Results 29,861-29,880 of 35,924 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Pearse Doherty: I completely disagree. I will move on. In regard to the restructuring, Mr. Boucher mentioned that of the 3,164 cases – again, he has not given us the figures for the quarter – that have been restructured, offered a restructuring or have been resolved between the end of quarter 1 and quarter 2, the type of restructuring that has been offered or is in place is similar to the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Pearse Doherty: To the stock. If we look at the trend in what is in place in table 15, the majority are interest-only mortgages for a short duration and also interest with a reduced capital. Mr. Boucher mentioned that none of them involve a reduction in interest across the entire period of the loan. They are short-term solutions. It is my understanding that the Central Bank will not accept interest-only...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Pearse Doherty: Yes, please.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Pearse Doherty: On a point of order -----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Pearse Doherty: On a point of order, with respect to Mr. Boucher I think he and the bank are playing this committee for fools. These are not the figures that were requested. Slide No. 15 refers to the figures that are in place. They do not deal specifically with the offers the bank made in respect of quarter 2, which are required by the Government and the Central Bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Pearse Doherty: This is a point of order.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Pearse Doherty: Can the information we require be e-mailed to Mr. Boucher so that it can be circulated to members?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Pearse Doherty: We are dealing with three sets of figures. As the figures have not been presented on paper to committee members, it is very difficult to follow this. The requirement under the Central Bank and the Government's proposal was in respect of a target for accounts in arrears over 90 days - Mr. Boucher has given that figure as 11,774 - whereby 20% of them were to have long-term sustainable offers...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: I really appreciate Mr. Duffy's answer. Many people expected that the 1,200 employees of AIB would receive a salary reduction, but I note the bank has reduced remuneration costs largely through redundancies and also through the measures Mr. Duffy outlined. I have another brief question on the banking inquiry. Have the tapes in respect of the trading room been preserved in AIB and are...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: My final question is about something I will put to the Taoiseach when the Dáil resumes. Mr. Duffy's name has been mentioned in the public media with regard to other banks such as Danske Bank and the meeting he held with a senior Government Minister. I have engaged with Mr. Duffy in respect of constituents and I have met with him at committee meetings and in private session. I welcome...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: I appreciate that. Despite the fact that Mr. Duffy does not have a decision function, is it appropriate to facilitate a meeting between the CEO of a State bank and a Minister in the Government with regard to the personal difficulties of that Minister and the potential risk of bankruptcy and expulsion from the Dáil as a result?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: That is what happened in this case, that it was a side issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: I will try to be as brief as possible. I welcome the information on Priory Hall, and I hope we will get engagement to see when the process will conclude. Going back to the issue of strategic defaulters, there was mention of a figure of 20% of those in arrears who could pay their mortgage, going on AIB's expenditure guidelines. Will those guidelines be published so that people can judge for...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: I understand. We have the ISI guidelines and would appreciate the AIB guidelines.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: The Mercer report was referred to earlier. Over 1,200 staff in AIB earn in excess of €100,000. Have any of them received a reduction in basic salary? I am not talking about pensions or increments but will base salaries be reduced as a result of the Mercer proposals?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: How many of the offers of split mortgage were withdrawn by AIB?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: How many of the offers of split mortgages-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: I will move on because I am conscious of the time. Option K in the code of conduct has not been referred to. Option K is reducing the principal sum to a specific amount - a debt write-down. It is an option but Mr. Duffy did not mention it in his presentation. He did mention it as a result of questions. In respect of the figures he provided for quarter two, it did not appear. Did option...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: Are we are talking about just a handful?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: When does Mr. O'Connor expect the Central Bank to verify these figures? The Central Bank is to verify these figures which are just figures from the bank in respect of the offers.