Results 1,021-1,040 of 1,974 for speaker:Arthur Spring
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Arthur Spring: Mr. O'Sullivan has just admitted that the bank is not doing that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Arthur Spring: I will go further. The people with whom I have met have not been provided with ample information on how they can negotiate with the banks. Thus far, there have not been personal insolvency practitioners in place to assist them in this regard. Am I correct that Permanent TSB has received €4 billion by way of capitalisation funding from the State?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Arthur Spring: There has been a write-down of approximately €11 million. Mr. Masding has stated Permanent TSB does not have in place a figure for provisions. How does the bank deal with its balance sheet if it does not know the amount of its contingent liability? Mr. Masding said when responding earlier to another speaker that he believed the bank should be an institution that could survive....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Arthur Spring: What is the figure for provisions?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Arthur Spring: What is the level of provisions? We have different priorities. I do not wish to be disrespectful, but our focus is on customers. I accept that the priority for the delegates must be the bank. What level of provision has the bank identified at this point in respect of a debt write-down?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Arthur Spring: We are running out of time.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Arthur Spring: And taxpayers, I agree.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Arthur Spring: What is the figure?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Arthur Spring: There must be a provision figure?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Arthur Spring: It is. Everybody in the room heard me ask the question several times. I apologise to the Chairman for going over time, but this is not fair. Has money been set aside and, if not, why are we recapitalising the banks?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Arthur Spring: I thank Mr. Groarke. They are two fantastic figures, although we had a struggle to get them. Some people have been advised that their interest-only repayments on loans can be pushed out further. However, they have not been made aware that the Irish Credit Bureau has subsequently made PTSB aware that this will result in their having an M rating, which means that they may not be able to...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Arthur Spring: Will PTSB ensure customers who engage in the resolution process will not receive an M rating from the ICB which would prevent them from accessing future credit?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Arthur Spring: I apologise if I appear forceful, but this is an issue which confronts all of us daily in our offices. People are under real pressure.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Arthur Spring: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Arthur Spring: Mr. Masding alluded to the fact that his primary responsibility is to the bank and not to the customers. On Monday, the Personal Insolvency Act will come into force for customers. How will that change the relationship Permanent TSB has with its customers, particularly when one considers what the bank has done to date with customers to resolve their issues?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Arthur Spring: We understand that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)
Arthur Spring: I have met a number of people who have gone to Permanent TSB branches and have not been made aware of the impact the Personal Insolvency Act will have on them to renegotiate a loan that is too burdensome on their families. Why is the bank not providing that level of information? The level of knowledge the customer has is quite limited. This is not owing to a lack of intelligence but...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Arthur Spring: Deputy Mathews, please allow Deputy Higgins to continue.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Arthur Spring: I am in a position of Acting Chairman but I will ask my questions from here. I have five minutes. Is Mr. Boucher aware of the Government's cap on salaries for people working in banks?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Arthur Spring: Is he aware of the Government's position?