Results 5,681-5,700 of 16,492 for speaker:Ciarán Lynch

Written Answers — Department of Education and Skills: Teacher Training Provision (19 Sep 2013)

Ciarán Lynch: 69. To ask the Minister for Education and Skills if his attention has been drawn to the difficulty experienced by newly qualified teachers who, because of the oversupply of teachers, are unable to gain the diploma within the requisite three years (details supplied); the strategy that is in place to address this problem; and if he will make a statement on the matter. [38905/13]

Written Answers — Department of Social Protection: Disability Allowance Appeals (19 Sep 2013)

Ciarán Lynch: 89. To ask the Minister for Social Protection when a determination will be made on an application for disability allowance in respect of a person (details supplied) in County Cork; and if she will make a statement on the matter. [38852/13]

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements with Ukraine and Dominica: Motion (19 Sep 2013)

Ciarán Lynch: In recent days we have been discussing base erosion and profit shifting, which has some relevance to our discussion this morning. Is Dominica seen as one of those places like the British Virgin Islands, Bermuda and the Cayman Islands, to which some companies choose to shift their profits?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements with Ukraine and Dominica: Motion (19 Sep 2013)

Ciarán Lynch: The Minister of State indicated that there has been significant activity in this area in recent years. Of the 22 TIEAs and 69 double taxation agreements in place, how many were progressed or agreed in the past three to four years?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements with Ukraine and Dominica: Motion (19 Sep 2013)

Ciarán Lynch: Thank you, Minister.

Written Answers — Department of Social Protection: Invalidity Pension Appeals (24 Sep 2013)

Ciarán Lynch: 318. To ask the Minister for Social Protection if she will review the refusal of an invalidity pension in respect of a person (details supplied) in County Cork; and if she will make a statement on the matter. [39447/13]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: Before we commence, I ask Members to switch off their mobile telephones and not to put them on silent, please. When the banks were before us a fortnight ago, there were many complaints from the public listening in or watching the meeting and from the press room - the press may not have been in the Press Gallery but were watching the proceedings on monitors - because they were not able to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: I thank Professor Honohan. I will go over the procedural aspects of this meeting. The parties' lead spokespersons will engage with Professor Honohan for 15 minutes, after which we will move to a second rung of ten minutes and so forth. I welcome Professor Honohan to this meeting once more. I commend him on the targets that have been put in place. However, the committee has concerns....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: Does Professor Honohan accept that through the implementation of targets, two outcomes have been achieved? First, banks have been focused on what they need to do. Second, an accountable and measurable process has been put in place for the public to observe how the banks reach resolutions with people in distress.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: Some targets will always be easier to reach than others. Following the Keane report, a host of resolution processes such as split mortgages and so on were suggested. When the banks appeared before us, it became apparent that a letter to a customer who had not been engaging was allowed to be counted as a resolution process. Without exception, the greater part of the banks' 20% targets...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: That brings us to the point.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: Let me add another point. The committee is not contesting the position that letters need to go to customers who are not engaging with the banks. We would encourage distressed customers to interface in a detailed manner to ensure that they are being represented well when engaging with the banks. The difficulty lies in the fact that the figure was set as 20% in resolution. A letter is not...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: We will come back to that later because owing to time constraints I need to move on to other issues. On the issue of sustainability in relation to mortgages, the definition in this regard appears to be the ability of a person in financial distress to meet some level of obligation in order to remain in the family home. I am speaking in this regard predominantly about residential mortgages...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: The banks are very clear about this.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: The language used in correspondence from Professor Honohan's office is that these resolution processes must be dealt with within the lifetime of the loan. All mortgages are issued on the basis of a loan being repaid prior to a person reaching retirement age. Either the banks are not understanding the Central Bank properly or I am hearing a softening of the Central Bank's position on this...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: I am speaking about this applying on a case-by-case basis rather than across the board.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: It is evolving.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: Professor Honohan has led me to my next question. As the process evolves, new modelling, solutions and resolution processes will inevitably arise. I am not suggesting that the subscribe list is written in stone and cannot be changed. The objective is to ensure resolution processes are based over the lifetime of the loan. Life is not like that. For example a person in his or her early...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: I have a couple of other questions for Professor Honohan arising from his opening remarks. The concession type mortgage provides for a reduction in the interest rate for a determined period and payment of capital and interest at a lower monthly rate. Ulster Bank uses the split mortgage option extensively. Is Professor Honohan indicating this evening that this is an accepted resolution process?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: As I indicated earlier - Professor Honohan will have coalface experience of this - we are learning how to model solutions as the situation evolves. There are variations of solutions being applied by different banks. It is important there is consistency of approach between the financial institutions. Currently, the split mortgage available from Allied Irish Bank and Bank of Ireland differs...