Results 2,521-2,540 of 4,928 for speaker:Peter Mathews
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: I know you are. You have to be fair.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: Have I shown myself to be disposed to be helpful?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: It is life assurance.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: I have ten minutes, is that right?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: Thank you, Chairman. I thank Mr. Brown for coming. I have a certain amount of sympathy for him, as I do for all his peers in the other banks, in this regard only, that he is the meat in the sandwich. Where are the banks' boards of directors? They direct the banks and the financial sector. They are the guys who signed off on the behavioural policies and strategies of the banks leading up...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: Senator Barrett is correct. The bank did have those standard financial statements before the bubble. What happened then? What minds were working? At the top were they cocaine fuelled rather than credit fuelled? It is a very serious responsibility with which we have been left. Bank of Ireland had €61 billion of senior secured debt on its balance sheet in March 2008. That is...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: Chairman, it is the same for AIB and Bank of Ireland. As you said, these meetings are about the overview of the financial sector.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: Please restrain yourself, Chairman.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)
Peter Mathews: You should moderate your views, Chairman.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Peter Mathews: It is very important that people understand this, and they ought to understand it if they are reluctant to understand it. A national concerted effort is needed to get the country out of the hole and to drain the swamp so normal economic activity can start again. Yes, it is approximately €60 billion for the euro system. As regards the promissory note of €27 billion that was...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Peter Mathews: We did not even ask for it. Does the witness know why? It is because our establishment figure in the form of the Governor of the Central Bank was a co-author of the promissory notes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Peter Mathews: HBOS got out of this country with 45% to 50% losses on a €42 billion loan book.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Peter Mathews: I must get straight to it as time is against me. An overall calamity has hit Ireland, and it is a shameful episode of ten years, with four years after 2008 and six years leading up to that time. The banking sector - not just here but abroad and everywhere - has acted disgracefully, crushing and distressing households and indigenous businesses. I can explain mathematically how this was...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Peter Mathews: The eurosystem.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Peter Mathews: It will not, if people do not at least try-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Peter Mathews: I was talking about the loan-to-deposit ratio.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Peter Mathews: To conclude quickly on that point that I was making about the banking sector as a sector with responsibility for the exponential bubble in asset prices which left this legacy of debt that Deputies Spring and Higgins stated is wrong, not only for an economy but also for people and households, I have come across households with suicides, break-ups and children being traumatised by hearing the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Peter Mathews: These papers which have been ignored and inform the banks on what they should do are four years old.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Peter Mathews: The Department of Finance, the Government and the Cabinet need to be brave and raise this matter in Europe.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Peter Mathews: I thank Mr. Duffy for his efforts. I know it is tough. I have been in that place and have carried out loan recoveries. That is why I know what I am talking about.