Results 3,461-3,480 of 16,212 for speaker:Peadar Tóibín

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: I will move on to the credit risk function, which is a particular function that checks these write-downs. Is there a threshold that is reached when information is passed to the risk function? Do those staff members take a percentage or a random sample? How do they work out what to check? How many write-downs are refused? In how many cases do those with a credit risk function say the bank...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: No audit is done afterwards.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: Is there any information about how many of those audits turn out negative? As in, where a decision is made and it is considered the wrong decision.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: I appreciate that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: Does the bank collate any socioeconomic data on the individuals who get write-downs? Has the bank any mechanism to be able to analyse if there are patterns in respect of people who get high levels of write-down and people who get no write-down or who are squeezed for the last cent owing according to their contracts? Is any analysis done afterwards to see are there any patterns? We are all...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: I mentioned the socioeconomic data of the borrower in that scenario. Are those data collected?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: I am, as well as their profession and income.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: There is an element of that. There is no doubt in my mind that these transactions are carried out by human beings. These write-downs are delivered by human beings and we are all susceptible to different elements of individuals who stand before us. If a person has celebrity, political power or great influence in the community, those things can have an influence. I am trying to work out if...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: Could Mr. O'Keeffe break down the 1,900 customers who received the significant 90% write-downs? How many were developers? How many were builders? How many were businesspeople? How many were farmers? How many were ordinary people who bought a couple of houses that were overpriced?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: Could the committee get such a breakdown?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: I imagine it is skewed towards developers and people in that scenario, rather than Joe Soaps who have bought two or three properties.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: Many people's mortgages were shifted to vulture funds or investment funds. Many of them are now paying exorbitant interest rates of 7%, which will shortly rise to 7.5%. Such interest rates can add up to €5,000 more to the annual repayments relating to a mortgage than would have been the case with those people's original banks. In banking in general, why would some people be shifted...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: Is there a threshold by which a particular case, a number of cases or at least a policy is brought to the board for an understanding or a decision?

Ceisteanna ó Cheannairí - Leaders' Questions (1 Mar 2023)

Peadar Tóibín: It is important to repeat that the information we received is characterised that these 3,500 people who died contracted Covid in a nursing home or in a hospital. Out of respect to those people who have lost loved ones, they should be entitled to the truth and entitled to justice in relation to what happened them. They want information here. They do not want a nebulous review or inquiry....

Ceisteanna ó Cheannairí - Leaders' Questions (1 Mar 2023)

Peadar Tóibín: What about all the Airbnbs?

Ceisteanna ó Cheannairí - Leaders' Questions (1 Mar 2023)

Peadar Tóibín: That figure is 600.

Ceisteanna ó Cheannairí - Leaders' Questions (1 Mar 2023)

Peadar Tóibín: Information given to Aontú by the HSE shows that well over 40% of Covid-19 deaths in Ireland are linked to hospital or nursing home outbreaks. That is 3,500 people who died because they contracted Covid-19 in a nursing home or hospital. For example, these are people who went into hospital with a broken leg and came out in a coffin. It is a human disaster of enormous proportions and,...

Future of Regional Pre-Hospital Emergency Care: Motion [Private Members] (1 Mar 2023)

Peadar Tóibín: Cuirim fáilte ollmhór roimh an rún Comhalta Phríobháidigh seo ón nGrúpa Réigiúnach. An cuspóir atá ag an rún seo ná cabhair a thabhairt d'othair agus do dhaoine atá i gcruachás san áit ina bhfuil siad chun cabhrú leo leigheas a fháil agus a gcuid saolta a shábháil gan brú a chur ar...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

Peadar Tóibín: Míle buíochas leis na finnéithe as teacht anseo inniu. Tá fáilte rompu. A question was asked about who regulates the regulator. My instinct is that it is meant to be our job to regulate the regulator. I do not believe that we, as Deputies, have done that job properly. The most frustrating thing about this is that none of it has happened by accident. This is all...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

Peadar Tóibín: It is in the DNA of at least one of the Government parties not to interfere with the market in any way whatsoever. There is almost a laissez-faireattitude to the effect that the market will right itself. Mr. Kissane alluded to the fact that some of these contracts were agreed and that they might come a cropper in the context of any new legislation. In other words, if new legislation is...