Results 1,061-1,080 of 1,974 for speaker:Arthur Spring
- 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 running out of time and I am in the position of being Acting Chairman also. Does Mr. Boucher think it is appropriate that people of my generation are left here, first, paying an increased mortgage for themselves, second, picking up the developers' haircut write-down of 55% and then picking up the debts of those who are defaulting strategically on loans, and yet shareholders have seen an...
- 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 addressing Mr. Boucher, if that is okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Arthur Spring: As a result of certain things.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Arthur Spring: I understand that. I have one minute left. I am with Deputy Donnelly on this because I am from that generation. From my dealings with people, as a former banker and now a politician, I am acutely aware that ultimately those of us who enter into an arrangement will be paying more for that house than we envisaged initially. I am of the opinion - Mr. Boucher will have heard me say this on...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Arthur Spring: As CEO.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Arthur Spring: Has there been an investigation of the board at the time of the collapse of the bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Arthur Spring: The bank is having an investigation. I thank Mr. Boucher very much for his time.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Arthur Spring: I beg your pardon.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Arthur Spring: Is there an outcome of an investigation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Arthur Spring: Is there an outcome?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Arthur Spring: I understand that the board has been cleaned out so to speak - there are some people who remain. Was there an internal investigation into the board that led to the collapse of the bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Arthur Spring: That is for the future. I thank Mr. Boucher. I need to be fair to everyone else. I now call Deputy Higgins who has five minutes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)
Arthur Spring: Of course, if that is acceptable to the Deputy.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Arthur Spring: Any institution which has gone onto the rocks and been saved by the people should internally have carried out an investigation to find out why such a mess was made, who was responsible and whether they should be culpable, rather than, if they made a mistake, getting handsome and rather brilliant pensions relative to anybody else in society. However, I thank the witness for engaging.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Arthur Spring: How can we ensure equality of standards among personal insolvency practitioners, PIPs, when we do not know what type of service customers are being given?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Arthur Spring: I believe the bank will need to set out a firm set of guidelines on the standards expected. As a former banker, I know that in the case of a bank official involved in negotiations looking at margins and making calls the banker will have the upper hand. I am of the view that the legislation should provide for the individual to have the upper hand. The last thing the banks want is for my...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Arthur Spring: Mr. Duffy would have to agree that traditionally the banks rather than individuals have had the upper hand.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Arthur Spring: I apologise, but as I have only two minutes remaining, I must move on. For me, there are two issues for the Government, namely, joblessness and personal insolvency. That is the reason I am adamant we have this resolved. Has there has been an internal investigation into whether the previous directors of AIB acted negligently during their period of stewardship? Also, is Mr. Duffy aware of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Arthur Spring: I will take up the matter with the delegates after the meeting. An individual who visited my office in the past week is being pursued by somebody other than AIB in respect of a small overdraft.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)
Arthur Spring: Do they negotiate on the bank's behalf or does the bank negotiate the outcome?