Results 7,161-7,180 of 36,188 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: Just to help the Minister, I am not suggesting that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: That was meant for-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: I am not disputing that. That is what I was trying to get to in the first instance.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: No, it is not but let me make the point-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: I am not trying to do that. With respect, the Minister should let me ask the question. The question I asked the Minister in the first instance was whether his official was made aware of this plan before the board meeting and, if so, whether it is the case that he or she did not inform the Minister of it. If I were in the Minister's position as Minister for Finance, and I discovered that an...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: Does the Minister believe that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: The Government's junior Ministers have been on the radio saying that this has caused reputational issues for the bank. Does the Minister for Finance believe that proceeding with that move caused reputational issues for the bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: I am sure the Minister knows the reason I am asking him this question. The issue of reputational impact to the bank is a significant one, is it not? If the Minister believed it would have a reputational impact on the bank, it is significant. Is that not the case? The junior Ministers are right that it caused reputational damage to the bank. The Taoiseach called on the bank to reverse the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: No, it is not.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: It is not for the bank to decide. The relationship framework is between the State and the bank. It is for both parties. The relationship framework is very clear. A matter is material, and therefore triggers the Minister's involvement, if "it is likely to create clear and significant reputational issues for ... the Bank". This decision caused such issues. The Minister could and should...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: Let me-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: I would expect nothing less from the Minister than for him to make that comment. If I got notification that a branch was withdrawing cash services from approximately a third of its footprint in the State, 70 branches, I would say to the bank that it is not within the ordinary course of business to withdraw the cash services of a bank across vast areas throughout the State. Is the Minister...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: I want to know. He could have been on the phone-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: -----on the hour every hour.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: Did the Minister instruct his Department to contact him?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: What did the Minister instruct his Department to relay to the bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: Okay. I have those documents. I have that correspondence through freedom of information requests. Was that a different conversation from the correspondence I have, which is basically an email to the bank that states the Department is starting to get some - I am paraphrasing - issues being raised by the public, and the bank then giving the Department speaking notes to answer that, including...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: That was basically when the bank gave the Department the briefing points to address some of the public anger.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: Was there any time that the Department asked the bank to reconsider its position?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)
Pearse Doherty: Okay.