Results 561-580 of 1,760 for speaker:Aideen Hayden

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Aideen Hayden: From that perspective, they are offering identical products.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Aideen Hayden: In the opinion of witnesses, the regulation is adequate. For example, we have a code of conduct on mortgage arrears that protects the consumer. I want to establish whether what the companies are offering to the banking sector will not undermine that in any way and there will be a commonality of approach.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Aideen Hayden: I am afraid of running out of time so I will put two questions together. From an individual borrower's perspective, it seems the insurance company would make decisions in respect of the borrower and not the bank. That is in respect of the extent to which people are regarded as a risk. My second question relates to the help-to-buy scheme in the UK. There has been a very mixed reaction to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Central Bank (26 Nov 2014)

Aideen Hayden: To clarify, for example, in 2004 the National Economic and Social Council looked at the issue of affordability. It concluded people would pay more in renting than they would on a mortgage based on the affordability measures of the banks. By putting in place artificial limits on affordability for the sake of argument, prudence and so forth, they may not be valid in terms of what is genuinely...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Central Bank (26 Nov 2014)

Aideen Hayden: I am sure they will be delighted to hear that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Central Bank (26 Nov 2014)

Aideen Hayden: Nobody is denying we should not have a prudent banking system. Nobody is denying a prudent banking system will, over time, assist in preventing a boom and bust cycle. The question is around ensuring the provisions we put in place to ensure that prudence are based on accurate measures. Instead of looking at the position from 1998 onwards, I suggest to the Governor that he look backwards....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Central Bank (26 Nov 2014)

Aideen Hayden: I simply suggest the Governor should extend his methodology in this process.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Central Bank (26 Nov 2014)

Aideen Hayden: I thank Professor Honohan for attending the meeting. It is always nice to engage with him. I wish to follow up on his macro prudential policy for the residential real estate sector and the various issues he raised in that document. I realise it is a consultation process and that we are part of that process. One of my concerns is the impact, which was alluded to in one of the national...

Seanad: Order of Business (26 Nov 2014)

Aideen Hayden: In today’s edition of The Irish Timesthere are three reports on housing, all of which we would agree are pertinent. The first report, from the National Economic and Social Council, advises the Taoiseach that thousands of people will not be able to afford to buy their own homes. It is also reported that up to one third of people will need help with their housing needs. Effectively,...

Seanad: Order of Business (19 Nov 2014)

Aideen Hayden: It has been reported that at present, more than 200,000 cars in Ireland do not have a valid national car test, NCT, disc. While nobody would suggest for a minute that anyone should be driving a car that is not fit for purpose on the roads, one problem that has arisen on foot of the recession is many people leave until the last minute any expenditure they must undergo. This is fully...

Seanad: Order of Business (18 Nov 2014)

Aideen Hayden: I wish to add my voice to those who congratulated our colleague, Senator Katherine Zappone, on her ongoing work in Tallaght with An Cósan. I ask the Leader to arrange a debate at some point on second chance education. I would also like to say that as a Labour Party member I am proud of the dignified way in which Joan Burton handled herself on Saturday. There is nothing much more to say...

Joint Oireachtas Committee on European Union Affairs: Accountability Report 2013: European Movement Ireland (18 Nov 2014)

Aideen Hayden: First, I thank the witnesses for their report and I am glad that at its very outset they made the distinction between a quantitative analysis, of that which can be quantified, rather than a qualitative analysis. For example, I was struck by the high level of attendance at 93%. Did the witnesses ever track how many people went into a meeting and remained there for its entirety, as opposed to...

Joint Oireachtas Committee on European Union Affairs: Business of Joint Committee (18 Nov 2014)

Aideen Hayden: Is that Tuesday week or Tuesday?

Joint Oireachtas Committee on European Union Affairs: Business of Joint Committee (18 Nov 2014)

Aideen Hayden: Will we discuss it here?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Aideen Hayden: Having practised as a solicitor for a number of years, I am very conscious of how the mortgage market has changed. It changed from circumstances in which one had to save one's First Holy Communion money with a building society for approximately 40 years before one became eligible to apply for a loan, only to be turned down, to circumstances in which money was being thrown at people. My...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Aideen Hayden: This is a subject to which we will definitely return. The home ownership rate in Ireland has dropped by over 10%. We have moved from having one of the highest rates in Europe to one of the lowest. Not many people realise this. My second issue, on which I do not want to hog too much time, relates to buy-to-let arrears and particularly the issue of the appointment of rent receivers. It...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Aideen Hayden: It would be good to have clarity on that issue. The buy-to-let loan books of Allied Irish Banks and every other institution show the number of cases in which there are serious arrears and which involve court proceedings. There will be a lot of disruption in the market in the near future. There is at present, but it will get worse. Deputy Kieran O'Donnell asked a very interesting question...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Aideen Hayden: I was very interested in Mr. Duffy's comments on the Irish Mortgage Holders Organisation, IMHO, which does superb work. It is a model I would like to see rolled out across the entire banking sector and paid for by it. It would benefit the banks considering that all of us engage with distressed borrowers and distressed lenders such as Allied Irish Banks regularly. There is no doubt but that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Aideen Hayden: On behalf of the committee, I thank the delegates for attending and participating. I also thank them for the material they supplied to the committee.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Aideen Hayden: It was indicated in AIB's initial presentation that the bank had approved lending of approximately €9 billion in the first nine months of 2014 and that this marked an increase on the figure for the previous period. I am not clear on the proportion of the lending drawdowns of approximately €4 billion that is mortgage lending.