Results 501-520 of 583 for speaker:Tom Barry

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Tom Barry: I noted the reasons Mr. Brown have given us.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Tom Barry: How much of the bank's funds are from the ECB?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Tom Barry: Are we talking about less than 5% like the other banks, or is it up to 10% or 15%?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Tom Barry: Okay. With regard to restructuring, and I am sure the bank has many customers who would be in the pre-arrears category as opposed to the arrears category that we are considering. I am surprised to note that with respect to the bank's split mortgage product - which is a something that would have been recommended under the Keane report where a borrower would park a percentage of the mortgage,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Tom Barry: Why is that the case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Tom Barry: I will tease out that issue if I may. Given that some of these customers were on tracker rates of 1%, an arrangement under which the rate is reduced by 0.5% will not exactly allow them to see light at the end of the tunnel.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Tom Barry: Does Ulster Bank add amounts for arrears capitalisation to that figure?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Tom Barry: Is it the right thing to do?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Tom Barry: Simply reducing the interest rate will not work for a customer who is in difficulty with arrears. My fear concerns young families in a certain age bracket who are offered a restructured mortgage arrangement. By the time their children start third level education they will be barely hanging on and will be unable to afford to pay the costs of putting their children through college. I am...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Tom Barry: While I appreciate Mr. Brown's point, having dealt with many people who are experiencing problems with their mortgages, the problem is that arrears and interest clock up to such an extent that they face large bills. They will settle for any type of arrangement that keeps them in their homes. Is Ulster Bank future proofing its approach to this issue?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Tom Barry: A split mortgage would allow people to stay in their home and, at a later date, either sell the property or pass it on to someone who would then have a small mortgage on it. This option removes the fear element. While I appreciate that every case is different, I am not a fan of the concept Mr. Bell outlined.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Tom Barry: Mr. Bell and I will agree to differ on that point. If a person moves into a restructured arrangement for a business which has a core or non-core debt or in circumstances in which he or she is moving from being a sole trader to a limited company, the interest rate is likely to increase on the basis that many of them will have borrowed at a very favourable rate. In such cases, Ulster Bank...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Tom Barry: I would like a written reply.

Sale of Siteserv: Motion [Private Members] (6 May 2015)

Tom Barry: I have listened to speakers in this debate and I am astonished at the level of detachment on the part of Fianna Fáil. The Minister met with IBRC and was assured that under the old framework put in place by Fianna Fáil, there was no monetary threshold for any sale of assets. IBRC was mandated to effect an orderly running down of the old Anglo Irish Bank. Wild accusations are being...

Written Answers — Department of Health: Nursing Homes Support Scheme Eligibility (14 May 2015)

Tom Barry: 158. To ask the Minister for Health to outline the stage the review of the fair deal scheme is at; and if consideration is being given to a cap on the charge for nursing home care against non-residential productive assets, which is impacting negatively on farm families and small business owners. [18992/15]

Written Answers — Department of Environment, Community and Local Government: Homelessness Strategy (19 May 2015)

Tom Barry: 475. To ask the Minister for Environment, Community and Local Government if he will provide a progress report on the implementation of the housing first programme; and if he will provide details of the funding set aside for same. [19392/15]

Written Answers — Department of Environment, Community and Local Government: Homelessness Strategy (19 May 2015)

Tom Barry: 476. To ask the Minister for Environment, Community and Local Government if he and the Minister of State have been working together on the national implementation of the housing first programme. [19393/15]

Written Answers — Department of Children and Youth Affairs: Child Care Costs (26 May 2015)

Tom Barry: 557. To ask the Minister for Children and Youth Affairs regarding the seven departmental committees established to examine how best to facilitate parents of young children in returning to the workplace, if consideration of the provision of tax breaks towards the cost of child care will be included in these committees' remit. [19848/15]

Written Answers — Department of Social Protection: Rent Supplement Scheme Administration (28 May 2015)

Tom Barry: 61. To ask the Minister for Social Protection when rent supplement is granted, if the given property is properly inspected in terms of health and safety requirements; and if proof of registration with the Private Residential Tenancies Board is required. [21074/15]

Joint Oireachtas Committee on Agriculture, Food and the Marine: Scrutiny of EU Legislative Proposals (9 Jun 2015)

Tom Barry: I welcome the witnesses. It is hard to know where to start with this except to be direct in my approach. I have severe reservations about genetically modified material for a number of reasons. I qualified as a biochemist and at that stage, in the late 1980s and early 1990s, the human genome was sequenced. I did a PhD on homology modelling, which was something similar to what we are...