Results 3,641-3,660 of 4,002 for speaker:Rose Conway Walsh

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Rose Conway Walsh: Strictly speaking, the role of the committee is to look at the EU proposals to decide whether they are in line with the principles of subsidiarity and proportionality. In 2011, the Dáil decided that the proposal then from the EU and the CCCTB was not in line with those principles and adopted a reasoned opinion. It stated five detailed reasons why this was the case. Does the Department...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Rose Conway Walsh: Does Mr. Hession think a common approach across Europe would make it more difficult to avoid paying tax?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Rose Conway Walsh: Does Mr. Hession agree that having a common tax base would not in any way affect our 12.5% corporation tax, or whatever it might be and that they are two completely separate issues?

Seanad: Finance Bill 2016: Second Stage (1 Dec 2016)

Rose Conway Walsh: I thank the Minister for presenting the Finance Bill to us. It has now been six weeks since the budget announcement and one week since the Finance Bill was passed by the Dáil, and the question of whose budget it was still remains. The twists and turns of Fianna Fáil would have political scientists scratching their heads. Initially, it claimed credit for a tax spend and cut ratio...

Seanad: Finance Bill 2016: Second Stage (1 Dec 2016)

Rose Conway Walsh: I wish to register our opposition to the Bill

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: The reality is that most of the SMEs that face these difficulties were ones connected to real estate. Does Mr. Blair accept that the fact that Mason Hayes & Curran only interviewed five businesses is totally unacceptable? In the process of what Ulster Bank is about to do, would that not happen? Five businesses out of that number will not give any true reflection. In fact, if one...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: Did Mr. Blair think that five was sufficient to give a picture?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: Can Mr. Blair comment on the number of just five being sufficient?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: Okay, so Mr. Blair is not giving his opinion on the five.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: I welcome the fact that the bank has committed to putting the 2,000 customers affected by the tracker mortgage debacle back onto to tracker mortgages by Christmas, or at the latest by early in the new year. The stress caused to customers in these cases contradict the line about the bank's integrity. To send out four letters stating the same things over a 12-month displays an arrogance and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: The arrears.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: The standard variable rates, SVRs, are as high as 4.3%. How much would a 0.3% decrease in that rate cost the bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: Following the stress tests, one is tempted to ask whether Ulster Bank is not going to be a cash cow for the RBS for the foreseeable future. Will the fact that the RBS failed the stress test lead to more dividend requests from this country? What confidence can Ulster Bank customers have today that, should RBS run into difficulty, Ulster Bank will not be sold off straight away for cash for RBS?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: I am interested to know if it will have a knock-on effect on Ulster Bank, as it is based here. What protections does Ulster Bank have such that the entity in Ireland will not be forced into a certain position, particularly with the uncertainty around Brexit and what that might mean for RBS even in the next 12 or 24 months?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: The Central Bank would probably have an oversight there. I need to move on to a few more questions. Do I have enough time?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: I believe Ulster Bank is in the process of restructuring and downgrading its risk assessment and oversight procedures. I ask Mr. Mallon to confirm that the following points are true. Is Ulster Bank halving the risk-support manager role? As a follow-up, is it getting rid of the team leader in each branch? The team leader was in charge of risk control, compliance and auditing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: Is Ulster Bank halving the risk-support manager role?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: The difficulty is that the work of the team leader is being put on the branch manager and the branch manager is judged by sales, which means there is a direct conflict with his or her role, with risk control compliance on the one hand and generating more sales - probably riskier sales - on the other hand.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: Can Mr. Mallon give me assurances that all the existing Ulster Bank branches will remain open?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: So Mr. Mallon cannot give me an assurance that all branches will remain open. Have branches been identified for closure? Has Ulster Bank rural-proofed its plans in terms of its technical innovation drive?