Results 3,821-3,840 of 16,580 for speaker:Peadar Tóibín

Written Answers — Department of Education and Skills: School Curriculum (2 Mar 2023)

Peadar Tóibín: 245. To ask the Minister for Education and Skills if the new NCCA curriculum for the junior cycle indicates clearly to children the link between children consuming pornography and sexual violence and rape; if the new NCCA curriculum for the junior cycle will indicate the link between children consuming pornography and distorted understandings of healthy relationships, pornography addiction,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: Míle buíochas leis na finnéithe as teacht anseo agus as a gcur i láthair. Debt is probably one of the toughest things that a person can ever deal with. It is a disaster. It can lead people into depression and worse. It can radically alter a person's family circumstances and how their family lives. I have dealt with around 400 families in debt distress over the years...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: To what period of time does the 1,900 figure relate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: Mr. O'Keeffe mentioned that AIB has a number of mechanisms for checking the validity of each of the write-downs, one of which is the board, which has a look at some of them. There is a public interest director on the board. Would he or she be made aware of the size of some of these write-downs?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: I am informed that there are three layers of checks in respect of each of these write-downs. I understand there is a board. I also understand that public interest directors are nominated by the Department of Finance. I am trying to work out if that information goes back to the Department of Finance. Does the Minister know about write-downs of this size? What is the influence of the board...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: The board would not know about the individual cases.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: I will move on to the credit risk function, which is a particular function that checks these write-downs. Is there a threshold that is reached when information is passed to the risk function? Do those staff members take a percentage or a random sample? How do they work out what to check? How many write-downs are refused? In how many cases do those with a credit risk function say the bank...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: No audit is done afterwards.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: Is there any information about how many of those audits turn out negative? As in, where a decision is made and it is considered the wrong decision.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: I appreciate that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: Does the bank collate any socioeconomic data on the individuals who get write-downs? Has the bank any mechanism to be able to analyse if there are patterns in respect of people who get high levels of write-down and people who get no write-down or who are squeezed for the last cent owing according to their contracts? Is any analysis done afterwards to see are there any patterns? We are all...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: I mentioned the socioeconomic data of the borrower in that scenario. Are those data collected?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: I am, as well as their profession and income.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: There is an element of that. There is no doubt in my mind that these transactions are carried out by human beings. These write-downs are delivered by human beings and we are all susceptible to different elements of individuals who stand before us. If a person has celebrity, political power or great influence in the community, those things can have an influence. I am trying to work out if...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: Could Mr. O'Keeffe break down the 1,900 customers who received the significant 90% write-downs? How many were developers? How many were builders? How many were businesspeople? How many were farmers? How many were ordinary people who bought a couple of houses that were overpriced?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: Could the committee get such a breakdown?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: I imagine it is skewed towards developers and people in that scenario, rather than Joe Soaps who have bought two or three properties.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Peadar Tóibín: Many people's mortgages were shifted to vulture funds or investment funds. Many of them are now paying exorbitant interest rates of 7%, which will shortly rise to 7.5%. Such interest rates can add up to €5,000 more to the annual repayments relating to a mortgage than would have been the case with those people's original banks. In banking in general, why would some people be shifted...