Results 28,161-28,180 of 35,959 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Insolvency Service of Ireland (30 Apr 2014)

Pearse Doherty: I refer to the 16 people who are not in default and who have family homes out of the original 54 bankruptcy cases this year. The 16 people are secure in their family homes at this point in time. Let us look at 2011 figures.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Insolvency Service of Ireland (30 Apr 2014)

Pearse Doherty: Let us compare the figures for 2011 with 2013, which is more historical. Out of the 86 with family homes who went into bankruptcy, only 25 are secure in their family homes. The other ten are in default. Either way, two thirds of them have lost their family homes through voluntary surrender or otherwise.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Insolvency Service of Ireland (30 Apr 2014)

Pearse Doherty: I welcome the witnesses. I will start with a quote. It relates to what Mr. O'Connor said in his presentation about the intention of the agency and the Government to keep this legislation under review. Indeed, it is a commitment that was given last year when some of us believed that the banks would use the veto with the personal insolvency service. We hear that two of the largest banks in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Insolvency Service of Ireland (30 Apr 2014)

Pearse Doherty: That may be the fact but the reality is that the Oireachtas passed legislation which allowed for PIAs. If a bank is saying it is going to torpedo every proposal that recommends a secured debt write-down, there is a serious issue. Debtors may have the option of bankruptcy, and we will discuss that shortly, but we have heard the chief executive officer of a bank that has been saved by the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Insolvency Service of Ireland (30 Apr 2014)

Pearse Doherty: If Bank of Ireland was one of the main creditors and was able to enact its veto, why would a PIP put forward a proposal that included a debt write-down, given that the PIP knows that the policy of Bank of Ireland at the most senior level is to veto that application?

Written Answers — Department of Finance: Fuel Rebate Scheme (30 Apr 2014)

Pearse Doherty: 65. To ask the Minister for Finance his views on transport providers providing the Revenue Commissioners with the invoices for purchases of petrol-diesel on a quarterly basis and as a 2,000 litre minimum is achieved for the purposes of the excise rebate. [18878/14]

Written Answers — Department of Finance: IBRC Mortgage Loan Book (30 Apr 2014)

Pearse Doherty: 70. To ask the Minister for Finance in respect of the report by PwC into the disposal of the Irish Bank Resolution Corporation mortgage book, a heavily-redacted copy of which was recently provided to the finance committee, if he will outline the methodology used by PwC in determining the value of underlying residential property. [18968/14]

Written Answers — Department of Finance: IBRC Mortgage Loan Book (30 Apr 2014)

Pearse Doherty: 71. To ask the Minister for Finance in respect of the report by PricewaterhouseCoopers into the disposal of the Irish Bank Resolution Corporation mortgage book to confirm if PricewaterhouseCoopers examined the market value of residential market loans, as suggested by the disposal in 2012 of the GE Money portfolio to Pepper and the 2012 transfer of a €1.3 billion par value portfolio...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (30 Apr 2014)

Pearse Doherty: 72. To ask the Minister for Finance in respect of the report by PricewaterhouseCoopers into the disposal of the Irish Bank Resolution Corporation mortgage book if he will confirm if the price paid by Oaktree and Lone Star for the 64% of the loan book which they acquired was in excess of the run-off-value or the market-value. [18970/14]

Written Answers — Department of Finance: IBRC Mortgage Loan Book (30 Apr 2014)

Pearse Doherty: 73. To ask the Minister for Finance further to the recent disposal by the special liquidators of the Irish Bank Resolution Corporation of 64% of its mortgage book to Lone Star and Oaktree, if he will confirm that both of these companies typically pursue returns on investment in excess of 15% per annum; if he will outline the way these companies might achieve such returns on the mortgages they...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (30 Apr 2014)

Pearse Doherty: 74. To ask the Minister for Finance in respect of the report by PricewaterhouseCoopers into the disposal of the Irish Bank Resolution Corporation mortgage book the reason why only ten potential buyers were pre-interviewed when the loan portfolio is so diverse; and if he will make a statement on the matter. [18972/14]

Written Answers — Department of Finance: IBRC Mortgage Loan Book (30 Apr 2014)

Pearse Doherty: 75. To ask the Minister for Finance if, following the recent disposal by the special liquidators of Irish Bank Resolution Corporation of 64% of the mortgage book, he has considered using his shareholding in Permanent TSB or Allied Irish Banks to persuade either institution to acquire the unsold mortgages; if he considers AIB or PTSB to be better able to manage mortgages than the National...

Written Answers — Department of Finance: European Investment Bank Loans (30 Apr 2014)

Pearse Doherty: 77. To ask the Minister for Finance the impact of Government borrowing from the European Investment Bank on the State's debt-to-GDP ratio and deficit for each year from 2000 to 2013; and the annual cost to the State arising from interest charges on EIB investment loans to the State. [19083/14]

Written Answers — Department of Finance: Insurance Industry (30 Apr 2014)

Pearse Doherty: 99. To ask the Minister for Finance the options available to customers affected by the collapse of the Setanta Insurance company; and if he will make a statement on the matter. [19416/14]

Written Answers — Department of Finance: Motor Insurance Regulation (30 Apr 2014)

Pearse Doherty: 102. To ask the Minister for Finance if he will review the regulatory environment to ensure another insurance company does not collapse as happened with Setanta Insurance leaving 75,000 policy holders without a policy. [19419/14]

Written Answers — Department of Finance: Insurance Compensation Fund (30 Apr 2014)

Pearse Doherty: 101. To ask the Minister for Finance his plan to adjust the insurance levy or introduce any new levy in view of the collapse of Setanta Insurance. [19418/14]

Written Answers — Department of Finance: Banking Operations (30 Apr 2014)

Pearse Doherty: 93. To ask the Minister for Finance if he will use his influence at State owned banks to encourage them to institute procedures on cash handling and fees payable more suitable to small community groups. [19396/14]

Written Answers — Department of Finance: Banking Operations (30 Apr 2014)

Pearse Doherty: 96. To ask the Minister for Finance if he will consider a scheme for State owned banks whereby registered charities and small community groups can avail of free banking. [19399/14]

Written Answers — Department of Finance: Banking Operations (30 Apr 2014)

Pearse Doherty: 94. To ask the Minister for Finance if his attention has been drawn to concerns raised by community groups such as active aging groups that the fees system operated by banks are causing great hindrance to their activities and can even threaten their sustainability; and if he will make a statement on the matter. [19397/14]

Written Answers — Department of Finance: Banking Operations (30 Apr 2014)

Pearse Doherty: 95. To ask the Minister for Finance the banking options available to small community groups who are facing great difficulty accessing banking services due to the fees structure employed by Irish banks; and if he will make a statement on the matter. [19398/14]