Results 4,461-4,480 of 32,432 for speaker:Paschal Donohoe
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Paschal Donohoe: It undoubtedly caused a very significant reaction to the bank that may over time impact on its reputation among its customers. I also hope that in the fullness of time, we will take into account that the decision was reversed. I think it is a key point as well that the decision was reversed. It did not go ahead. Colin Hunt, the chief executive of AIB, has been in here acknowledging the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Paschal Donohoe: That is why I have been very clear because I exactly anticipated the Deputy's line of questioning on the matter. It is a matter for the bank to cast its views regarding its reputation-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Paschal Donohoe: I am saying to the Deputy that the decision being reversed is material to me in assessing the impact it has had on the reputation of the bank.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Paschal Donohoe: I will read the rest of the section in the relationship framework document the Deputy has referred to. It states that "it is likely to create clear and significant reputational issues" - which is why I have been careful in my language regarding assessing the reputational impact of the decision - "for ... the Bank, the Minister or the State and it is outside of the ordinary course of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Paschal Donohoe: The Deputy knows that is the case.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Paschal Donohoe: I want to finish my answer to the Deputy's question. It is important that the committee is aware of the broader assessment that is there regarding the relationship framework and whether I have a role in it. Even though I am very glad the decision was reversed, it is clearly the case that a bank's assessment of whether a cash service should be made available in different branches is firmly...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Paschal Donohoe: There the Deputy goes again.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Paschal Donohoe: Deputy-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Paschal Donohoe: I will answer the Deputy's question but I want to note that he is busy using phrases alleging that I sat back - he carefully comes in to ask me questions about the reputation of the bank and what my assessment of it is - and trying to pin me down on what I knew and when and how I knew it. He is disappointed with the answers I gave him not only because they are the truth, as would be expected...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Paschal Donohoe: Yes, I did.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Paschal Donohoe: I acknowledged that this was a commercial decision made by the bank, which it was. The Deputy asked us all to imagine a moment in which he could be Minister for Finance. In imagining that moment, he would also be aware of the need to have an absolute line of separation between the Department and the commercial independence of the bank, which has to underpin much of the engagement that...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Paschal Donohoe: I do not have the Deputy's freedom of information request, and nor should I. I do not have the material that was released to him but phone conversations happened regarding the matter where, as I said, my Department respected the independence of the bank because we do and we must, but also made it clear to the bank in those conversations that it was fully aware of the reaction to this matter,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Paschal Donohoe: I do not know the answer to that because I do not know when the information the Deputy referred to was released back to my Department and came through. I do not know how that is sequenced with the conversations that happened.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Paschal Donohoe: We cannot do that. It was a commercial decision of the bank-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Paschal Donohoe: ----- which is why I have made very clear to the Deputy, and I will do so again, that a fundamental element of the relationship the State has with banks is that we have to respect their commercial independence. Two banks have already left our country. We hope the three banks we have will be sustainable and will meet the needs of our economy in the years to come. Any sense at all that I can...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Paschal Donohoe: Contact was happening across this period.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Paschal Donohoe: No.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Paschal Donohoe: I am sorry to disappoint the Deputy again because I have made clear to him that conversations were happening. I understand that Mr. Colin Hunt acknowledged this in his testimony to the committee. He made it clear that contact had happened.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Paschal Donohoe: That contact happened. The decision was reversed.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Paschal Donohoe: Whatever I did, or never do, it will never be enough for the Deputy. The key point is-----