Results 4,041-4,060 of 4,928 for speaker:Peter Mathews

Written Answers — Department of Social Protection: Social Welfare Appeals Status (25 Sep 2012)

Peter Mathews: To ask the Minister for Social Protection if her attention has been drawn to the fact that a person (details supplied) in Dublin 16 is waiting six months on a social welfare appeal; if she will ensure that they receive a decision shortly; and if she will make a statement on the matter. [40151/12]

Written Answers — Department of Transport, Tourism and Sport: Driving Licence Renewals (25 Sep 2012)

Peter Mathews: To ask the Minister for Transport, Tourism and Sport if it is necessary when renewing your driving licence to provide an eye sight certificate if you continue to wear corrective lenses that is wore corrective lenses on previous driving licences; and if he will make a statement on the matter. [40653/12]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: That is the best remark of the day.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: Ms Gilleece mentioned the separation between the board and the manager of a credit union. Perhaps I am getting confused but is it correct that the treasurer is elected from the board, and the treasurer is de facto the managing director? Is there not a connection? It seems the board and the general manager are not separated.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: The manager is different from the treasurer.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: Is that a good arrangement in the experience of the witness?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: The dormant accounts, as described in earlier sessions, relate to where there is no activity on behalf of the share member or account holder for 15 years. Once defined as such, it could be hoovered up under the legislation. Like the witness, I agree that these accounts are like an insurance or the same type of process of families having prize bonds. It is their money and just because a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: That should be expressly clarified.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: It is a credit line.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: Are holiday loans provident or productive?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: The Deputy can ask it in Irish.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: I thank the witnesses for their contributions. I did not understand the reference to tax expenditure. What is it? The definition of a dormant account is that there has been no customer-originated activity for 15 years. That means one could have an interest roll-up for 15 years because it would not require the customer to intervene. People hold prize bonds for 20 years and 25 years but...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: I apologise for being late. I arrived during a very interesting part of Ms Motherway's presentation when she was referring to solvency, the spread, stickiness and depth of the deposit, etc. The credit union movement began as a mutual savings framework for, effectively, lending on an unsecured basis. In those early days, the banks tended to be the province of wealthy people and businesses....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: His word.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: Stockbrokers once did that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: There is a chasm between the two.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: I know.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: People do business with certain other individuals because they like them and not because of price.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: With €90 million of loan assets, and 25,000 customers, the average loan size is €3,600. If a flexi-loan or line of credit was put in place, it would need to be reviewed on a six monthly or yearly basis. It would also need to be controlled to the extent that only customers with proven track records of repayment could avail of it. Otherwise the situation could arise through...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Peter Mathews: It is a number of years since I was involved in auditing myself - carrying out the work of auditing rather than auditing myself.