Results 1,461-1,480 of 1,760 for speaker:Aideen Hayden

Seanad: Appointment of Receivers: Motion (6 May 2015)

Aideen Hayden: I welcome the Minister's comments that she is willing to take this on board. I am certainly willing to make a submission to an inquiry. There is definitely a scenario where there is a particular concern about the behaviour of receivers which, in many cases, flaunt the law on illegal evictions. They have put people on the side of the road. In one case I know of a woman was put on the side...

Seanad: Appointment of Receivers: Motion (6 May 2015)

Aideen Hayden: On a positive note, I welcome the commitment of the Minister for the Environment, Community and Local Government, Deputy Alan Kelly, to amend the Residential Tenancies Act 2004; in other words, all of the rights a tenant has under that Act 2004, including being given adequate notice, having a property maintained and a deposit returned, would be seen as the obligations of a receiver appointed...

Seanad: Order of Business (12 May 2015)

Aideen Hayden: I wish to bring Members' attention to the daft.iereport published yesterday. It shows yet again that rents are rising nationally but particularly in areas outside Dublin, in other words the doughnut effect, for the simple reason that it has become too expensive to live in Dublin. I would like there to be two aspects to a debate on this issue, the first of which would be to talk to the...

Seanad: Order of Business (13 May 2015)

Aideen Hayden: I welcome the report published today by the National Economic and Social Council senior advisers to the Taoiseach recommending that a number of actions be taken in respect of the rental sector, primarily that rent regulation be introduced - in other words, regulating the extent of rent increases. Rent increases are out of control in this country. They have also proposed indefinite security...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Aideen Hayden: I welcome Mr. Jeremy Masding, group chief executive officer, Permanent TSB, who is accompanied by Mr. Glen Lucken, group chief financial officer, Mr. Shane O'Sullivan, managing director of the asset management unit, and Mr. Ger Mitchell, mortgage, consumer finance and insurance director. I also welcome the inter-parliamentary group from the Bundestag who are in the Visitors Gallery. I hope...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Aideen Hayden: I propose that speakers will have approximately ten minutes each if that is okay. We will follow the normal pattern.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Aideen Hayden: We are all colleagues here.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Aideen Hayden: I wish to follow up on what Deputy Tóibín mentioned about arrears. I had also noticed that Permanent TSB exercised its veto over insolvency arrangement proposals in what I estimated to be one third of all cases. I was struck by the opening remarks that the insolvency process was being given too much attention. As everyone in the room is aware, a proposal has gone to Cabinet to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Aideen Hayden: We have listened to a number of financial institutions that have come before us. There seems to be a similar narrative and almost, to some extent, a similar percentage. There are a very high number of the bank's arrears that are over 90 days where it has not issued letters advising of legal action, rather where it has initiated court proceedings. That are a lot of cases where court...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Aideen Hayden: What are those numbers? How many Circuit Court actions has the bank initiated in regard to its 2,803 buy-to-let mortgages with arrears of over 90 days and, similarly, for the approximately 13,000 cases of home loan arrears?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Aideen Hayden: Is that in the Circuit Court?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Aideen Hayden: That is about 10% of cases.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Aideen Hayden: I am not going to pursue the matter. I am sure the delegation understands that a certain perception exists. It is not my perception because it is my personal experience that the courts are now being used in a way that they have not been historically by lending institutions. There is more than a feeling that now that the market has improved and house prices have risen, people who were...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Aideen Hayden: I want to reply but I will wait until other speakers have had an opportunity to comment on the introduction of the StepChange debt charity initiative.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Aideen Hayden: I call Deputy Boyd Barrett.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Aideen Hayden: Before we conclude I want to ask you about the StepChange initiative. What will your relationship be with StepChange? Why did you go down the route of working with a separate body rather than some of the existing bodies, such as, for example, the Irish Mortgage Holders Organisation? Can you tell us briefly what the funding model will be for StepChange?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Aideen Hayden: Are there any other questions?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Aideen Hayden: Deputy Boyd Barrett, I will let Deputy McNamara go first if you do not mind and then come back to you.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Aideen Hayden: I propose ending the public session at 4 p.m. because we have a good deal of private business. I will restrict any other questioning to five minutes, if that is okay with Deputy Murphy. I know Deputy Boyd Barrett wants to come in again but am not sure whether Deputy Donnelly does. Deputy Murphy, you have five minutes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Aideen Hayden: I will move on to Deputy Peadar Tóibín, who had his intervention request in for a quite a while. He understands that we have time constraints.