Results 581-600 of 49,836 for speaker:Stephen Donnelly
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Stephen Donnelly: The answer to my question, then, is "No".
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Stephen Donnelly: Will Mr. Boucher put that in layman's terms, for the benefit of those listening at home to this discussion? Does he have an estimate of the total value of the domestic loan book?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Stephen Donnelly: I am referring to the mortgage book, which is estimated at €28 billion.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Stephen Donnelly: What level of impairment has the bank put against the €28 billion?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Stephen Donnelly: The last time Mr. Boucher appeared before the committee, he told us that the total amount which Bank of Ireland had surrendered in terms of mortgage debt in the Republic of Ireland was zero. Is that still the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Stephen Donnelly: Mr. Boucher gave the market disclosure figure on the previous occasion on which he came before us.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Stephen Donnelly: Therefore, Mr. Boucher is refusing to state how much money, if any, the bank has surrendered, even though he did so on the previous occasion on which he appeared before the committee.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Stephen Donnelly: Therefore, Mr. Boucher is refusing to supply the information in question. I will ask a different question. Is the amount Bank of Ireland has surrendered in its accounts?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Stephen Donnelly: That is not what I am asking. I am asking whether the total amount the bank has surrendered in its accounts. Does the bank now disclose it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Stephen Donnelly: I understand that. Will Mr. Boucher actually answer the question I asked?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Stephen Donnelly: The disclosure is the provision.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Stephen Donnelly: Just for the record, Mr. Boucher, as chief executive of Bank of Ireland, is refusing to tell the Oireachtas Joint Committee on Finance, Public Expenditure and Reform how much the bank has surrendered. Bank of Ireland has taken a write-down of €1.4 billion. Deputy Pearse Doherty asked how much had been-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Stephen Donnelly: Yes, I understand. The bank has made a provision of €1.4 billion. On the previous occasion on which he was before the committee Mr. Boucher said the bank had not surrendered anything. He is now refusing to tell the committee what is the actual number. That is fine. In terms of the personal insolvency legislation being brought forward-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Stephen Donnelly: I thank the Chairman. If someone enters into a debt settlement arrangement on secured debt, particularly in respect of a house, and if an agreement can be arrived at by the bank, the personal insolvency professional and the borrower or borrowers, at the end of the debt settlement period - under the proposed legislation this will be up to six years - is it the bank's understanding that the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Stephen Donnelly: Therefore, it is possible that the bank will engage in debt surrender as part of debt settlement agreements under the new legislation. Is that what Mr. Boucher is saying?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Stephen Donnelly: Yes, I understand that. We are in the Republic of Ireland and can state all sorts of truisms. I do not know what Mr. Boucher is doing here if he is refusing to answer questions. For the record, he is refusing to indicate to the Oireachtas Joint Committee on Finance, Public Expenditure and Reform whether the bank will even consider debt surrender in the context of the upcoming personal...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Stephen Donnelly: Mr. Boucher has still not answered the question that specifically concerns surrender. The delegation listed a total number of surrenders or repossessions but did not answer the question on the level of debt surrender involved.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Stephen Donnelly: Bank of Ireland does disclose them. Mr. Boucher disclosed the figures to us before. He is treating this committee with contempt today.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Stephen Donnelly: He most certainly is.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Stephen Donnelly: Is Mr. Boucher telling me that, by law, he is not allowed to tell this committee how much he has or has not surrendered?