Results 1,721-1,740 of 10,460 for speaker:Gerry Horkan
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: Fine, but sooner rather than later. In terms of the LIBOR issue that affected the RBS group on a global scale in the UK and USA, was there any issue in Ireland? Was Ulster Bank fined or was any division of RBS Group in Ireland affected by the LIBOR issue?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: So there was nothing identified in the operation in Ireland that had any issue to do with that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: The likelihood of Irish citizens being affected by it through Ulster Bank's operations in Ireland are negligible.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: The bank is acknowledging that some Irish customers could have had dealings with RBS in the UK or some other part of the world.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: The witnesses did not have sight or knowledge of this, however.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: Is the bank aware that there were Ulster Bank customers affected by it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: In terms of the global restructuring group, GRG, which we covered quite comprehensively the last time the witnesses came before the committee, there was certainly a contention that it was set up to go into businesses and try to keep them going. Other people have told us this was not the case, and certainly there have been reports on how the GRG operated in the UK, where it was to get into...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: Does Mr. Mallon accept that it did happen in the UK? Various programmes made about the GRG in the UK contended it certainly did.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: How many were examined in the the Mason Hayes & Curran debt report?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: How many entities were in the global restructuring group, GRG?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: Approximately 2,000.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: As I remember from the last meeting, approximately 5% remained on Ulster Bank's books in the long term. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: Was it purely related to Great Britain?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: Approximately 2,000 accounts of various sizes were transferred to the GRG. They were mainly commercial accounts which included commercial businesses that might have started to speculate on property in addition to their main business. What proportion is the 2,000 of the overall number? Some 1 million accounts were mentioned, but they include deposit, retail and credit cards accounts and so...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: Many loans were obviously performing. Were there 30,000 loans in total, of which 7,000 were not performing?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: There were 60,000 business customers-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: They obviously varied hugely in size, from relatively small high street shops to large property speculators and so on. Of the 60,000 loans, 7,000 were non-performing. Of those 7,000, 2,000 were moved to the GRG. Of those 2,000, 95% did not remain with Ulster Bank. Perhaps the delegates know at this stage what happened to the 95% that did not remain with Ulster Bank when they were moved to...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: Ulster Bank sold 2,000 of 7,000 loans.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: Customers communicate with us. I have other examples of people with tracker mortgages and related issues which we have covered comprehensively. Customers have communicated with us about the GRG and said their customer agent, liaison officer or whatever one wishes to call that person was not the person they thought they would be. Will the delegates outline, from their perspective, the level...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: May any of the 95% of the 2,000 people who were affected by Global Restructuring Group, GRG, still go to the appeals process?