Results 12,641-12,660 of 16,492 for speaker:Ciarán Lynch

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Ciarán Lynch: In your case, Ms Hayes?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Ciarán Lynch: Public interest directors were appointed under section 4 of the Credit Institutions Act, which states that the directors - in the case of public directors - have a duty which takes priority over other duties of the directors. That means that public interest directors have a specific role. When the former Minister for Finance, the late Brian Lenihan, appointed you, he was quoted in one...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Ciarán Lynch: I will put some final questions because I am running out of time myself. How many business loans were taken out or applied for by Permanent TSB last year? How many were granted and how many refused? How many mortgages does the bank have on its loan book? What percentage of those have been distressed for a period of more than three months?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Ciarán Lynch: We will just focus on mortgages because I will be out of time shortly.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Ciarán Lynch: I thank Ms Hayes. Before we commence the questions I ask members to ensure they are concise in their questions and I also ask witnesses to be concise in their replies. We have a packed committee this afternoon. I propose that the first round of questions will involve a 12 minute engagement that will then reduce to eight and five, accordingly. Both directors were appointed in 2008 by the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Ciarán Lynch: What fees has each of the directors received since their appointment as public interest directors?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Ciarán Lynch: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Ciarán Lynch: Okay. Since his appointment in December 2008 I understand Mr. MacSharry has attended approximately 30 board meetings and his payment is approximately €290,000. Since Ms Hayes was appointed in December 2008 she has attended approximately 30 board meetings as well and she has been paid approximately €210,000.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Ciarán Lynch: Since their appointment were the witnesses given any specific instructions or terms of reference on reporting or carrying out their tasks as public interest directors? Did the Minister, the Department of Finance or the Central Bank issue them with any terms of reference, instructions or reporting mechanisms?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Ciarán Lynch: Was it the same situation with Ms Hayes?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Ciarán Lynch: Since they were appointed in December 2008, have they on any occasion either formally or informally reported their activities as public interest directors to either the Minister for Finance, the Central Bank or the Department of Finance?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Ciarán Lynch: Could I call the meeting to order?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Ciarán Lynch: The meeting is in public session. The item before us is the role and contribution of public interest directors in financial institutions. I welcome Ms Margaret Hayes and Mr. Ray MacSharry, public interest directors in Permanent TSB. The format of the meeting is that the public interest directors will make some opening remarks, which will be followed by a question and answer session. As...

Written Answers — Department of Education and Skills: Student Grant Scheme Applications (19 Dec 2012)

Ciarán Lynch: To ask the Minister for Education and Skills the position regarding a Student Universal Support Ireland grant application in respect of a person (details supplied); and if he will make a statement on the matter. [57130/12]

Written Answers — Department of Social Protection: Domiciliary Care Allowance Applications (19 Dec 2012)

Ciarán Lynch: To ask the Minister for Social Protection when a determination will be made on an application for domiciliary care allowance in respect of a person (details supplied) in County Cork; and if she will make a statement on the matter. [57349/12]

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motion (12 Dec 2012)

Ciarán Lynch: I thank the Minister of State and his officials for attending this afternoon's meeting. As the select sub-committee has now completed its consideration of the motion, in accordance with Standing Order 87, the clerk to the committee will convey a message to that effect to the Clerk of the Dáil. Under Standing Order 86(2), the message is deemed to be the report of the committee. Is that...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Message to Dáil (12 Dec 2012)

Ciarán Lynch: In accordance with Standing Order 87, the following message will be sent to the Dáil: The Select Sub-Committee on Finance has completed its consideration of the following motion:That Dáil Éireann approves the following Orders in draft:(i) National Pensions Reserve Fund Act 2000 (Suspension of Exchequer Contributions) Order 2012, (ii) Double Taxation Relief (Taxes on Income and...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motion (12 Dec 2012)

Ciarán Lynch: Deputy, if I may interject, you have been speaking for the last seven minutes. I must call other Deputies because another meeting is due to commence in this room at 3 p.m. and I must conclude this meeting by then. I ask you to ask a specific question-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motion (12 Dec 2012)

Ciarán Lynch: You have, and if you want the Minister to answer them-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motion (12 Dec 2012)

Ciarán Lynch: I ask the Minister of State to be brief as I must call other Deputies. If Deputies ask questions they must afford the Minister of State the same amount of time to respond.