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Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: We are not. I am not sure we will even conclude Committee Stage today.

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: Amendments No. 9 to 16, inclusive, are related. Amendment No. 10 is consequential on No. 9. Amendments Nos. 12 to 15, inclusive, are consequential on No. 11. Amendments No. 9 to 16, inclusive, may be discussed together by agreement. Is that agreed? Agreed.

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: It has been agreed that we will discuss amendments Nos. 9 to 16, inclusive, together.

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: They are all also consequential on amendment No. 11.

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: I am not sure how relevant the Senator's contribution is to amendments Nos. 9 to 16, inclusive. It is very entertaining so I am indulging him somewhat.

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: If that is the answer, I must use that line more often.

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: The Minister of State mentioned the committees and said he would cover that.

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: How stands amendment No. 9?

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: Amendments Nos. 17 and 18 are related and may be discussed together.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Gerry Horkan: I thank Mr. Masding and his team for attending and for his opening statement, which had a certain tone to it. He does not overly brag about the bank's performance and there is a level of humility or acknowledgement that there were problems, which the bank is tackling as well as it can. Mr. Masding acknowledged that the bank's staff, customers and everybody else have taken a hit. He stated:...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Gerry Horkan: What was the percentage drop from what their shares were worth at their peak to what they are worth now? Was it more than 99.5%? The value effectively disappeared.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Gerry Horkan: It was effectively a wipeout. I do not mean to criticise Mr. Masding or any of his team, but irrespective of what they ever do, they will never restore the value to those people's shares.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Gerry Horkan: It is Mr. Masding's right to keep going. At this stage, he is the longest-serving chief executive of the five major banks. He is the only one who was in situat the start of this committee's reign and who remains. Long may that continue but my point was about how the comment was worded. The taxpayer is the taxpayer, but everybody is a taxpayer. When we speak about the taxpayer, we mean...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Gerry Horkan: I do not think anyone else mentioned that the bank's share value for the current shareholders has fallen by approximately 45% in the past six months and 34% in the past year. The statement included a helpful table that shows the drop in the value of Bank of Ireland's and AIB's shares. Will Mr. Masding give some context to explain why the share value has fallen so significantly? The poor...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Gerry Horkan: Mr. Masding probably has a few share options.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Gerry Horkan: Does Mr. Masding advocate for the level of capital requirements to change?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Gerry Horkan: I thank Mr. Masding. What is PTSB's market share of new mortgage business?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Gerry Horkan: We get surveys of who is ahead in the supermarket wars where it is claimed that Dunnes Stores has this and Aldi has that. I am not comparing apples with apples, but where is PTSB positioned among the five main banks in terms of its size? The five main banks probably comprise 100% of the retail market. What percentage of space does PTSB occupy? PTSB is larger in some areas than others....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Gerry Horkan: What are PTSB's specialisms? Of the areas in which it specialises, what does Mr. Masding regard as the bank's key strengths?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Gerry Horkan: Is that NPL?

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