Results 641-660 of 4,810 for speaker:Liam Twomey
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)
Liam Twomey: The criterion is whether a customer is eligible for social housing.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)
Liam Twomey: The Deputy's time has concluded.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)
Liam Twomey: I propose that we adhere to the same rules as for our meetings with the other banks. This will ensure that everyone has an opportunity to ask questions so that we can have the best meeting possible. I propose that the lead speakers for each group will speak for ten minutes, followed by other committee members, who will have five minutes. Then, anyone else who wishes to ask a question will...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)
Liam Twomey: I welcome Mr. Jim Brown, chief executive of Ulster Bank, who is accompanied by Mr. Stephen Bell, chief risk officer, and Ms Ellvena Graham, head of business banking. Mr. Brown will make an opening statement. Questions from members were collated in advance of the meeting and these were submitted to Ulster Bank. I thank Mr. Brown and his staff for responding in writing to these questions....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: This debate has been going on for years. People talk about moral hazard and about equity and fairness, but what Permanent TSB seems to be doing should become the standard norm, so the committee will definitely push that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: Does Permanent TSB have to take all of this into consideration?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: It is easy for the committee to tell the witnesses to write off loans. It is not our responsibility. That is important. Permanent TSB has written to the Governor of the Central Bank about the new guidelines for mortgages.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: There are also issues around taking income into account. Is that right?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: Could the witnesses give us Permanent TSB's submission?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: I am only asking. The witnesses do not have to do that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: We are going to do a report on it ourselves. Permanent TSB is clearly a significant stakeholder and we are asking all significant stakeholders for their opinions. It is interesting that, as was mentioned, if people want to trade up that they can hold on to their tracker mortgage plus 1%. I presume that is only for Permanent TSB customers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: Permanent TSB does not plan on offering that to other banks' customers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: On behalf of the joint committee, I thank all the witnesses for participating in this meeting and for the material they have supplied to the committee. I thank them for two intense hours. I know it is intense, but I felt the witnesses were up to it, so we kept going rather than taking a break.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: I wish to follow up on the final point made by Deputy Spring. No other bank which has come before us in recent months has been writing off debt. The witnesses say at the end of the process after the house is sold and everything is closed it writes off the residual debt which is left over. Other banks are probably doing this, but none of them is stating it publicly as a policy. What is the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: I apologise for interrupting but I am quite curious about how the debt is written off. How long has the bank been doing this?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: Did the bank have discussions with the Central Bank on this issue? Is it purely an initiative of the bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: Including this issue?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: Five minutes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: The time is up, I am sorry. I let it run a little.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: The Deputy will have to come back to it.