Results 10,841-10,860 of 16,492 for speaker:Ciarán Lynch

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: Deputy, you are eating into other members' time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: You had time to ask the question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: You could have prioritised it at the start. I am setting the same discipline for you as I am for other members. Either wrap up your question or I will move on.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: We must move on as this meeting must conclude at midday. I will take one question each from remaining members. It is to be asked cogently and quickly and responded to in the same manner. I call Deputy Regina Doherty for a question, not a comment.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: The Senator must ask a question or I will move on.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: That is a statement so there is no need for a response.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: I call Deputy Higgins.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: Could we have a question?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: I cannot allow the Deputy discuss an individual.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: Nevertheless, I must push you to a question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: That question was already asked.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: Do you think it is a better product than the concession product?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: What Deputy Spring is asking is that if a person engages in a resolution process with PTSB, will he or she be locked out from accessing further credit. If so, that is very worrying. The insolvency process provides for payment breaks to allow people to deal with emergency financial issues. The question Deputy Spring has asked is: will people who so engage with PTSB be locked out from...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: I thank Mr. Masding.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: Mr. Masding will bring back those facts. What Deputy Doherty has raised here is very interesting. In the cases where the bank has flipped people from tracker mortgages to variable interest rate mortgages, has there been a reduction in the loan?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: Permanent TSB has €3 billion of performing tracker mortgages. The suggestion has been made that if it were to flip those people over to standard variable rates and gave them a 20% reduction on their capital, it would make a saving of €2.4 billion, which would represent a significant yield for the bank if it were to do that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: No. I am discussing performing tracker mortgages. The bank has €3 billion of performing tracker mortgages. These are people who are not in any kind of resolution process. If rather than just flipping them over and getting no benefit the bank were to consider a 20% write-down in the mortgage while putting them on the standard variable rate, it could yield the bank €2.4...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: I ask Mr. Masding to limit his answer to "Yes" or "No".

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: Deputies Spring and Ó Ríordáin are sharing time. I call Deputy Spring.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Ciarán Lynch: We will not tell him. Mr. Masding can tell us.