Results 5,621-5,640 of 16,219 for speaker:Peadar Tóibín

Written Answers — Department of Agriculture, Food and the Marine: Fishing Industry (1 Dec 2021)

Peadar Tóibín: 212. To ask the Minister for Agriculture, Food and the Marine the amount of fish caught in Irish waters from 2016 to 2021 by species of fish and by the nationality of fishing trawlers in tabular form. [59179/21]

Written Answers — Department of Agriculture, Food and the Marine: Agriculture Industry (1 Dec 2021)

Peadar Tóibín: 213. To ask the Minister for Agriculture, Food and the Marine the value of cross-Border agriculture trade in 2020 and 2021; and the measures being considered to boost cross-Border agricultural trade both to and from the North of Ireland. [59180/21]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with KBC (1 Dec 2021)

Peadar Tóibín: Go raibh míle maith agat Mr. Blažek agus mile buíochas as an gcur i láthair. It has been an interesting discussion. I would like to zero in on the Irish banking market. As Mr. Blažek knows, the Irish banking market is in crisis at present. The fact that Ulster Bank and KBC are leaving means there is more concentration happening within the pillar banks. More...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with KBC (1 Dec 2021)

Peadar Tóibín: The Department of Finance has never sat down and asked why KBC is leaving Ireland.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with KBC (1 Dec 2021)

Peadar Tóibín: The phrase, "we have communicated" is very broad. I am looking to nail down some specifics here. KBC has communicated with officials in the Department of Finance as to the exact reasons the Irish market is no longer attractive to it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with KBC (1 Dec 2021)

Peadar Tóibín: KBC is in quite an interesting position. While Ireland is suffering from a banking crisis at present, KBC is in a good place to give detailed analysis as to why we are having a banking crisis. Elements of the Irish market are so unsatisfactory that it does not make sense to KBC to function here. I would like to dig down into that if I can. Mr. Blažek mentioned competition, which was...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with KBC (1 Dec 2021)

Peadar Tóibín: I am coming from the perspective that the market is shrinking significantly in the State. We have higher interest rates than other European countries. Banks are closing in regional towns. There are obviously online elements and the market is shifting to a certain extent but there is enormous supplier power. Anyone who studies economics will say that if there are two or three really large...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with KBC (1 Dec 2021)

Peadar Tóibín: I apologise for interrupting. In Ireland, the system after the last banking crash was built as a two-pillar banking system. In many ways, creating those two pillars to be so dominant in the market has led to a difficulty in competition for the smaller banks and new entrants to the market will have the same difficulties as KBC has had. Is that not right?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with KBC (1 Dec 2021)

Peadar Tóibín: Can I ask Mr. Blažek then-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with KBC (1 Dec 2021)

Peadar Tóibín: The size of the market and the capital requirements are two aspects of the Irish market that are different to the other markets that KBC is successfully functioning in. Is there anything else different about the Irish market that adds to KBC's decision to withdraw from the Irish market?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with KBC (1 Dec 2021)

Peadar Tóibín: I appreciate that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with KBC (1 Dec 2021)

Peadar Tóibín: I understand that and unfortunately regulation itself can be pro-cyclical. I am a big fan of regulation. Ireland was shockingly deregulated before the last crash, which significantly contributed to that crash. Sometimes there is a regulation lag and it can come too late and therefore have a pro-cyclical effect, which further depresses the market. I understand KBC’s need to speak...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with KBC (1 Dec 2021)

Peadar Tóibín: Would Mr. D’Arcy be able to quantify the level of forbearance in proportion to the business loan element that was necessary?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with KBC (1 Dec 2021)

Peadar Tóibín: Non-performing loans are being sold and they are not being sold to Bank of Ireland but elsewhere. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with KBC (1 Dec 2021)

Peadar Tóibín: They are being sold at a discount. Is that discount commercially sensitive or are we allowed to know what it is?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with KBC (1 Dec 2021)

Peadar Tóibín: I know of businesses, farms and family homes etc. that went into mortgage distress or difficulty with their loans. They made pitches to their banks that they would be able to meet 80% of the debt they had and banks have said “No” to them. At the same time banks have sold on loans at discounts of 40% and 50% to vulture funds or third-party financial institutions. I always...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with KBC (1 Dec 2021)

Peadar Tóibín: I thank the witnesses for their presentations. I appreciate it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with KBC (1 Dec 2021)

Peadar Tóibín: Has Mr. Blažek ever met the Minister or the Department to discuss what is wrong with the banking market?

An tOrd Gnó - Order of Business (30 Nov 2021)

Peadar Tóibín: On one hand, the Government is calling on parents to reduce children's social and human interaction and, on the other hand, it has refused to provide for timely PCR tests, free antigen tests or any contact tracing at all in the childcare and early learning sectors. Staff are currently waiting for five days for PCR tests, which is leading to wholesale absences in that sector. They are still...

An tOrd Gnó - Order of Business (30 Nov 2021)

Peadar Tóibín: I ask the Minister, Deputy O'Gorman, to meet-----