Results 1,801-1,820 of 1,974 for speaker:Arthur Spring
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)
Arthur Spring: To rewind, the Governor says they have plenty of money and that it is up to them to decide how much they want to release into the marketplace. The next step is to find the people they can trust to do this. Is there a shortage of qualified builders or developers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)
Arthur Spring: The level of equity is now far greater. It is, however, still a constraint and goes back to the net question as to why the banks are at a figure of 10% and whether there is a role for the Central Bank to play. I remember the Central Bank reports we had to produce on the percentage of business in agriculture, the percentage in industry, etc., when I was working in the banking sector. The...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)
Arthur Spring: I am not saying that; what I am trying to get at is whether the Central Bank can influence it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)
Arthur Spring: That is exactly where we are at; it is unfair to customers. The biggest financial commitment the average person will make in his or her life is for a house. Currently, supply is not keeping up with demand. Rents are going out of control and lack of availability, particularly of family houses, is making it very difficult for my generation to find sustainable housing. If the Central Bank's...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)
Arthur Spring: Why is bank management down at a figure of 10%? Is it because the banks cannot find people they trust?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)
Arthur Spring: If I were to look at a bank's balance sheet and consider the amount of persons in negative equity, that would obviously impact on the cost of funds for that bank and the perceived liabilities on the balance sheet. These liabilities can be repaired by increasing the values of homes which it is quite possible for them to do. Supply and demand are the kernel of the problem.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)
Arthur Spring: It is not repossessing them. Having persons out of negative equity allows a house to be an asset rather than a liability on the bank's balance sheet.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)
Arthur Spring: Am I not right in saying that it is in their interests to have reduced supply?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)
Arthur Spring: The Governor has still not explained to me in any meaningful way why they are at a figure of 10%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)
Arthur Spring: We have probably gone as far as we can on the issue.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)
Arthur Spring: May I ask one last question?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)
Arthur Spring: Perhaps the Governor might be able to tell us more when he is no longer in the position he holds. When does he envisage us being back at the European average cost of funds and standard variable rates?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)
Arthur Spring: If the repossession and bankruptcy laws were changed, would the standard variable rate ultimately be reduced?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)
Arthur Spring: I have a very simple question, but it may have a very difficult answer. Why did quantitative easing not happen four or five years ago, when it would have made this mess much easier to deal with? Is it the case that some countries did not want it to happen?
- Written Answers — Department of Justice and Equality: Garda Deployment (9 Jun 2015)
Arthur Spring: 564. To ask the Minister for Justice and Equality to outline her plans to allocate additional gardaí from the selection of qualified Garda recruits to Tralee town in County Kerry in view of the reasons submitted in correspondence (details supplied). [21911/15]
- Leaders' Questions (10 Jun 2015)
Arthur Spring: As possible.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (11 Jun 2015)
Arthur Spring: How does the council think the economy is performing right now?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (11 Jun 2015)
Arthur Spring: Why does Professor McHale think that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (11 Jun 2015)
Arthur Spring: Does the professor think the economy has performed better than the council projected in 2011? When he first came before us in 2011, did he think we would be at the point we are at now?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (11 Jun 2015)
Arthur Spring: I remember that the council asked us to go further in making cuts in 2013.