Results 5,801-5,820 of 36,116 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)
Pearse Doherty: Okay, but there are some above the €10,000 figure?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)
Pearse Doherty: Okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)
Pearse Doherty: The Dormant Accounts Fund. However, these funds will go into a different trustee.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)
Pearse Doherty: They will go into the Dormant Accounts Fund because they become dormant.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)
Pearse Doherty: There are a number of accounts into which social welfare payments are paid. The witnesses have said 5,500 accounts are open into which the Department of Social Protection is making payments currently. They are not being closed and they have not been frozen, which I welcome, but the bank has stated that it cannot continue with this position. Can Ms Howard outline the bank's position? Where...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)
Pearse Doherty: Is there going to be no freezing of these accounts at this point in time?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)
Pearse Doherty: Okay. That is welcome. The bank will be aware of the implications of the Assisted Decision-making (Capacity) (Amendment) Act 2022, which is causing serious problems right across the banks and terrible problems for parents, by the way. There is no guidance for parents of vulnerable children or adults who have bank accounts and who lack capacity. I understand there is a bit of an extension...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)
Pearse Doherty: I am sorry; the bank will eventually close the accounts. They are not being frozen straight away.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)
Pearse Doherty: As I said, it is a wider issue in that people simply do not know what steps and the process they have to go through to be able to operate the account on behalf of another person.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)
Pearse Doherty: A total of 20,000 personal accounts remain open, active and are past the six-month notice period. The witnesses said that the bank will start freezing these accounts.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)
Pearse Doherty: The bank has 6,500 customers with overdrafts, some above €1,000 and some below €1,000. Ulster Bank is suggesting that those customers go to another bank, get an overdraft and pay back Ulster Bank with the overdraft from the other bank. Are there any arrangements with the other banks? For example, does Ulster Bank have an arrangement with AIB and Bank of Ireland regarding an...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)
Pearse Doherty: Yes, I am talking about personal customers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)
Pearse Doherty: Has Ulster Bank had to do that yet?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)
Pearse Doherty: Has Ulster Bank procedures in place to do that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)
Pearse Doherty: Okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)
Pearse Doherty: I just want to go into a matter that others may pick up. There are people not engaging who have overdrafts.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)
Pearse Doherty: What is the approach to that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)
Pearse Doherty: I will raise the issue of tracker mortgages. Ms Howard made an interesting comment on the restructuring of non-performing loans, NPLs, namely, that there has been a reduction of 25%. Is that in line with previous quarters or years? Has the focus on Ulster Bank withdrawing from the market allowed it to cut better deals or different structures in respect of those loans? Are there lessons...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Ulster Bank and KBC Bank Ireland (1 Feb 2023)
Pearse Doherty: I would like KBC to answer that as well. If the representatives do not have the information to hand, they can give it to the committee later.