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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)

Rose Conway Walsh: Does this mean that more of the 13,000 family homes could be sold off to vulture funds?

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)

Rose Conway Walsh: Indulge me.

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)

Rose Conway Walsh: Is it the bank's aim to get down to 3.5%?

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)

Rose Conway Walsh: Is it the bank's aim to get down to 3.5%?

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)

Rose Conway Walsh: Lower.

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)

Rose Conway Walsh: There is no advantage to customers in engaging with the bank and taking out a split mortgage as they will still end up in the same pile of non-performing loans.

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)

Rose Conway Walsh: Has the bank made provision for legal challenges to the prevailing rate?

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)

Rose Conway Walsh: The bank is protected because the Central Bank has approved it. Do our guests believe that any future legal obligations will fall on the Central Bank, rather than Permanent TSB?

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)

Rose Conway Walsh: Permanent TSB designed the process and the Central Bank signed off on 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)

Rose Conway Walsh: Does it not give Permanent TSB legal protection when the Central Bank approves the methodology it is using?

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)

Rose Conway Walsh: Were there to be legal action, it is the board of management that would be liable-----

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)

Rose Conway Walsh: -----rather than any other body.

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)

Rose Conway Walsh: Yes. Unfortunately it all ends up with the taxpayers.

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)

Rose Conway Walsh: We know. The Explore account has a €4 monthly fee but there is 10 cent in cash back when one uses the debit card. How many customers end up paying no fee at all? How many receive the maximum €5 cash back? This is a €1 gain after the monthly fee. Are all customers entitled to an Explore account?

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)

Rose Conway Walsh: Recent reports show that property inflation in Dublin is the highest in the world. Does that concern the bank or does it suggest that we are near to overheating and about to go through the same thing all over again?

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)

Rose Conway Walsh: Is Mr. Masding concerned that the mortgages the bank has sold off are in danger of being flipped over in the short term, because we are at peak 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)

Rose Conway Walsh: Does Mr. Masding care? He talks a lot of the time about his responsibility to the taxpayers, citizens, etc., but his actions suggest otherwise.

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)

Rose Conway Walsh: The bank has sold off many non-performing loans and others are in the pipeline to be sold. There still seems to be a ruthlessness in how the bank deals with the homeowner. I have personal experience of the utter ruthlessness of the nature of the behaviour between the consumer and the bank.

Seanad: An tOrd Gnó - Order of Business (4 Apr 2019)

Rose Conway Walsh: That is no problem. I am attending the meeting of the Oireachtas Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach this morning. We have discussed insurance in this House many times. Linda Murray is the owner of Huckleberry's Den play centre in Navan. She has told us that she cannot get insurance. She has 25 days left before she will have to close her centre or the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Small and Medium Businesses: Discussion (4 Apr 2019)

Rose Conway Walsh: I thank our guests, particularly Ms Murray, for sharing their experiences with us. What has been said brings home to us the fact that we have a complete market failure in insurance. We have had report after report, including substantial reports on which this committee worked, but it has not improved and we do not have the transparency we need. I was looking at the eighth progress update...

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