Results 5,941-5,960 of 26,711 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: I call Deputy Pearse Doherty.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: I want to clarify some comments from Mr. Masding's opening statement. The last time he was here we discussed the make up of Glenbeigh. Without complicating it too much, will Mr. Masding run through that with me again? PTSB sold the mortgages to Glenbeigh. Is that correct? Mr. Masding gave us a diagram at the time but I am struggling to understand this.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Is that Glenbeigh?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: What were the other layers after Glenbeigh? The diagram that Mr. Masding supplied shows PTSB, Glenbeigh and one or two other entities before getting to the market. What were they?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Will Mr. Dolan explain what they are?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Who are the directors of Glenbeigh? Mr. Dolan need not name them but who are they? Are there just two? Are they from the bank or outside it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: They are independent of the bank in terms of Glenbeigh and the trustee comes in then. Is that right?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: The trustee comes on top of Glenbeigh.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Is that trustee independent of the bank too?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: What happens after the trustee? The notes are sold on the money market.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Who sells those? Is it Glenbeigh or the trustee, who is the referee?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: All of the paper from PTSB, which makes up the numbers in terms of the value of the mortgages, goes on to Citibank, which then sells it on the money market.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: At any one time, there could be any number of people owning these notes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: From what entity is the payment made to PTSB? Is it made from Glenbeigh to PTSB directly?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: It goes back to PTSB.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: After the paper is transferred from PTSB to Glenbeigh-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: PTSB does not get paid until the notes arrive on the money market and the flow then goes back to PTSB. Is it a single payment?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Glenbeigh ends up with a payment from the money market.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Glenbeigh then pays Permanent TSB.