Results 3,801-3,820 of 4,928 for speaker:Peter Mathews
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Peter Mathews: I know, but given the bank expanded its -----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Peter Mathews: The margins on those loans are probably very slim.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Peter Mathews: People are in a dire position. I would like to echo the sentiments expressed by Deputy Higgins. It is time to look long and hard into the worthiness or unworthiness of the behaviour of the institutions over the past number of years. There is time to do some rehabilitation as well as restructuring. It is not all about numbers; it is about people's lives, families and businesses. Private...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Peter Mathews: It was a blended requirement.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: Banks have PPI, payment protection insurance.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: On mortgage protection, if a premium fails to be paid by the borrower, is it an obligation for the bank or financial institution to pay it to keep the policy alive?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: Normally a mortgage protection policy is assigned to the bank, or it is in the joint names of the borrower and the bank, so that if the borrower fails to pay the premium the policy will lapse. Therefore, the insurance company notifies the bank that the premium has not been paid and normally the bank should step in to do so. Is it legally obliged to step in to keep premiums going?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: Yes - mortgage protection.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: I am talking about mortgage protection life cover.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: I wish to raise three matters. In order that there will be no misunderstanding, when I refer to restructuring of AIB's client loans - mortgage loans, buy-to-let loans and SME loans - I mean including a write-down in order that the loans will be recalibrated to reflect what the current, reasonable and maintainable profits of the borrower can bear. Otherwise, our guests will only be fooling...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: Do the staff in the NAMA divisions know the price at which individual loans were sold to NAMA?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: Yes, but do the staff involved know the prices of the individual loans?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: Would such information relate to the gross amount of loans and the net purchase price?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: I think the delegates will be able to say, "Yes, we have taken all of these points on board and will reflect on them."
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: This is very serious because we are talking about millions of euro.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: Perhaps the Chairman finds it hard to understand big picture financial engineering, but this is important because if it works, the bank can pass on the value of all the write-downs and the cost of creditor capitalisation to customers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: It is not my view; it is a fact.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: I will make one final point on restructuring and loan rehabilitation on the books of AIB, the IBRC and NAMA. AIB is doing a lot of work for NAMA and I am wondering if there are conflicts or competition issues. Are staff leaving AIB to join the staff of potential buyers and investors of AIB's or NAMA's portfolio of loans? AIB staff know what the provisions on the different loan cases are,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: I asked about the other assets of €50 billion on the balance sheet and the €53 billion in creditor funding.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Peter Mathews: Is it the case that the NAMA bonds pay as little as 0.6%?