Results 9,281-9,300 of 35,567 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)
Pearse Doherty: Is that possible? I thought I had indicated.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)
Pearse Doherty: I thank the witnesses for coming before the committee. I am conscious that this is the first time the bank has appeared before the committee since the fine was handed down by the Central Bank and sanctions were imposed. I will start with a line of questioning in that regard. I wish to ask Mr. Crowley whether the Garda has been in contact with the bank regarding the tracker mortgage...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)
Pearse Doherty: Mr. Crowley is aware that the Central Bank responded to questioning by me on whether it had files on suspected criminal activity regarding the investigation, and the director general for financial conduct confirmed it had those files. Can Mr. Crowley assure the committee that, to his knowledge, the files do not relate a State-owned bank, namely PTSB?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)
Pearse Doherty: Okay. I appreciate that. I am trying to ascertain Mr. Crowley's knowledge at this point in time.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)
Pearse Doherty: The FSPO upheld 18 complaints against PTSB last year. There are also 1,200 outstanding mortgage complaints with the ombudsman across the banking sector. Can Mr. Crowley take the time to outline to this committee the current position of PTSB regarding the tracker mortgage examination? I ask him to refer specifically the number of tracker customers and tracker mortgage accounts impacted by...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)
Pearse Doherty: Mr. Crowley is aware the FSPO made a preliminary ruling on the issue of prevailing rates. This is something many committee members have been dealing with in different banks over a long period of time. This ruling resulted in one bank doubling its provisions for redress and compensation. Will Mr. Crowley clarify whether the ruling affected Permanent TSB customers? Of the 200 cases before...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)
Pearse Doherty: There is much I could say. Knowing the impact the bank had on those families and the financial situation, not only those who lost their homes but those who were burdened by the threat of repossession and the overcharging the bank was involved in, which I have described as theft in the past and will continue to do so, I am sure that when they hear commentary such as "misdemeanours" it will be...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)
Pearse Doherty: On that, and while it is subject to negotiation, Mr. Crowley is aware of the level of capital that is held within the bank. Can he inform the committee what size of loan book could potentially be acquired from any third party without acquiring additional capital, either from the markets or the State?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)
Pearse Doherty: I wish Mr. Crowley every success in the negotiations. It is important that we have a third force in banking and that we are not left with a duopoly. I thank Mr. Crowley for those answers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)
Pearse Doherty: I have three questions I wish to touch on briefly, with one picking up on a point made by the Chairperson. On the Central Bank's lending rules, there is flexibility in the loan-to-income limits. We understand that banks have withdrawn the flexibility of moving 20% above the thresholds. Is PTSB still operating under the guidance of the Central Bank? Is it still facilitating customers who...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)
Pearse Doherty: When Mr. Crowley says that PTSB is out of exemptions, is this because it has used them all up or has it decided to withdraw from using the exemptions?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)
Pearse Doherty: That is fair enough. On the question the Chairperson asked - Mr. Crowley responded to it - about the platform that the Irish Banking and Payments Federation is looking at, which has already been struck down because of competition laws, I do not understand why PTSB and other banks are designing this new platform between the banks here when there is a European platform that the banks could opt...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)
Pearse Doherty: Like what?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)
Pearse Doherty: On that point - this is new to me - Mr. Farrell referred to "person-to-person payments", "person-to-merchant payments" and "split bills". SEPA instant, the European system which all banks can opt into, allows for person-to-person payments. Does the European SEPA instant system allow for person-to-merchant payments?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)
Pearse Doherty: PTSB's one does not even exist. It is just a theory, at the minute, that was struck down by the competition authority. Can Mr. Farrell explain the differences between what PTSB and other banks are planning and the European system. Do not tell me that it can do person-to-person payments, because that already exists in Europe, which all banks in Europe can opt into. It allows money to be...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)
Pearse Doherty: That is as opposed to opting into the European system and not developing their own system. PTSB and the other banks do not have to develop their own system, they can operate under the European system.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)
Pearse Doherty: I still have not been told what the differences are. What is the additional service that PTSB and other banks plan to provide that is not available through SEPA instant?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Permanent TSB (23 Jun 2021)
Pearse Doherty: SEPA instant does provide for that.