Results 821-840 of 5,587 for speaker:Kevin Humphreys
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Kevin Humphreys: Is it NAMA's intention to sell on the special purpose vehicle to approved housing bodies?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Kevin Humphreys: Will Mr. McDonagh confirm that it is his hope that by this time next year, 1,200 units will filter into social housing?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Kevin Humphreys: I accept that. Mr. McDonagh has given me a very clear answer. Money has been made available to finish off development sites. In my area of Dublin I see a pent-up demand for new office blocks and new apartments. The demand for rental properties in central Dublin is very high. Has NAMA a plan to release money or to invest in developing its brownfield sites in the short-term, as anecdotal...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Kevin Humphreys: It is welcome that people with specific expertise are now being seconded to Departments and Government bodies. I know there is a code of practice and confidentiality. Does NAMA maintain a register where their staff can declare their interests? How does NAMA manage, for example are there issues of good governance when people from the private sector take up a position on secondment with it?
- Prospects for Irish Economy: Statements (Resumed) (25 Oct 2012)
Kevin Humphreys: I want to use this opportunity to raise a number of key issues this country must consider. This year's budget will be tough, but despite the measures we must take, the deficit will remain 7.5% of GDP in 2013. This is well above what we can afford to borrow on a continuous basis. Unemployment remains far too high, at almost 15% and we are continuously working to implement measures to reduce...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)
Kevin Humphreys: I join in the tributes paid to the staff members who remained. Approximately 1,450 members of staff lost their jobs, the majority through no fault of their own, because of what went on in Anglo Irish Bank, and we should acknowledge the work they did over many years only to be sold out by the previous Administration. I worked in the private sector and when it comes to wind-down, closure...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)
Kevin Humphreys: What was the loss on the US loan book sold for $10 billion?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)
Kevin Humphreys: It is stated on page three of the submission document that the bank hopes the final cost will be closer to €25 billion. Will the witnesses outline the model of market conditions used for this forecast? What market conditions are required to achieve this outcome?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)
Kevin Humphreys: The proportion of the portfolio comprising residential and investment mortgages is described as small. What is the figure for this small proportion?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)
Kevin Humphreys: I apologise for moving rapidly but I am under time pressure. The comments of Fiona Muldoon of the Central Bank on decisive and creative dealings were referenced. I am a firm believer in examples and I ask the witnesses to provide me with an example of how they have been creative and decisive.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)
Kevin Humphreys: I believe the Central Bank is frustrated with the slowness. Mr. Dukes stated the bank still has not worked out a procedure and has far to go down the road. The bank is only beginning to enter discussions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)
Kevin Humphreys: The matter of parliamentary questions was touched on in The Irish Times this morning. The Minister indicated he contacted the board on the €1 million bonus to Mr. Fingleton. Overall it is quite small when one considers the losses, but it is very important to the public. Will the witnesses give us an update on regaining this money for the taxpayer?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)
Kevin Humphreys: The Irish Bank Resolution Corporation, IBRC, is proceeding with this particular process.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)
Kevin Humphreys: Is it near the top of the list?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)
Kevin Humphreys: Questions have been asked in the media about whether we are duplicating a process. Has the IBRC considered a merger? Has the idea been raised at board level? Has the board discussed what path would give the best value to the taxpayer? The loan books are reducing. Is there an argument for considering a merger with another agency?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)
Kevin Humphreys: Sometimes, the lower paid workers take all of the pain of companies downsizing. Given the business being done by the bank, has the board considered whether it needs ten members? Costs should be assessed at every level. Too often, they are only assessed at the lowest level. Does the board examine its own operation and size?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)
Kevin Humphreys: I thank Mr. Dukes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: Mr. Boucher said earlier that there is gratitude towards the Irish taxpayer for assisting the bank. Did I pick up that remark correctly?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: Bank of Ireland would feel a certain amount of gratitude for that, is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: Does Mr. Boucher think there should be a dividend as an expression of that gratitude? I put it to him that he should re-engage with the Minister for Arts, Heritage and the Gaeltacht in regard to the bank premises on College Green. Tourism has a major role to play in Ireland and if the State had control over Grattan's Parliament, it would help us to develop our tourism industry. If the bank...