Results 381-400 of 1,974 for speaker:Arthur Spring

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Arthur Spring: Outside of the 168, therefore, there are additional people who could be in any of those situations who are being paid by the administrator or the receiver.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Arthur Spring: Effectively, that figure is a little larger. Regarding the people NAMA is consensually dealing with, obviously it has had the write-down of the debt from the bank. Is there further debt write-down going on within that agreement because these people will not be subject to the rigours of an administrator, a receiver or a liquidator? Does NAMA have the autonomy, without circulating through...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Arthur Spring: Ultimately, however, he still owes NAMA. It is not in a position to write it off.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Arthur Spring: On personal guarantees, the people who own NAMA are the citizens of Ireland and they want to see fairness being administered as equally as possible. Regarding personal guarantees, Mr. McDonagh has just alluded to the fact that some rental income was sent to places it should not have been sent to or rather than paying off the debt of the burden that is placed on citizens, personal guarantees...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Arthur Spring: How co-operative have the banks and the legal institutions here been in providing NAMA with information on the transactions they would have been involved in for those people and their extended groups?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Arthur Spring: I can understand that from a gearing perspective but some assets were still outside of what they would consider to be group security, as we would call it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Arthur Spring: It is comforting to know that is going on. When I worked with Merrill Lynch the New York securities exchange commission said that if anybody trading in shares, and property is very close to that, was doing the audited accounts or working at a high level they had to provide information to the groups they were working for to allow them be scrutinised to ensure insider trading was not...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Arthur Spring: What is the biggest challenge NAMA is facing, and what can we do to assist it overcome that?

Joint Oireachtas Committee on Transport and Communications: Review of Irish Coast Guard Service: Discussion (24 Oct 2012)

Arthur Spring: May I recommend that we take the statements as read, given that they have been provided to the committee and that we go straight to questions and deal with the hub of the matter.

Joint Oireachtas Committee on Transport and Communications: Review of Irish Coast Guard Service: Discussion (24 Oct 2012)

Arthur Spring: I will be brief. The overarching principle is safety for people at sea and that people can call for help. Two thirds of all calls are being dealt with in Valentia at the moment. My questions relate to staffing in future. In 2007, it was apparent that Valentia never had any problems with staffing but this has been undermined on many occasions since. The uncertainty gives rise to people...

Joint Oireachtas Committee on Transport and Communications: Review of Irish Coast Guard Service: Discussion (24 Oct 2012)

Arthur Spring: Apologies for interrupting, Mr. Mullen. I merely wish to point out that my questions were directed to Mr. Reynolds.

Written Answers — Department of Justice and Equality: Garda Vetting of Personnel (25 Oct 2012)

Arthur Spring: To ask the Minister for Justice and Equality further to Parliamentary Question No. 1001 of 18 April 2012, and taking into consideration the following, the number of Irish persons who have emigrated in recent years, that the current Police Certificate of Character may be issued by an Garda Síochána only for the purposes of foreign consular and immigration requirements and for foreign...

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

Arthur Spring: Thank you, Chairman. Citizens and taxpayers are concerned above all that there be fairness in this process. Last week representatives of NAMA indicated to the committee that two thirds of the agency's clients are co-operating with it. Will the delegates indicate the percentage or portion of IBRC clients who are not co-operating? The NAMA delegates also indicated that 90% of rental income...

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

Arthur Spring: In group situations, loans would have been given for properties without the security being taken into account. Have the delegates pursued these issues?

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

Arthur Spring: What about rental incomes?

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

Arthur Spring: Are rental incomes mandated directly to IBRC or do clients have autonomy over them?

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

Arthur Spring: I have one last question on the transfer of titles and how Irish Bank Resolution Corporation, IBRC, has examined that.

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

Arthur Spring: I will not refer to any single case if that is all right. Is there anything IBRC is doing to ensure it is capturing all the properties that were transferred and has it examined the securing of those properties?

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

Arthur Spring: Historical credits, etc.

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

Arthur Spring: What if it was not taken as security but if a credit was produced for the purpose of lending the money? Has IBRC also gone back in that regard?