Results 13,081-13,100 of 16,492 for speaker:Ciarán Lynch
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Ciarán Lynch: It was.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Ciarán Lynch: Let me make a brief interjection. The Deputy will have to allow the delegates to reply, but I do not want him to run out of time. I can call him again later, but he must allow the delegates time to respond.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Ciarán Lynch: If one goes to confession, the priest will nod, but that does not necessarily mean he agrees with one's sins. If the delegates are nodding at the Deputy, it does not necessarily mean they are agreeing with him.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Ciarán Lynch: In this case, debt forgiveness.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Ciarán Lynch: Please, Deputy; I am making a ruling. The Deputy can speak for the time allocated. We will then move on to the next committee member or he can allow the delegates to respond to him now.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Ciarán Lynch: That is the Deputy's view, but-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Ciarán Lynch: We have delegates before us who may have an opinion on the matter and may actually agree with the Deputy. I ask him to facilitate them by allowing them to respond.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Ciarán Lynch: Does the Deputy have supplementary questions?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Ciarán Lynch: Before Mr. Duffy responds, I ask Deputy Arthur Spring to take the Chair for a short period. Is that agreed? Agreed.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Ciarán Lynch: Mr. Duffy mentioned earlier that with the roll-out of product or options, there are issues with regard to the Central Bank and the Financial Regulator. What issues are arising currently with regard to the credit guarantee scheme? What sort of structural engagement does AIB need with the Central Bank and the Financial Regulator to ensure this rolls out smoothly?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Ciarán Lynch: Moving on to specific operational matters, I submitted a parliamentary question recently relating to the rent-to-buy programme and the response was interesting. It stated that more than 60 cases were currently being processed under the mortgage to rent scheme, that one case had been fully concluded and a further eight were expected to conclude shortly. Anecdotal information I have got is...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Ciarán Lynch: One of the criteria is that the bank must realise the real value of the property. It seems to be the case that the sub-prime lenders know the real value of the property, but it is the accusation that AIB does not. Has AIB completed one mortgage to rent model yet?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Ciarán Lynch: But not one has been completed.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Ciarán Lynch: Does AIB expect to get any of those over the line?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Ciarán Lynch: Will AIB inform the committee by the end of the year as to how many of these it has completed and how many it has examined? We do not need to know the details of the households involved, but I am anxious to know how AIB is engaging on this incentive. The final question before we move on relates to the issue of credit and debt transactions. In how many businesses in the country does AIB...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Ciarán Lynch: No, I am talking about debit card transaction, for example, if I buy a pair of shoes this afternoon in Grafton Street or in McCurtain Street in Cork. How many of those transaction points are there in the country?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Ciarán Lynch: Laser or debit points. How many are there?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Ciarán Lynch: Would it be 2,000 or 3,000?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Ciarán Lynch: I understand that in the past AIB rented these debit points to their customers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of AIB: Discussion (31 Oct 2012)
Ciarán Lynch: Of what?