Results 4,261-4,280 of 26,843 for speaker:Richard Boyd Barrett
- Written Answers — Department of Foreign Affairs and Trade: State Airports (20 Feb 2013)
Richard Boyd Barrett: To ask the Tánaiste and Minister for Foreign Affairs and Trade his views on the report from the Open Society Justice Initiative titled Globalising Torture: CIA Secret Detention and Extraordinary Rendition (details supplied), and the use of Shannon Airport by the US CIA for flights of extraordinary rendition; his plans, if any, to investigate the matter on foot of this report; and if he...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Richard Boyd Barrett: What was the percentage?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Richard Boyd Barrett: I have a number of questions, both micro and macro-economic. Mr. Trethowan stated some 323 appeals were dealt with by the Credit Review Office; what is the time period involved?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Richard Boyd Barrett: The Credit Review Office deals with approximately 100 appeals per year.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Richard Boyd Barrett: Is it correct the CRO upheld 250 appeals?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Richard Boyd Barrett: How many of the 215 appeals has the CRO upheld?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Richard Boyd Barrett: Will Mr. Trethowan give me a value for the loan appeals?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Richard Boyd Barrett: Mr. Trethowan stated this was following 784 internal reviews in the banks prior to the person bringing his or her case to the Credit Review Office. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Richard Boyd Barrett: Would Mr. Trethowan have a rough figure for the total value of the 784 loan decisions that were appealed to the bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Richard Boyd Barrett: Perhaps I could guess, it would be about four or five times the figure given by Mr. Trethowan. If the purpose of the Credit Review Office is to try to make a serious impact on the level of credit being provided for small and medium enterprise, which are regularly described by the Government and others as a key engine of economic recovery and the generation of employment, this is just a drop...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Richard Boyd Barrett: My remarks are not really a criticism of what the Credit Review Office is doing. Every job that has been saved is well worth protecting. I am sure the people involved are tremendously grateful to the CRO for upholding their appeals. In terms of macro-economics, this is simply not going to have a meaningful impact on the wider economic question of whether we generate large scale employment...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Richard Boyd Barrett: Absolutely, in a way that confirms the point of my question. On the macro stage there is actually, notwithstanding the great efforts of CRO, a net reduction in the amount of credit in the system available to small and medium enterprise. This probably corresponds with the general contraction of the SME sector.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Richard Boyd Barrett: I accept that point. My point is that CRO seems marginal in the greater scheme of things. It will not deliver a silver bullet.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Richard Boyd Barrett: I agree with Mr. Trethowan on that point. Without consumer demand we are going nowhere. The next question is: how does one generate consumer demand?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Richard Boyd Barrett: Confidence does not spring out of the sky. From dealing with the cases, would it be fair to say that small businesses are not looking for money because they are not confident about demand? The banks are reluctant to lend money because they are not terribly confident about demand. They both have a point.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Richard Boyd Barrett: Is Mr. Trethowan saying that the banks do not have a significant role in boosting demand in the economy? If that is the import of what he is saying, I disagree with him.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Richard Boyd Barrett: That is a slightly alarming perspective. I went into AIB with somebody who was negotiating a distressed mortgage. It was clearly unsustainable and what the AIB officer kept repeating was that you might win the lotto. She said that three times. There is an element of that in Mr. Trethowan's last remarks, but it does not sound like a strategy. The reason the Credit Review Office was...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Richard Boyd Barrett: What Mr. Trethowan has described is catch-22.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Richard Boyd Barrett: Because the decisions that are being made by small and medium enterprises not to look for money or on the part of banks not to give it to them if they do, in the few cases that seek it, are rational within their own terms if one is looking at the micro case or a particular business whether it is viable or not. That decision which is rational in the individual case is completely irrational...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Richard Boyd Barrett: I have one very last question as my time has expired. I get that.