Results 1,781-1,800 of 1,974 for speaker:Arthur Spring

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Arthur Spring: The bank has provided for it but is not allowing it to happen.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Arthur Spring: The bank is not providing any write-off. Is Mr. Boucher acknowledging that it needs to be done or could be done?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Arthur Spring: Bank of Ireland is covering the risk but not actually doing anything in day-to-day practice. That is all right. I know it is the bank's modus operandi.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Arthur Spring: I will go back to the issue of reputation. I have been like a broken record on the issue of reputation for several years and I heard Deputies Creed and Donnelly speaking about it. There is one thing I am trying to get my head around, which I would like to tease out with Mr. Boucher. He talks about having 500 people working in the area of dealing with distressed mortgages. Bonuses are part...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Arthur Spring: How are people incentivised? Are they paid any further amount for performing their duties?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Arthur Spring: Then nobody in Bank of Ireland, in treasury or anywhere else, is getting a bonus and incentives are all wage-related. I am just trying-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Arthur Spring: That is life insurance and so on. I am looking at the figures again and seeing that there is between €200 million and €500 million for new business in building homes and so on.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Arthur Spring: I am flabbergasted by the small amount of money going out there. I am sure that in years gone by, Bank of Ireland would have given out multiples of that. That does not bode-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Arthur Spring: There is capacity for more. The demand for houses exceeds supply and the price of property is going up.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Arthur Spring: This does not bode well for the person who is trying to get on the property ladder. The price of property is only going to go one way.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Arthur Spring: I understand that but Bank of Ireland's loan-to-value ratio is fairly strict and its working capital is probably even stricter. What does it need to do to get more equity into the system?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Arthur Spring: In the meantime, we are going to have a supply and demand issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Arthur Spring: We would also like information on overdraft facilities and working capital.

Written Answers — Department of Environment, Community and Local Government: Nitrates Action Programme Implementation (7 May 2015)

Arthur Spring: 199. To ask the Minister for Environment, Community and Local Government in view of the abolition of milk quotas, if he will consider extending the current derogation under the Nitrates Directive to 300 kilograms per hectare per year, targeted specifically at smaller farms with the ambition to expand. [17963/15]

Written Answers — Department of Social Protection: Disability Allowance Eligibility (26 May 2015)

Arthur Spring: 213. To ask the Minister for Social Protection if a person on disability allowance who is allowed to work for rehabilitative purposes through the partial capacity benefit scheme is permitted to work as an employee and a self-employed person simultaneously. [20371/15]

Written Answers — Department of Transport, Tourism and Sport: Penalty Points System (26 May 2015)

Arthur Spring: 1042. To ask the Minister for Transport, Tourism and Sport if the existing penalty points on a person's driving licence (details supplied) in County Kerry should have expired, due the fact that the relevant person was given these points in 2007 and emigrated from 2011 to 2013; and if he will make a statement on the matter. [20611/15]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)

Arthur Spring: I wish the Governor the very best on his new horizons and thank him for the service he has done the State. I start with a question on property prices and the activity in which the banks are involved. We recently extracted from some of the banks the fact that their working capital provisions were down to approximately 10% of what they had been at the height of the boom. One could derive...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)

Arthur Spring: Does the Governor consider that a figure of 10% reflects the reality of where the market is relative to where it was at the height of the boom?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)

Arthur Spring: I acknowledge that. It is very expensive and rare.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)

Arthur Spring: The model shown to us was that 40% would have to be from equity at a minimum for site finance and the banks might then consider providing 60%. Does it matter what way one looks at it? One is still down to a figure of 10% going towards working capital for site finance and the building of houses. How will supply keep up with demand if that provision is not increased?