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

Aideen Hayden: I was quite horrified to see that out of the bank’s buy-to-let loan book it is has appointed rent receivers to 1,618 of its 2,700 properties in arrears of more than 90 days. I chair a voluntary organisation that deals with people in the rental sector and I can assure Mr. Bell that rent receivers appointed to rental properties constitute a massive problem. This committee recommended,...

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

Aideen Hayden: The answer is "yes", the bank has no problem doing that.

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

Aideen Hayden: Why does Ulster Bank have very few split mortgages, which is in complete contrast to all the other lending institutions? What does the bank mean by economic concession?

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

Aideen Hayden: I thank the delegation. I want to express my disappointment at how late we received the bank's information. I received the replies to our questions yesterday evening. For the purposes of comparison, we received information from Bank of Ireland, Permanent TSB and AIB. It is very disappointing to be given documentation so late in the day because we want to engage meaningfully with this...

Seanad: Seanad Bill 2013: Committee Stage (12 Nov 2014)

Aideen Hayden: To respond to Senator Mooney's comments on the diaspora, the Joint Committee on European Affairs will publish its report on wider engagement with the diaspora at 11 a.m. tomorrow. One of the issues the committee considered is that Ireland has a very large diaspora. While we may wish to engage with members of the diaspora, serious issues arise in terms of how we could do so, particularly in...

Seanad: Seanad Bill 2013: Committee Stage (12 Nov 2014)

Aideen Hayden: It would be worthwhile to read the joint committee's report before considering further the issue of how we engage with the diaspora. The committee was asked to consider the issue in the context of wider engagement with communities from other parts of Europe.

Seanad: Seanad Bill 2013: Committee Stage (12 Nov 2014)

Aideen Hayden: I wish to raise a point of clarification. Senator Zappone proposed putting the question on a motion. To which motion is she referring?

Seanad: Seanad Bill 2013: Committee Stage (12 Nov 2014)

Aideen Hayden: Is she proposing to put the question or adjourn the debate?

Seanad: Seanad Bill 2013: Committee Stage (12 Nov 2014)

Aideen Hayden: Senator Norris might as well be whipped. He always votes against the Government anyway.

Seanad: Seanad Bill 2013: Committee Stage (12 Nov 2014)

Aideen Hayden: I agree wholeheartedly with the motivation behind Senator Zappone's Bill. On a number of occasions, I have said on the record that the Seanad referendum provided us with an opportunity to closely examine our political system and ask searching questions about what we believe our system of Government should be. As a member of the Constitutional Convention, as many other Members of this...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Aideen Hayden: I am sorry, but I do not know how much time I have.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Aideen Hayden: I have approximately four questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Aideen Hayden: An honest witness.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Aideen Hayden: That is in Permanent TSB's submission.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Aideen Hayden: The question was on whether Mr. Masding believed we were in or approaching a property bubble.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Aideen Hayden: My second question relates to a matter to which our committee will return, as we will engage in consultation with the Governor on these measures. Given the fact that they are predicated in part on a so-called property bubble that Permanent TSB does not accept exists, a position with which I agree, does Mr. Mitchell believe the proposal could damage a fragile recovery in the property sector?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Aideen Hayden: My next question relates to receiverships on Permanent TSB's buy-to-let mortgage loan book. The number of receivers is quite low at 454. However, the bank has more than 17,000 buy-to-let mortgages that are in arrears of more than 90 days. Given the number of those on which the bank is taking legal action, the level of receiverships will increase. The committee and the Private Residential...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Aideen Hayden: With a levy on the banking sector.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Aideen Hayden: The advice is more about levelling the playing field.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Aideen Hayden: What of the issue of receiverships?

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