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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Pearse Doherty: Ulster Bank will not approve a personal insolvency practitioner, (PIP), recommendation because the chief executive of Ulster Bank has stated the bank does not write off mortgage debt.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Pearse Doherty: In that case, the personal insolvency practitioners and insolvency service are wrong to propose write-downs of up to 39% of secured debt.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Pearse Doherty: I will move on. It am disappointed with the way in which Ulster Bank proposes to deal with the Insolvency Service of Ireland and personal insolvency arrangements. How can Ulster Bank justify the fact that 5,675 of its customers have not been offered any type of long-term proposal?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Pearse Doherty: The bank has made 11,231 proposals. The number of customers in arrears of 90 days or more in the residential and buy-to-let sectors is 16,906. One must, therefore, conclude that 5,675 of these customers have not been offered a proposal under the March targets.

Ceisteanna - Questions - Priority Questions: Mortgage Resolution Processes (8 Apr 2014)

Pearse Doherty: It is a key point of my question. On 20 February, the Minister told me:I have informed the Deputy previously that letters threatening repossession or legal action could not in my opinion be considered a sustainable solution under the mortgage arrears targets ... .In November last, he stated:I have previously informed the House that letters threatening repossession or legal action could not,...

Ceisteanna - Questions - Priority Questions: Mortgage Resolution Processes (8 Apr 2014)

Pearse Doherty: I am sure the Minister has not answered my question. I asked him whether he was satisfied with the pace of providing long-term sustainable solutions and, in particular, avoiding the danger that people would lose their homes in the coming months. We know that the rate of repossession has been ramped up. Last week the Joint Committee on Finance, Public Expenditure and Reform met...

Ceisteanna - Questions - Priority Questions: Mortgage Resolution Processes (8 Apr 2014)

Pearse Doherty: 2. To ask the Minister for Finance if he is satisfied with the pace of resolutions for cases of mortgages in arrears by banks, especially the number of permanent solutions being implemented; and if he has any plans to bring forward additional measures to aid homeowners struggling with arrears, particularly those in danger of losing their homes in the coming months. [16462/14]

Ceisteanna - Questions - Priority Questions: Mortgage Resolution Processes (8 Apr 2014)

Pearse Doherty: This question about mortgages comes up every month when we deal with finance questions. Later this evening we will begin to see the procession of senior bankers appearing before the Oireachtas Joint Committee on Finance, Public Expenditure and Reform. I am sure they will expect the Minister to hand them gold stars because they all claim to have reached their targets. The Minister and I...

Written Answers — Department of Finance: Tax Code (8 Apr 2014)

Pearse Doherty: 15. To ask the Minister for Finance his views on the recent OECD paper the Tax Challenges of the Digital Economy on the taxation of multinational companies and its potential impact on Ireland; and the way he is seeking to influence the debate on global taxation. [16067/14]

Written Answers — Department of Finance: Banking Sector Remuneration (8 Apr 2014)

Pearse Doherty: 25. To ask the Minister for Finance the principles he will follow when deciding on the voting position on the issue of bankers’ remuneration at the annual general meetings of banks in which the State is a shareholder. [16064/14]

Written Answers — Department of Finance: IBRC Liquidation (8 Apr 2014)

Pearse Doherty: 28. To ask the Minister for Finance if he is satisfied with testimony given to the Joint Committee on Finance and Public Expenditure and reform by the special liquidators recently, when a person (details supplied) revealed that the legal firm advisers to Irish Nationwide Building Society since 2001, who advised against the suing of the firm's auditors KPMG in 2009, are the legal firm giving...

Written Answers — Department of Finance: Small and Medium Enterprises Debt (8 Apr 2014)

Pearse Doherty: 40. To ask the Minister for Finance the actions he is taking to protect the viability of small and medium enterprises which are overburdened with debt due to property assets; the contact he has had with the ECB on the issue; and if he shares the views of Professor Morgan Kelly on the issue of SME debt. [16068/14]

Written Answers — Department of Finance: Banking Sector (8 Apr 2014)

Pearse Doherty: 41. To ask the Minister for Finance his views on the Royal Bank of Scotland’s review of Ulster Bank, the poor financial performance by Permanent TSB and if the possibility of merging the two banks has been discussed. [16066/14]

Written Answers — Department of An Taoiseach: National Reform Programme (8 Apr 2014)

Pearse Doherty: 55. To ask the Taoiseach the number of organisations that have made a submission to the consultation on the national reform programme 2014 to date. [16263/14]

Written Answers — Department of An Taoiseach: National Reform Programme (8 Apr 2014)

Pearse Doherty: 56. To ask the Taoiseach the way in which the consultation process for the national reform programme 2014 was advertised or publicised. [16264/14]

Written Answers — Department of Finance: EU Programmes (8 Apr 2014)

Pearse Doherty: 92. To ask the Minister for Finance when the 2014 stability programme update will be published. [16115/14]

Written Answers — Department of Finance: Small and Medium Enterprises Debt (8 Apr 2014)

Pearse Doherty: 108. To ask the Minister for Finance the reason resolution targets for small and medium-sized enterprise debt at the State-owned banks are not published; and if he will make a statement on the matter. [16262/14]

Written Answers — Department of Finance: Central Bank of Ireland (8 Apr 2014)

Pearse Doherty: 109. To ask the Minister for Finance the communications he has had with the European Central Bank regarding the possible sale by the Central Bank of Ireland to the market of Government bonds created following the liquidation of Irish Bank Resolution Corporation. [16265/14]

Written Answers — Department of Finance: Central Bank of Ireland (8 Apr 2014)

Pearse Doherty: 110. To ask the Minister for Finance the way a sale on the market of the floating rate treasury bond linked to the liquidation of Irish Bank Resolution Corporation could affect the State's financial planning. [16266/14]

Written Answers — Department of Finance: Banking Operations (8 Apr 2014)

Pearse Doherty: 131. To ask the Minister for Finance if he will provide in tabular form the value and the number of payment protection insurance policies mis-sold by banks on a bank by bank basis; and if he will make a statement on the matter. [16429/14]

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