Results 3,461-3,480 of 4,928 for speaker:Peter Mathews

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Peter Mathews: Happy Christmas to the Chairman and staff.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Peter Mathews: So do I.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Peter Mathews: Our Parliament can ask questions of our Central Bank representative on the Supervisory Board.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Peter Mathews: May I interrupt the Chairman? Where does that leave us?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Peter Mathews: I beg the pardon of the Chairman.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Peter Mathews: In practical terms, the ECB will be the supervisory authority for the entire banking system at two levels, the heavy and the lower artillery levels of banks within the Eurozone. Will there be harmonisation of how assets and liabilities are treated in the balance sheets of these banks because that will determine the risks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Peter Mathews: Is it correct to say the EBA is the one that has the rules for accounting, reporting, all the measurements or calibrations that banks operate and the ECB is the supervisory or structural authority which makes the assumption that the EBA rules are being complied with and can test them?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Peter Mathews: That they are the applicable rules.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Peter Mathews: It will really audit them.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Peter Mathews: Is this what is called a trialogue, the ECB, the European Commission and the EBA?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Peter Mathews: They are the prudential rules and the European rules are legislative.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Peter Mathews: Are we sure and confident that the framework for all of this is secure and that all the nuts and bolts are correct? I find it quite a job to read this type of stuff about article this and sub-section that and all the interlocking engineering of the thing.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Peter Mathews: Do we have the management power, the brain power and the character power to ensure this framework of prudential rules and regulations and road maps for banks within the Euro system? Do we have people who will be independent, and not going in and out of institutions, and who will have the character to be courageous if they see something going wrong, or if there is a weakness in the system, to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Peter Mathews: Will there be provision for a sentinel or supervisor of the supervisors to prevent the poachers becoming gamekeepers?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Peter Mathews: The worry would be that at the parliamentary level of oversight or sentinel supervision there would be a lack of competence and capability to ask the tough questions. That is a worry that should be addressed in the conversations at European level. Now is the time to ask the tough questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Peter Mathews: By size, there will be three.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Peter Mathews: It is part of the euro system, as I keep saying.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Peter Mathews: It is not property. It is deferred remuneration for a period in which-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Peter Mathews: Was that in relation to exposure of a client in respect of new loans?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Peter Mathews: These are technical issues.