Results 3,481-3,500 of 4,928 for speaker:Peter Mathews
- 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: We need strong winds.
- 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: The Celtic tiger was in the 1990s.
- 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: I would say the classification is-----
- 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: I apologise.
- 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: Our creditors under the euro system.
- 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: Yes, but I am saying to spread that and make it contagious.
- 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: Yes, Dr. Somers is quite right. Some 99% of people are honourable and decent and want to pay back what they can. It is therefore up to both parties to sit down and work out what can honourably be repaid over income expectations. We are all agreed on that. However, as the bank with which we have met and conversed, I am asking AIB to spearhead the requirement of the effort in that...
- 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: I can read between the lines. It is an idiotic deal.
- 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: This is it. Dr. Somers's style is different from ours.
- 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: My conversation may have been a bit one-sided but both witnesses are nodding, so I sense that there is not much disagreement.
- 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: This is not confession. Did you notice the difference, Chairman?
- 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: This is what I call a view.
- 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: I think the survivor bank system needs further capitalisation. In the case of Bank of Ireland it could be €10 billion minimally to get its provisions right so that it can start the sort of work that would follow from the insolvency stuff. I think that AIB will need more, too, as will Permanent TSB. The IBRC issue is being lumped onto the main national debt. In all, we are talking...
- 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: If that is the case, why is the bank's management - and AIB has 10,000 or 11,000 staff at different levels - not getting on with the job of writing down collectable amounts, one by one, with customers? Is it because the capital or the people are not there, or is it both?
- 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: They are also dealing with-----
- 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: Can I have my uniform after lunch, please?
- 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: The witnesses are welcome. I thank Mr. Spring and Dr. Somers for their presentations. Yesterday, we had a feeling of unreality. It was a bit like “The Truman Show”. This morning we had fog. The fog is lifting. I thank the witnesses for the refreshing tone of their opening statements and the free-flowing conversation they have had with the Chairman during the opening...
- 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: Okay. Thank you, Chairman.
- 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: That was July 2011. I wish to go back a little to examine the situation as the picture was emerging. Mr. Spring said that shortly after joining, he was horrified by the scale of the losses. I am amazed that the accounting firms did not have some anticipation of that but they seemed to be dulled in their minds as to what had happened to the balance sheets of banks. They should have seen...
- 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: Are there provisions against that? I apologise for having caught Dr. Somers off guard. The reason I ask is that I have a benchmark picture in my head that Certus, which is doing the loans work-out for the Lloyds Bank subsidiary, Bank of Scotland (Ireland), has, to date, written off €22 billion of the €40 billion where its loans peaked. That is colossal. The bank’s...