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Order of Business (9 Apr 2014)

Pearse Doherty: My question was not about the GP legislation the Government is introducing but specifically No. 115, an amendment to the Competition Act.

Order of Business (9 Apr 2014)

Pearse Doherty: No, it is a separate issue, allowing for collective bargaining.

Wind Turbine Regulation Bill 2014: Second Stage (Resumed) [Private Members] (9 Apr 2014)

Pearse Doherty: Ba mhaith liom fáilte a chur roimh an mBille seo. Nuair a chuala mé aréir go raibh an Rialtas ag tabhairt tacaíochta don Bhille, bhí mé an-sásta, ach tar éis a bheith ag éisteacht leis an méid a bhí le rá ag cuid de chomhghleacaithe an Aire Stáit as Páirtí Fhine Gael, tá sé iontach soiléir nach bhfuil...

Written Answers — Department of Education and Skills: Youth Employment Initiative (9 Apr 2014)

Pearse Doherty: 64. To ask the Minister for Education and Skills the number of years Ireland will benefit from the youth employment initiative. [16901/14]

Written Answers — Department of Education and Skills: Youth Employment Initiative (9 Apr 2014)

Pearse Doherty: 65. To ask the Minister for Education and Skills Ireland's allocation from the EU's youth employment initiative. [16923/14]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: I welcome Mr. Masding and his colleagues to the committee. I also welcome the fact they have attracted new deposits to the bank while reducing some of the ratios bearing down on it. They have a difficult job which is not made any easier by the fact the bank still seems to be in limbo, not knowing which way it will end up. There has been much speculation about mergers with Ulster Bank and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: That is to be welcomed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: If you let me finish, that is where I am going down. I have not even named anyone. You are eating into my time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: I am not dealing with a specific case.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: I asked about the definition of vulnerable cases and how the bank deals with them. The point I am making is that not everyone in such circumstances has access to their Deputy who can bring this to the bank’s attention. Therefore, through that process, we can get to a resolution. However, when these people engaged with the bank, the sustainable solution they were offered was...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: In regard to court proceedings, we saw from the figures presented by the financial institutions that Permanent TSB was probably the bank that used legal proceedings least. Half of some of the other banks' proposals involved legal proceedings or assisted voluntary sales. These figures referred to quarter four. However, Permanent TSB has now provided us with the figures for quarter one of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: As a financial institution, Permanent TSB has obviously looked at the figures and done the financial calculations regarding the expected number of people who will re-engage and how many people it can offer solutions to. Based on those estimates, how many properties will Permanent TSB repossess in 2014?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: Will it reach 1,000 this year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: Is that because of the lengthy process for a repossession?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: In regard to repossessions, has the Central Bank raised any issue with Permanent TSB in terms of the scale of repossessions? The figure for the most recent quarter for those against whom legal action or court proceedings have been initiated is 154 per week and there has been a ramping up of letters advising of legal action. Has the Central Bank given any advice or expressed any caution? ...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: Was there any concern raised regarding the scale of threats of repossession?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: In regard to Permanent TSB's split mortgage proposal, the figure on which is 7,250, the bank charges interest on the warehouse portion. What is the interest rate on that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: What about on buy-to-let properties?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: In regard to the proposal for a split mortgage, Mr. O'Sullivan has said that a customer must show the ability to pay back at the end of the period. Is the proposed solution in the majority of cases that the house will be sold at the end of the term?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: In regard to the split mortgages, what is the take-up on the split offers proposed?

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