Results 621-640 of 4,002 for speaker:Rose Conway Walsh
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)
Rose Conway Walsh: I am asking this question in the context of continuing efforts to deprive Irish citizens of what I calculate to be hundreds of millions of euro over the 18 or 19 years during which AIB will have deferred tax arrangements in place and will not pay tax. The opportunity cost of that and the purposes for which these hundreds of millions of euro could be used are of real concern to people who...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)
Rose Conway Walsh: How much tax did AIB pay on the €100 million profit it made in the UK?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)
Rose Conway Walsh: The bank paid €19 million on €100 million profit and it paid €25 million here on €1.25 billion of profit. Those figures speak for themselves in terms of the injustice the Government is perpetrating on Irish citizens in depriving them of hundreds of millions of euro that could be spent on badly needed infrastructure. There is a great focus on the cost of the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)
Rose Conway Walsh: I know.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)
Rose Conway Walsh: I understand that but we live in a republic where we are told we cannot have respite services for children with disabilities, we cannot build the infrastructure that is needed and we do not have even minute amounts of money to give to the most vulnerable in our society. In those circumstances, people can see the gross injustice that is being facilitated by the Government. On the issue of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)
Rose Conway Walsh: Where was the certainty referred to in the AIB contract?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)
Rose Conway Walsh: I still do not get it. Where was the certainty referred to in the contract that obviously gives an entitlement to a tracker mortgage? The entitlement to a tracker rate has been ruled on so that is fine.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)
Rose Conway Walsh: It should have been a tracker mortgage.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)
Rose Conway Walsh: No. It should have been a tracker mortgage because the customer was entitled to a tracker mortgage. All that is in dispute is the prevailing rate.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)
Rose Conway Walsh: The customer was entitled to a tracker mortgage, as has been established.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)
Rose Conway Walsh: How many legal cases does AIB have in the system at the moment regarding the prevailing rate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)
Rose Conway Walsh: How many are specifically related to the prevailing rate and the issue we are talking about?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)
Rose Conway Walsh: When does Ms Dooley expect the first one of those cases to be concluded or near concluded? At what stage are they?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)
Rose Conway Walsh: That should establish what will happen. I feel with great certainty that the outcome of that may not be what AIB thinks it will be. What were the words AIB used instead of breach of contract?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)
Rose Conway Walsh: I know why AIB is using the term "service failure". According to contract law, commercial common sense cannot be applied retrospectively but it is a breach of contract when it is outlined explicitly in the contract.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)
Rose Conway Walsh: We will agree to disagree.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)
Rose Conway Walsh: That will be established in the courts. I hope AIB has made provision for that out of the €1.25 billion in profit it made last year. Is it true that AIB's independent redress panel is rejecting all cases where an appeal is based on the issue of prevailing rates?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)
Rose Conway Walsh: On what basis were they rejected?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)
Rose Conway Walsh: Will Mr. Kinsella remind me of who the members of the independent redress panel are?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)
Rose Conway Walsh: As such, there is no AIB representative on the redress panel.