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Seanad: Order of Business (24 Nov 2016)

Rose Conway Walsh: As it is 16 days of action, can we ask for the Minister to come in as early as possible during those 16 days?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: It has been an interesting morning in terms of the presentation regarding the stability of the bank and all of that. It is only in the past 20 minutes or so that we have got to the crux of some of the problems coming down the line in terms of the number of people who can expect to lose their homes in the next year, albeit I recognise the efforts the bank says it is making to engage. The...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: When Mr. O'Keeffe says "some", how many does he mean? Is it dozens?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: Would the bank always give the option to a local authority rather than a vulture fund if making a decision on off-loading vacant properties?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: Does the bank foresee itself selling off the non-performing loans to vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: So it would not be residential properties. Mr. O'Keeffe spoke about his reality. Mine is that I attend the court sittings around the country and see the human casualties and the children being put out of their homes. We are already in the middle of a massive housing crisis. What is occurring with the banks and repossessions could further the crisis next year. AIB's having 569 houses in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: Reference was made to the continual communication with the Government. Has there been formal communication between the bank and the Government on changing the criteria for the mortgage-to-rent arrears so as to deal with this? The delegates say the criteria are too restrictive. Has there been formal communication with the Government that this needs to be changed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: When does Mr. O'Keeffe expect the review of the mortgage-to-rent scheme to be concluded?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: In the programme for Government, there are several commitments, one being on the establishment of a dedicated new court to expeditiously and sensitively handle mortgage arrears and other personal insolvency cases through imposing solutions, including those recommended by the new service. The hearings of this court will be held in private if requested by the debtor. What is the bank's view...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: Has Mr. Byrne ever seen the people standing in the wind, rain, snow and all kinds of inclement weather queuing up at the mobile units the bank has supplied throughout the country where there are closed branches? Does he know what this does to people? The units themselves can hardly be keptin situwith the wind and rain. Elderly and vulnerable people are queuing up to do their banking....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: Has he seen people queuing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: AIB closed down small branches and branches in rural Ireland. I cannot imagine that those branches, with two or three staff, were producing huge overheads to service communities. AIB closed them down. It was not offering a solution to people. AIB closed them down without consultation with the very people who propped up the banks. There are people in rural areas who are elderly and do not...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: If the bank was in a position again where it did not need to do that financially, would it look at the viability of the branches it closed down and reinstate them to serve the community that supported not only AIB but the other banks in a time of great need? In many cases, the private banking debt being nationalised led to these and other people losing their jobs.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: Has AIB done any of that research outside these mobile units when people are queuing up to access them?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: I cannot connect with what Mr. Mulhall is saying when I see the reality of moving a branch so that one's nearest branch of AIB is then 40 miles or 50 miles away. AIB used to be a community bank. I have experience of AIB in Britain and it was a community bank that engaged with its customers. It is removing itself further and further from that customer base. It is ignoring people in rural...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: If it was at the point of sell-off, does Mr. Byrne think it would be better to sell it off as a whole entity or in parts?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (24 Nov 2016)

Rose Conway Walsh: I thank the Minister of State for being here. It is hugely important to have an ongoing evaluation of this matter, even if we were to have short spaces allocated each month to review so that we can tick off the ones that have been completed. Has the Minister of State sought, or does he intend to seek, formally the legal position on the Single Market? I am afraid that the whole idea of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (24 Nov 2016)

Rose Conway Walsh: If the Minister of State obtains that legal advice perhaps he can let the committee have it also.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (24 Nov 2016)

Rose Conway Walsh: Perhaps the Minister of State could do so and then let us know.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (24 Nov 2016)

Rose Conway Walsh: It is hugely important. I am glad we all agree that the State can no longer be a neutral actor in all of this, given the dysfunction we have seen in the insurance market. While much of our rhetoric is aimed at the industry, most of our recommendations are about what others can do. The Minister of State's working group has the potential to put more radical suggestions on the table. Can he...

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