Results 1,101-1,120 of 4,928 for speaker:Peter Mathews
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)
Peter Mathews: My point is IBRC is looking after loan books that probably will creak even more.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)
Peter Mathews: There probably will be some competition from Certus.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: Too much.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: I thank the delegation for its presentation. We have heard much about pockets of the forest, but I want to look at the overview of it. The balance sheet of any business tells us an awful lot if we ask the right questions. In December 2007 Bank Zachodni-WBK, BZ-WBK, was consolidated into the balance sheet but not EBS. After the then Minister for Finance, the late Brian Lenihan, announced...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: I think the delegates will be able to say, "Yes, we have taken all of these points on board and will reflect on them."
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: This is very serious because we are talking about millions of euro.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: Perhaps the Chairman finds it hard to understand big picture financial engineering, but this is important because if it works, the bank can pass on the value of all the write-downs and the cost of creditor capitalisation to customers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: It is not my view; it is a fact.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: I will make one final point on restructuring and loan rehabilitation on the books of AIB, the IBRC and NAMA. AIB is doing a lot of work for NAMA and I am wondering if there are conflicts or competition issues. Are staff leaving AIB to join the staff of potential buyers and investors of AIB's or NAMA's portfolio of loans? AIB staff know what the provisions on the different loan cases are,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: I asked about the other assets of €50 billion on the balance sheet and the €53 billion in creditor funding.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: Is it the case that the NAMA bonds pay as little as 0.6%?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: It is almost like a frozen lump of asset.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: Yes, but AIB has received ECB advances.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: I would be using this in my discussion on the issue of creditor buy-in, albeit retrospective, and legacy buy-in. The ECB stuffed us.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: No; that will do for the moment.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: I wish to raise three matters. In order that there will be no misunderstanding, when I refer to restructuring of AIB's client loans - mortgage loans, buy-to-let loans and SME loans - I mean including a write-down in order that the loans will be recalibrated to reflect what the current, reasonable and maintainable profits of the borrower can bear. Otherwise, our guests will only be fooling...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: Do the staff in the NAMA divisions know the price at which individual loans were sold to NAMA?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: Yes, but do the staff involved know the prices of the individual loans?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: Would such information relate to the gross amount of loans and the net purchase price?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: Banks have PPI, payment protection insurance.