Results 3,861-3,880 of 16,285 for speaker:Peadar Tóibín

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Peadar Tóibín: That is interesting.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Peadar Tóibín: If he were to ask. He is seeking to have a discussion with the banks on this issue. The Taoiseach stated that it was necessary for the banks to offer some level of relief. I understand that-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Peadar Tóibín: Right. Some 7,500 families have been in arrears with Mr. Masding's bank for more than 720 days. Based on his previous experience, how many of those will end in repossession?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Peadar Tóibín: A trend that can be mapped.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Peadar Tóibín: I am not asking for a target. If the trend to date was mapped into the future, what would be the expected level of repossessions?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Peadar Tóibín: I thank Mr. O'Sullivan. How many voluntary repossessions would be encompassed by that figure?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Peadar Tóibín: Regarding write-downs and management of the bank's clients, my office regularly deals with approximately 100 cases of mortgage distress. I do not say this lightly or take any pleasure in doing so, but some of PTSB's clients have had a difficult call centre experience. A client might be dealt with by six or seven staff members who do not know the details of the case and instead have short...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Peadar Tóibín: Okay.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Peadar Tóibín: That is better news than I had. Regarding the Insolvency Service of Ireland, ISI, I understand that, in general, its proposals are successful approximately 74% of the time. What are PTSB's figures?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Peadar Tóibín: PTSB's level of agreement is much lower than the industry average.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Peadar Tóibín: Of course, but a small number of people are going through the process compared with the global figures.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Peadar Tóibín: Is it legally possible to remove the veto? What would be necessary to do so?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Peadar Tóibín: In some cases, especially for young couples, debt has got so bad that even when their house is taken into consideration - I am thinking of a particular case - the bankruptcy and the loss of the house can still considered a good solution for them. Mr. Masding has mentioned that there are no plans to sell the loan books of the core residential-type assets. Is that correct? Are there enough...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Peadar Tóibín: I appreciate that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Peadar Tóibín: Is there a statutory extra body outside of Permanent TSB? For example, does the Central Bank provide an oversight of the process? Are loans regularly sold for less than is likely to be negotiated with the original mortgage holder?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Peadar Tóibín: However, on an individual loan case, there could be cases where loans are sold for-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Peadar Tóibín: I understand. When does PTSB expect to cure its impaired tracker loans? Is there a timescale laid out? The Minister for Finance indicated those predetermined timelines for the curing of impaired tracker loans.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Peadar Tóibín: The language used in the report included the term "market opening measures". Does that mean to sell within the market?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Peadar Tóibín: Go raibh maith agat.

Ceisteanna - Questions (Resumed): Job Creation Data (19 May 2015)

Peadar Tóibín: 1. To ask the Taoiseach to set out the number of net new jobs, per year, created between quarter two, 2011 and quarter two, 2014. [39380/14]