Results 4,141-4,160 of 4,810 for speaker:Liam Twomey
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Liam Twomey: Deputy Matthews can absolutely guarantee himself that he will not be allowed to speak again at this committee if he does not stop right now. I call Deputy Boyd Barrett.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Liam Twomey: I would like Mr. Boucher to draw it to a conclusion because it was quite a long question that was asked.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)
Liam Twomey: On behalf of the joint committee I thank all of our witnesses from Bank of Ireland for participating in this meeting and the material they supplied to the committee. There are a few questions asked of Mr. Boucher on which he might revert to the committee. Thank you all for your time. As there is no other business, the meeting is adjourned sine die.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: I welcome Mr. Jeremy Masding, group chief executive officer, Permanent TSB, who is accompanied by Mr. Glen Lucken, chief financial officer; Mr. Shane O'Sullivan, managing director of the group's asset management unit; and Mr. Ger Mitchell, group head of lending. The format of the meeting will be that Mr. Masding will make some opening remarks. In advance of the meeting we collated questions...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: I thank Mr. Masding for sticking to the time limit. I propose that we adhere to the same ground rules as applied at our meeting last week with Bank of Ireland. This would help to ensure everybody was given an opportunity to ask questions and provide for the best meeting possible. I propose that the lead speaker from each group have ten minutes; they will be followed by other committee...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: I ask Mr. O'Sullivan to hold back his response because this time slot is finished.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: I will keep an eye on proceedings and will bring him in later.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: I would prefer if Mr. Masding could hold it, because I am trying to keep to time limits here. I will let him get back in to respond to that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: Thank you, Mr. Masding. That is good. I call Deputy Donnelly.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: That is a question that the Senator might want to keep for another session.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: The Deputy will have to come back to it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: The time is up, I am sorry. I let it run a little.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: Five minutes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: I wish to follow up on the final point made by Deputy Spring. No other bank which has come before us in recent months has been writing off debt. The witnesses say at the end of the process after the house is sold and everything is closed it writes off the residual debt which is left over. Other banks are probably doing this, but none of them is stating it publicly as a policy. What is the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: I apologise for interrupting but I am quite curious about how the debt is written off. How long has the bank been doing this?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: Did the bank have discussions with the Central Bank on this issue? Is it purely an initiative of the bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: Including this issue?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: This debate has been going on for years. People talk about moral hazard and about equity and fairness, but what Permanent TSB seems to be doing should become the standard norm, so the committee will definitely push that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: Does Permanent TSB have to take all of this into consideration?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: It is easy for the committee to tell the witnesses to write off loans. It is not our responsibility. That is important. Permanent TSB has written to the Governor of the Central Bank about the new guidelines for mortgages.