Results 26,961-26,980 of 35,894 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: What was the closest margin?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: Is it correct that at a point before the ECB started to drop tracker rates, PTSB's fixed rate was more lucrative than a tracker rate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: Was the variable rate still 1% above that fixed rate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: PTSB has mentioned trying to drum up support for investment in the bank. I presume that has been discussed with the Minister for Finance in the context of the activities of the bank in trying to sell off shareholdings.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: Any deal will result in a reduction in the shareholding of the State within the institution.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: Of course. What was the most recent valuation by the NTMA of the bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: Is there a possibility of PTSB coming back with a deal - we do not know the level of interest - through which the bank in its entirety will be sold into private hands? Is that a possibility, or is there a restriction placed in terms of PTSB's engagement that it should only be a portion of the capital sum that is required?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: I understand.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: I appreciate that. Given that the window is now open to make applications for retrospective recapitalisation - of which the State invested €2.7 billion into PTSB - has this issue been raised at any time? If we sell the shares onto the private market, they cannot be transferred to the ESM.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: I appreciate that. The question I am asking is whether there was there any comment in regard to selling the shares that they were looking at that option in terms of retrospective recapitalisation, which would mean that the shares would transfer to the ESM.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Pearse Doherty: I know it is between Mr. Masding and the board, but we have seen shares in Bank of Ireland being sold, for example, to Wilbur Ross, in what was a bad deal for the State. I believe that was done more to show there was support for an Irish bank rather than for any benefit of the deal. I am concerned, given the position PTSB found itself in over the stress test, which concerns a relatively...
- Written Answers — Department of Finance: Tax Code (12 Nov 2014)
Pearse Doherty: 54. To ask the Minister for Finance the amount of tax, interest or surcharges payable written off in settlements with individuals or companies in each of the past five years. [43372/14]
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)
Pearse Doherty: Amendment No. 61(3) states the application will come from a member or an officer of the ICAV. What are the numbers in terms of members or officers of the ICAV? Is there an issue because the Bill allows that?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)
Pearse Doherty: What about officers who would be members?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)
Pearse Doherty: Must the secretary be in addition to the director? Can the secretary be one of the directors?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)
Pearse Doherty: Therefore, we are talking about three individuals.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)
Pearse Doherty: Therefore it is like normal company law and we are talking about two individuals.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)
Pearse Doherty: Who would the members be?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)
Pearse Doherty: Then any of the shareholders can make an application.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)
Pearse Doherty: There is a lot in that. I have a question on the involuntary strike-off of an ICAV and the robustness with which the Central Bank can act in this regard. We know the three criteria which have to be met. Section 126 sets out the grounds for dealing with an unauthorised ICAV, and refers to not having authorisation by the end of the 12 month period and so on. It seems as though a process has...