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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Aodhán Ó Ríordáin: Does Mr. MacSharry think that the public who put their faith in him battling on their behalf will find that a bit strange?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Aodhán Ó Ríordáin: It was stated, almost as an achievement, that 80% of the mortgages are performing loans. Does Ms Hayes consider a loan that is in negative equity to be a performing loan, even if the mortgage is being repaid and there are no arrears?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Aodhán Ó Ríordáin: Most people would find that statement strange that the 80% of performing loans, includes the negative equity loans.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Aodhán Ó Ríordáin: That is the problem with statistics. Mr. MacSharry states that 80% of mortgages are performing loans. However, most ordinary members of the public who are looking to him to battle on their behalf would look at that statistic and wonder that the 80% contains mortgages in serious negative equity which can be repaid, but could hardly be described as performing. I can only imagine the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Aodhán Ó Ríordáin: In respect of those loans, I think there was a play on words or a misunderstanding of the phraseology when we discussed write-offs, write-downs and debt forgiveness. Most people want to know the absolute definition and how the witnesses define the difference between write-off and debt forgiveness.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Aodhán Ó Ríordáin: Is that the way the system worked or is it the way the system will work as a result of the current mortgage crisis?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Aodhán Ó Ríordáin: Have there been write-offs in the institution in which Mr. MacSharry is a public interest director?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Aodhán Ó Ríordáin: It is not necessarily a change in policy, it is just how things are done.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Aodhán Ó Ríordáin: So it is not a reaction to the current mortgage crisis?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Aodhán Ó Ríordáin: I would like both witnesses to respond to questions on the overarching policy. There has been no change in policy, effectively. There has been on an individual, case-by-case basis but there is no overarching change in policy as a result of the mortgage crisis.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Aodhán Ó Ríordáin: There is no overarching policy difference?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Aodhán Ó Ríordáin: I thank Mr. MacSharry and Ms Hayes for attending this meeting. I would first like to hear from Mr. MacSharry and Ms Hayes their understanding of the term "public interest directors".

Written Answers — Department of Finance: Universal Social Charge (18 Dec 2012)

Aodhán Ó Ríordáin: To ask the Minister for Finance if he will provide, in tabular form, the estimated income that would be generated for the State by raising the universal social charge by 3% on all taxable income above €70,000 and for each €5,000 increment thereafter up to and including €120,000; and if he will make a statement on the matter. [56911/12]

Written Answers — Department of Finance: Tax Code (18 Dec 2012)

Aodhán Ó Ríordáin: To ask the Minister for Finance if he will provide the estimated income that would be generated by placing a 1% levy on each unit of alcohol sold here; and if he will make a statement on the matter. [56912/12]

Written Answers — Department of Education and Skills: Student Assistance Fund (18 Dec 2012)

Aodhán Ó Ríordáin: To ask the Minister for Education and Skills if he will provide a breakdown of the way the student assistant fund was distributed across higher education institutions, in tabular form, for the most recent academic year for which figures are available; and if he will make a statement on the matter. [56914/12]

Written Answers — Department of Education and Skills: Student Assistance Fund (18 Dec 2012)

Aodhán Ó Ríordáin: To ask the Minister for Education and Skills if safeguards will be put in place to maintain the student assistant fund after 2013 when the funding from the European Social Fund under the Human Capital Investment Operational Programme ceases; and if he will make a statement on the matter. [56915/12]

Written Answers — Department of Children and Youth Affairs: Foreign Adoptions (18 Dec 2012)

Aodhán Ó Ríordáin: To ask the Minister for Children and Youth Affairs if she will provide an update in relation to the development of a new bilateral agreement with Russia on adoption; and if she will make a statement on the matter. [56308/12]

Joint Oireachtas Committee on the Implementation of the Good Friday Agreement: Youth Issues: Discussion (13 Dec 2012)

Aodhán Ó Ríordáin: I apologise for being a little late. Please feel free to interrupt if I ask a question that has been answered. I am stunned by the figure showing that 56% of those aged between 17 and 25 years in Northern Ireland are not registered to vote. I spoke to a trade unionist in Australia where voting is compulsory. While I have never advocated compulsory voting, it could be a long-term strategy...

Leaders' Questions (13 Dec 2012)

Aodhán Ó Ríordáin: What about Fianna Fáil's cut to the minimum wage?

Leaders' Questions (13 Dec 2012)

Aodhán Ó Ríordáin: Deputy Martin would know all about U-turns. His party has been practising them for years.

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