Results 11,101-11,120 of 16,492 for speaker:Ciarán Lynch

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Ciarán Lynch: And the numbers. On the figure of €14 billion, will Mr. Duffy tell me about the level of credit?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Ciarán Lynch: That is new lending.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Ciarán Lynch: Can Mr. Byrne give me a headline figure in terms of AIB's balance sheet in 2008 versus its balance sheet now? In terms of AIB, how much has credit contracted in the real economy?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Ciarán Lynch: What about credit to the SME sector?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Ciarán Lynch: I thank Mr. Byrne.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Ciarán Lynch: I had to use five minutes of my time to try to find out and get an answer to the question-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Ciarán Lynch: We are out of time. Could Deputy O'Donnell conclude on those points?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Ciarán Lynch: Senator Paul Coghlan, Deputy Regina Doherty and Deputy Kieran O'Donnell are next. You have 15 minutes between you.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Ciarán Lynch: There is no need to be welcoming. You should ask a question because you will run out of time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Ciarán Lynch: In terms of the criteria set down in the insolvency legislation, in what circumstances will people obtain that level of access? I refer in this regard not to businesses needing additional cashflow but residential customers on fixed incomes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Ciarán Lynch: That would be done as part of the in-house resolution process rather than with another lender?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Ciarán Lynch: We are running out of time and I need to ask more questions. Mr. Duffy can go into the finer detail of some of these matters later. As the bank moves towards that resolution process, two difficulties will arise the first of which is what becomes a sustainable solution as opposed to a sustainable mortgage. The perception is that a sustainable solution is a mortgage issue that can be...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Ciarán Lynch: Therefore, there are situations where interest-only payments can be examined as a long-term, sustainable solution on a case by case basis on the basis that there are a number of factors in place.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Ciarán Lynch: That answers my next question. The other issue is that there has been some communication with the Insolvency Service of Ireland and AIB. This follows an earlier discussion I had with Mr. Duffy and the Central Bank. As people are in resolution processes, it means their income is very structured for the foreseeable future. This means they have so much disposable income to deal with their...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Ciarán Lynch: I am talking about someone on a fixed income. How does he or she deal with that type of financial emergency?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Ciarán Lynch: How?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Ciarán Lynch: In those circumstances have people remained in their homes or were the debts written down after repossession took place?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Ciarán Lynch: In regard to the three years of arrears, is the figure based on three years in days or three years in terms of the sum of money somebody would accrue after three years in arrears?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Ciarán Lynch: It is days not the sum of money.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Ciarán Lynch: Somebody could accumulate those arrears over six years.