Results 861-880 of 4,928 for speaker:Peter Mathews

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Peter Mathews: It is an open question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Peter Mathews: Who will pay for the losses?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Peter Mathews: As well as deleting parts of the legislation we could insert others.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Peter Mathews: A simple amendment.

Written Answers — Department of Environment, Community and Local Government: Property Taxation Application (20 Sep 2012)

Peter Mathews: To ask the Minister for Environment, Community and Local Government when the expert report on the property tax conducted by Dr. Thornhill will be published; if a job impact assessment has been conducted on the introduction of a property tax; and if he will make a statement on the matter. [39711/12]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: The credit union framework for prudential business has operated well over the years. It is inappropriate for the IBF to make any remarks on this subject because the credit union movement has, through its experience and operation, carried out the type of prudential assessment appropriate to the business it conducts. Credit unions are in a position to evolve and address any new risks that may...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: It is a number of years since I was involved in auditing myself - carrying out the work of auditing rather than auditing myself.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: Deputy Michael McGrath is also an accountant. It is important that on a five-year basis, the firm that audits an enterprise, regardless of whether it is a voluntary enterprise, PLC or private limited company, brings fresh eyes, thinking and standards. In respect of the permanent audit file to which Mr. Morris referred and which documents the systems, the patient's file can travel from one...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: I take the point if that is referenced to the Parma audit. However, we have a banking sector with comprehensive losses of €135 billion in this country. Perhaps there was an element of complacency in the overall prudential reviews and tests carried out over a long period of time - over ten years. I will not particularise professions but, in general, 'Establishment' Ireland got complacent.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: With €90 million of loan assets, and 25,000 customers, the average loan size is €3,600. If a flexi-loan or line of credit was put in place, it would need to be reviewed on a six monthly or yearly basis. It would also need to be controlled to the extent that only customers with proven track records of repayment could avail of it. Otherwise the situation could arise through...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: I apologise for being late. I arrived during a very interesting part of Ms Motherway's presentation when she was referring to solvency, the spread, stickiness and depth of the deposit, etc. The credit union movement began as a mutual savings framework for, effectively, lending on an unsecured basis. In those early days, the banks tended to be the province of wealthy people and businesses....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: His word.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: Stockbrokers once did that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: There is a chasm between the two.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: I know.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: People do business with certain other individuals because they like them and not because of price.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: I thank the witnesses for their contributions. I did not understand the reference to tax expenditure. What is it? The definition of a dormant account is that there has been no customer-originated activity for 15 years. That means one could have an interest roll-up for 15 years because it would not require the customer to intervene. People hold prize bonds for 20 years and 25 years but...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: The Deputy can ask it in Irish.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: Are holiday loans provident or productive?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: It is a credit line.