Results 5,501-5,520 of 16,492 for speaker:Ciarán Lynch

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Ciarán Lynch: I will give the Deputy ten seconds and one question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Ciarán Lynch: If members wish to split their time, they must split their time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Ciarán Lynch: I will have to push the Deputy to a question as he is over time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Ciarán Lynch: We are running over time. This concludes the round of the principal lead questioners. We move on to the second round of questioners. We had hoped to conclude at 1 p.m., but that will hot happen so I propose we try to finish between 1.20 p.m. and 1.30 p.m. We must get Ulster Bank in this afternoon and we can push the start time of that discussion to 2.20 p.m. or 2.30 p.m. depending on when...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Ciarán Lynch: The Senator should allow time for reply.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Ciarán Lynch: Deputy, you are nearly out of time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Ciarán Lynch: The Deputy must conclude.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Ciarán Lynch: Deputy Mathews, you must conclude. I do not know if there was a question in that, but I ask Mr. Boucher to respond.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Ciarán Lynch: Deputy Mathews, I do not wish to suspend you from the meeting but you must abide by the rules like everybody else. I call on Mr. Boucher to respond without interruption. Then I will move to summarising the meeting.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Ciarán Lynch: To wrap things up, I will call on Deputies O'Donnell, Doherty and Higgins for a brief comment.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Ciarán Lynch: I call Deputy Doherty.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Ciarán Lynch: Sorry, Deputy. I have called Deputy Doherty.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Ciarán Lynch: Deputy Higgins, I gave you the opportunity to speak already. I need to wrap up proceedings.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Ciarán Lynch: What is it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Ciarán Lynch: I want the bank to clarify a point following what Deputy Pearse Doherty said. AIB appeared before us yesterday and referred to the number of customers in default for 90 days or more. To clarify, 90 refers to 90 days in arrears rather than 90 calendar days. It is the sum of 90 days. Someone might accrue 90 days of arrears over 18 months.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Ciarán Lynch: It is the sum of three payments in three months. Yesterday afternoon, AIB stated that a percentage of those over 90 days in arrears who have provided SFSs show they have sums on account that may be equal or greater to the arrears outstanding. They might have €15,000 or €20,000 on deposit. The point was raised by Mr. Duffy. Is there a similar situation according to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Ciarán Lynch: When Mr. Duffy was speaking, he asserted that it seemed quite noticeable in the AIB assessment. Mr. Boucher is saying this is not leaping off the page or setting off red lights.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Ciarán Lynch: One of the rebuttals is that people are holding money on account on the basis of the belief that the resolution processes they are engaging in are unsustainable and that if they put that €15,000 or €20,000 in the pot, it will vanish in the next two years, leaving them with nothing. I thank Mr. Boucher, Mr. Farrell, Mr. Mason and Mr. Prizeman for coming before the committee....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Ciarán Lynch: We will continue with No. 5 on today's agenda, which is an overview of the financial sector. The next module involves representatives of Ulster Bank. I welcome Mr. Jim Brown, who is the chief executive of the bank. Mr. Brown is accompanied by Mr. Stephen Bell, who is the chief risk officer of the Ulster Bank Group, and Mr. Tom Leahy, who is the southern regional director of Ulster Bank's...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Ciarán Lynch: I will begin by trying to get some figures before going on to detailed questions. First, I would like to establish how many distressed mortgage books the bank has at this time.