the cost of lending. Is Mr. Brown adverting to a situation whereby the banks would no longer have a veto in a negotiated settlement? Is he saying that taking...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Peadar Tóibín: I thank the witnesses for attending today's meeting. Congratulations on the results achieved so far with regard to the bank. Perhaps Mr. Boucher will clarify if Bank of Ireland intends to reduce the standard variable rate.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Peadar Tóibín: Is there any plan to reduce the standard variable rate before 2016?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Peadar Tóibín: I understand Bank of Ireland does not get involved in mortgage write-downs.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Peadar Tóibín: The bank does get involved in corporate debt write-down.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Peadar Tóibín: I understand the logic of the bank not wanting to give write-downs lest that becomes a practice within the market and it is not possible to provide write-downs for many people. We hear regularly from banks that they deal with people on a case-by-case basis. There are cases where an individual or family would be able to deal with, say, two thirds of the debt owed but cannot deal with 100% of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Peadar Tóibín: Would it be possible for the bank to take equity in a house in a similar situation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Peadar Tóibín: There would be equity splits in certain types of mortgages with certain organisations.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Peadar Tóibín: From the customer's perspective, this looks like one rule for corporate Ireland and a different rule for families in Ireland.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Peadar Tóibín: In comparison with other banks, Bank of Ireland has had good results in terms of its level of arrears. Is it the case that the bank entered this phase with that advantage or is it the case that the manner in which the bank has managed the process has given it that advantage?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Peadar Tóibín: Mortgage to rent appears to be the big failure in the whole process. Allied Irish Bank appeared before the committee last week, at which time its representatives indicated that zero mortgage to rent cases have been concluded by that bank. I note from Bank of Ireland's results that it has completed five cases. Where does the problem lie and how can it be fixed?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Peadar Tóibín: Are some counties worse than others with regard to mortgage to rent schemes or is there an uneven experience?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Peadar Tóibín: The witnesses mentioned that the bank was only involved on a small number of occasions in buying or selling loan books. ICS and the IBRC were mentioned.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)
Peadar Tóibín: What about selling?