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

Ciarán Lynch: I invited the Deputy to ask questions. That is the purpose of this committee. If the Deputy wants to have a conversation with Mr. Brown he is welcome to bring him to the bar for a cup of coffee. I call Deputy Creed.

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

Ciarán Lynch: Is that across the banks?

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

Ciarán Lynch: Therefore, if a customer has a mortgage with Ulster Bank and an unsecured loan from AIB, the banks have an agreement.

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

Ciarán Lynch: I will move towards the summation of the meeting. Members can ask one supplementary question. If they are short, I will take them separately, but if they are long, I will take them together.

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

Ciarán Lynch: I must stop the Deputy. One of the administrative staff has just told me that people are telephoning the Oireachtas to complain about the fact that mobile phones were turned on during this meeting. They are watching the meeting live and cannot hear what people are saying. I have just heard another phone go off. If it happens again, I will have to ask the member to leave the meeting. It...

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

Ciarán Lynch: I call Senator Barrett followed by Deputy Higgins.

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

Ciarán Lynch: I do not want to listen to Deputy Mathews going into another piece of rhetoric on his own views. It would be different if he had a question.

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

Ciarán Lynch: I gave the Deputy ten minutes a while ago and he could not manage one.

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

Ciarán Lynch: I will be very strict with him. I call Senator Barrett.

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

Ciarán Lynch: I call Deputy Matthews.

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

Ciarán Lynch: I will bring proceedings to a conclusion. I thank Mr. Brown, Mr. Bell and Mr. Leahy for appearing before the committee this afternoon. I appreciate how they engaged with the committee. We have requested the Governor to appear before the committee and he will do so on 25 September. In preparation for that meeting I will probably write to Ulster Bank in coming days requesting a breakdown...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: I welcome Mr. Jeremy Masding, chief executive officer, Permanent TSB, Mr. Shane O'Sullivan, managing director, asset management unit, AMU, Mr. Ger Mitchell, mortgages and consumer finance director, and Mr. Stephen Groarke, head of financial reporting. The format of the meeting is that Mr. Masding will make some opening remarks, which will be followed by a question and answer session. I...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: Yes. I have not looked at the document yet but if it is what we are seeking, we would be quite happy with that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: Excellent. Thank you.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: Is that at the end of the term?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: Deputy Higgins can ask his questions in a moment.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: I will allow Deputy Boyd Barrett to speak in a moment. He will get a chance to ask questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: I will not allow interruptions because the Deputy is just eating into the time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: I thank Mr. Masding. We will go straight into questioning. I propose 20 minutes on the first round and then five minutes subsequently because we have to conclude by noon. I again welcome the witnesses and thank them very much for what they have provided to the committee. This is the type of model we have been seeking from the banks since we commenced this process on Tuesday. With the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: Quickly.

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