Results 8,921-8,940 of 36,192 for speaker:Pearse Doherty
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)
Pearse Doherty: Who would the members be?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)
Pearse Doherty: Then any of the shareholders can make an application.
- Written Answers — Department of Finance: Tax Code (12 Nov 2014)
Pearse Doherty: 54. To ask the Minister for Finance the amount of tax, interest or surcharges payable written off in settlements with individuals or companies in each of the past five years. [43372/14]
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: To pick up on the rate of 1% above the existing interest rate on the tracker mortgage, if that had been applied a number of years ago, would customers be paying higher on the new facility being offered than on the variable interest rate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: If 1% was put on top of the tracker rate a number of years ago, would that rate then be higher than the variable interest rate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: Did PTSB at all times have a tracker rate that was less than 1% below the variable rate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: What was the closest margin?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: Is it correct that at a point before the ECB started to drop tracker rates, PTSB's fixed rate was more lucrative than a tracker rate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: Was the variable rate still 1% above that fixed rate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: PTSB has mentioned trying to drum up support for investment in the bank. I presume that has been discussed with the Minister for Finance in the context of the activities of the bank in trying to sell off shareholdings.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: Any deal will result in a reduction in the shareholding of the State within the institution.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: Of course. What was the most recent valuation by the NTMA of the bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: Is there a possibility of PTSB coming back with a deal - we do not know the level of interest - through which the bank in its entirety will be sold into private hands? Is that a possibility, or is there a restriction placed in terms of PTSB's engagement that it should only be a portion of the capital sum that is required?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: I understand.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: I appreciate that. Given that the window is now open to make applications for retrospective recapitalisation - of which the State invested €2.7 billion into PTSB - has this issue been raised at any time? If we sell the shares onto the private market, they cannot be transferred to the ESM.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: I appreciate that. The question I am asking is whether there was there any comment in regard to selling the shares that they were looking at that option in terms of retrospective recapitalisation, which would mean that the shares would transfer to the ESM.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: I know it is between Mr. Masding and the board, but we have seen shares in Bank of Ireland being sold, for example, to Wilbur Ross, in what was a bad deal for the State. I believe that was done more to show there was support for an Irish bank rather than for any benefit of the deal. I am concerned, given the position PTSB found itself in over the stress test, which concerns a relatively...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: Does Mr. Masding have any timeframe in mind concerning any of this?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: As regards the European Commission, PTSB's first restructuring plan has just gone off the burner. It is now about to submit a second one. Mr. Masding may be able to enlighten us as to how many years the Commission has had the first restructuring plan. What convinces Mr. Masding that the second one will be approved by the Commission? How does it differ from the first one? How long does he...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: And the timeframe?