Results 8,701-8,720 of 10,460 for speaker:Gerry Horkan
- Seanad: Budget 2018: Statements (10 Oct 2017)
Gerry Horkan: I know it is not. I did not know that beforehand.
- Seanad: Budget 2018: Statements (10 Oct 2017)
Gerry Horkan: The Minister of State should be allowed to respond.
- Seanad: Budget 2018: Statements (10 Oct 2017)
Gerry Horkan: The Minister of State has one minute left.
- Seanad: Budget 2018: Statements (10 Oct 2017)
Gerry Horkan: I am doing my best.
- Seanad: Budget 2018: Statements (10 Oct 2017)
Gerry Horkan: I know you are.
- Seanad: Budget 2018: Statements (10 Oct 2017)
Gerry Horkan: I am giving the Minister of State plenty of discretion.
- Seanad: Budget 2018: Statements (10 Oct 2017)
Gerry Horkan: The Minister of State was allocated six minutes, which was probably a bit too short, but he had 16 minutes so I thank him for his response. It was certainly a lot more time than he was allocated. When is it proposed to sit again?
- Seanad: Budget 2018: Statements (10 Oct 2017)
Gerry Horkan: Is that agreed? Agreed.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: I will pick up on Senator O'Donnell's point about West Register (Republic of Ireland) Limited. I have a set of accounts before me. In section 9 of the notes to the financial statement, directors and secretaries interest in shares, and they are the directors and secretaries of the RBS group, Mr. Blair is listed as a director of RBS. It is either the group but presumably, if it is the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: If Mr. Blair would come back to us on that we would appreciate it. I am referring to an extract that I was given, as was Senator O'Donnell, in which Mr. Blair is listed, presumably as a director of the RBS group. If it is referred to in the note of the West Register accounts, it looks as though Mr. Blair must have been a director. I am not saying that he was or was not but he might come...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: Maybe it was West Register, but we would like him to clarify this. There might be a contention that certain performance targets were met or otherwise, that Mr. Blair's own remuneration would be enhanced by certain behaviour one way or the other. I am aware that it is not unusual in the banking industry but it is something that we could clarify.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: I do not want to go over old ground. I was here for almost all of the contributions and the opening statement. I have gone through the bank's questionnaire and listened to most of the other members' contributions. There are 200 staff working on the tracker issue and only 40 cases have been mediated. I accept that if I ask questions about the 40 it is with regard to approximately 1% so it...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: Undoing the damage, but the compensation is in addition to that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: I presume within the compensation is a time value of money and all of the opportunity costs and everything else.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: It does not take into account the significant rise in the value of the property, in that somebody who had a certain amount of money in 2012 would have been able to buy a much better property with the same money than they could buy in 2017.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: That is not part of the compensation.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: But the bank is not giving them anything and acknowledging if they had been remediated five years ago they could have taken an amount of money and put it towards a property that would have been much better value then than it has now.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: And the bank's deposit rates presumably are no different from those of everybody else, at almost nil.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: Can we have an approximate scale? Were people getting €60,000 back and other people getting €600 back? Where is the upper end and the lower end of the issue?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)
Gerry Horkan: Would it be fair to say that if there is a provision of €200 million, which I presume includes a level of cost and staffing and so on-----