Results 8,821-8,840 of 26,901 for speaker:Richard Boyd Barrett

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Richard Boyd Barrett: To date, the Minister has not put any pressure on Mr. Brown on this matter.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Richard Boyd Barrett: On the mortgage arrears issue, what is Mr. Brown's explanation of the 2,000 people who just will not engage?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Richard Boyd Barrett: Generally speaking, the mortgage-to-rent process does not seem to have happened. I am disappointed that has not materialised to a greater extent because it is potentially the solution to many of the most difficult cases that one would imagine, that is, people who have lost their jobs and those on low income. Mr. Brown might answer that but I will ask him one final question given that my...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Richard Boyd Barrett: Is there anything comparable in terms of where companies that would owe Ulster Bank €150 million, for example, would get a write-down of €110 million?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Richard Boyd Barrett: Does Mr. Brown have anything like that in terms of his bank's write-downs?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Richard Boyd Barrett: Sold them at a big discount.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Richard Boyd Barrett: Originally, I had one supplementary question but after Deputy Arthur Spring’s question I have two.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Richard Boyd Barrett: It is the opposite because I totally disagree with what the Deputy just said. Deputy Spring’s line of questioning essentially shows the desperation of the Government trying to resolve the housing crisis. It is now trying to put the onus on the banks to sort it out. That is a futile policy which is destined to go nowhere and, essentially, absolves the Government of its requirement to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Richard Boyd Barrett: It is not enough by a long mile. From the bank’s point of view, given the Government’s strategy to resolve the serious housing crisis appears to be to beg the banks to start lending again-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Richard Boyd Barrett: That is what you just said.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Richard Boyd Barrett: Deputy Spring and the Government are relying on the banks and the private sector to fill this enormous gap in the construction of housing units. Given his own caution about getting back into this market again, does Mr. Brown believe realistically that the banks, collectively, are going to provide the sort of finance that will fill the enormous gap in housing construction that is needed at...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Richard Boyd Barrett: I will not pursue it further. However, I draw from that response that given everything that happened, if other banks are likely to have a similar concern about going down that road again, the current housing crisis will not be resolved - at least alone - by the finance that might be provided by the banking system in this country and that we are going to have to look elsewhere. I...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Richard Boyd Barrett: I am asking Mr. Brown if he would sell them to somebody-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Richard Boyd Barrett: As a policy, Mr. Brown seems to be saying "No". I just want clarification. Can he envisage a situation where he would sell them to somebody who had controlling shares in other companies that owed his bank huge sums of money?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Richard Boyd Barrett: I apologise for missing the earlier session but I had to be at another committee meeting. I am sure many of the issues regarding variable rates and so on have been discussed. Mr. Boucher will be aware that the events around Siteserv have dominated media debate over the last week or two. That has opened up a debate around big write-downs on commercial loans. The figure the Minister is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Richard Boyd Barrett: Is Mr. Boucher saying that - I am not unsympathetic to him in this regard if that is what he is saying- under no circumstances could he envisage a situation where somebody owed Bank of Ireland €150 million and €110 million would be written down to keep them in business?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Richard Boyd Barrett: Mr. Boucher may not answer this, but did he have some involvement, along with other banks, in the write-down given to Independent News and Media?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Richard Boyd Barrett: So Mr. Boucher took equity in the bank as-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Richard Boyd Barrett: Was that of about €100 million?

Joint Oireachtas Committee on Public Service Oversight and Petitions: Decisions on Public Petitions Received (29 Apr 2015)

Richard Boyd Barrett: As we discussed, the recommendation is that as far as we understand it - and we were pretty categoric about this - whatever about the rights and wrongs of the appointments or people's views on the appointments, they were within the legislation and in that sense there was not a breach of the legislation. There is not much more our committee can do about it. However, we have said that we have...