Results 1,541-1,560 of 1,974 for speaker:Arthur Spring

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Arthur Spring: I am trying to get my head around this. What risk is attributable to new business in a market which, according to us, is in an ascendancy position at present? Is it relative to the risk attributable to previous mortgages or is it on a new basis? Is it isolated within the bank when it is being funded or is thrown in with the funding of all existing mortgages? Is this why it can be reduced...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Arthur Spring: I would like to get into this in detail, but the Chairman is indicating that I must move along. A huge number of people are still in mortgage arrears. Last week we established how AIB is conducting itself. What is Permanent TSB's policy on people who unfortunately have had to sell their homes and are no longer in a position to sustain their loans? Anyone in this position is having a very...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Arthur Spring: Are write-down and write-off options?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Arthur Spring: I am glad to hear it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Arthur Spring: If I could impress one idea on the bank it is that in the event people are pushed to sell their home the bank should write off all of the debt. I know it is a financial institution with fiduciary duties to its shareholders, but in no other part of the world is somebody who loses his or her home, given that it is not a trophy home but a moderate home, on the line for something as basic as...

Leaders' Questions (13 Nov 2014)

Arthur Spring: You signed off between 2012 and 2013.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: Having arrived late to the meeting, I will give way to Senator Barrett.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: I apologise for being late. For the record, I should declare that my uncle is a public interest director. I will address four issues, the first of which is mortgage arrears difficulties and AIB's engagement with the Irish Mortgage Holders Organisation, IMHO. How is this process working out? I ask the witnesses to elaborate on the capacity of AIB to expand its product offering through An...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: Does AIB not have an internal team which deals specifically with the IMHO?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: Are the outcomes more fruitful for the mortgage holder and bank in cases where the vehicle of the IMHO is used?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: Would Mr. O'Connor consider a centre of excellence as something that could help a borrower to find a person who could advocate on their behalf and engage properly with the banks, having knowledge of the personnel with whom he or she is dealing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: Is there any vehicle other than the IMHO out there? The reason I ask is that we are trying to get a platform that we can spread across the other institutions in order to help those with distressed loans. At present, the best example I have, from my engagement with people, is that of AIB and the IMHO. I wonder whether Mr. O'Connor has an opinion. Is there anything else out there that could...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: I thank Mr. O'Connor for that. I will move on to the second issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: That is one of the questions I was going to ask.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: I will make a point to Mr. Byrne about first-time buyers and those who are going back in to try to secure family homes. There is a power-distance relationship that has evolved as a result of the crisis. When customers go to a bank, the relationship element is not as strong as it used to be. I note some customers have stated that they are looking at identifying a person in the bank who will...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: We might come back in afterwards, if that is okay.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: The reason I am asking the question about the balance sheet is that some institutions are realising their losses and writing down debts, and this has an implication for the balance sheet. In the event that AIB is not realising and crystallising losses, what kinds of latent or deferred loss are built into balance sheets within the bank at present, and how does AIB sell this when conducting...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: Was that merely a sample that was plucked out?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: Is the time up?