Results 3,521-3,540 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 with Permanent TSB (19 Dec 2012)
Peter Mathews: It does, yes. It is a covered institution.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Peter Mathews: Okay. How much exceptional liquidity assistance, ELA, is there on the balance sheet?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Peter Mathews: How much is there in advances from the European Central Bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Peter Mathews: They are the people who should capitalise the bank. The bank should not come near citizens again. It should get tough with the people who deserve it not the little people who are paying 4.35% variable interest rates. It is very simple; it is writing down debt. Let us just call it that. If I lend a person money and he or she cannot pay it back but they are doing their best – hand...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Peter Mathews: It is a sign that it is not on top of its business if it does not write it down and it is a sign that it does not have capital. If one is not on top of one’s business, one does not have capital and one does not have management. What is Mr. Masding doing? We are four years into the crisis.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Peter Mathews: We did multiple reporting in ICC as a matter of course, giving all the breakdowns of the ledgers and how many days. We knew it every month. The information was at the tip of our fingers right through the 1980s crisis. We knew what was going on and what has been going on since. Let us talk in ordinary around-the-table language. Let us forget this sort of stuff. The witnesses can come in...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Peter Mathews: Right. I have become a little bit sloppy. I used to have this information at the tip of my fingers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Peter Mathews: The witnesses must stand up and speak to the Minister. They must open a conversation with him. The former Minister asked them to go on the board. In many ways it was a poison chalice. There was an opportunity to open the curtains and let the light in as that is the best disinfectant. The witnesses could have decided to tell the newspapers what the position is and get it out fast because...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Peter Mathews: That is irrelevant. It is loan collections that are important.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Peter Mathews: It should be at 92%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Peter Mathews: It should be 90%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Peter Mathews: It is what the country needs.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Peter Mathews: I welcome the witnesses. I had an enormous sense of unreality about this for the first hour of this conversation. If the witnesses saw the film "Truman", it was like that, a weightless unreality. The language of the opening remarks was so similar that I had a sense that the same author wrote both papers in that they were in committee language. I wish this conversation could have kicked...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Peter Mathews: Is it €41 million?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Peter Mathews: What is the size of the total loan book?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Peter Mathews: What is the size of the loan provisions for losses against the size of that loan book?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Peter Mathews: That is very light when one considers that Certus, which is the workout vehicle for Lloyds Bank, has to date written off €22 billion of the €40 billion at which its loan book peaked. That begs a question about the 80% capital adequacy. What do the witnesses mean by an 80% capital adequacy?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Peter Mathews: That is okay I am happy with the way this is going. It is terribly light. It is about 7%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Peter Mathews: It is very light provisioning. Certus has written off €22 billion for Lloyds Banking Group, which is more than 50% in this context. We know that the Central Bank and the Regulator made two attempts at a prudential capital assessment review, PCAR, in 2010 and 2011, both of which were wrong by 100%. The Deutsche Bank cannot even get things right. Two weeks ago there was talk that it...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Peter Mathews: All other things being equal-----