Results 1,381-1,400 of 1,974 for speaker:Arthur Spring
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Arthur Spring: I can give examples of people in arrears that show the reality of a generation that is not being dealt with by the upper echelons of the banks. The sale of the Bank of Ireland and the other banks is of key importance. Funding for the banks will determine where it can be sold. The IMF made a recommendation that the banks should use the vehicle of the ESM. Are the witnesses of the opinion...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Arthur Spring: Would Mr. Considine not be in a position to influence how that will play out?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Arthur Spring: As a public interest director, does Mr. Considine not have a capacity to determine where the 15% equity is pushed?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Arthur Spring: Is Mr. Considine not our representative on the board of Bank of Ireland?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Arthur Spring: The public interest. Mr. Considine was appointed by the Department of Finance as a public interest director.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Arthur Spring: I am not sure of the purpose of a public interest director on the board of the Bank of Ireland if he or she cannot communicate the best strategy for the bank from the perspective of the public interest.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Arthur Spring: Mr. Considine represents the Government, as it appointed him to the board.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Arthur Spring: May I now ask Mr. Walsh about his relationship with Mr. Boucher? What is his perception of the ethos of Bank of Ireland under the stewardship of Mr. Boucher? Is Mr. Walsh comfortable that he is doing the right things by the country and by the bank? Following Mr. Boucher's attendance at this joint committee, I sent a letter to the Minister for Finance asking him to withdraw his support for...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Arthur Spring: With all due respect, the performance of the bank is assessed on the balance sheet. The public interest is not decided by the balance sheet. The people have bailed out the banks and given them a life line but there does not seem to be an equitable approach to dealing with people who are bearing the brunt of bad banking. In any other form of business, an entity with the debts of Bank of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Arthur Spring: And the journalists.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Arthur Spring: I welcome the witnesses. It may not feel that way, but they are welcome. I am delighted that the communications deficit has finished between the public interest directors and such interests as the Joint Committee on Finance, Public Expenditure and Reform. I compliment the Chairman as the rest of us sat around here for 18 months without the ability to invite in the witnesses. That is a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Arthur Spring: In his opening statement Mr. Walsh stated that of the 61 people on the board, 62% have left or will have left the board over the next couple of months.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Arthur Spring: Were they removed or have they left?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Arthur Spring: Bank of Ireland under the stewardship of the previous board was run into the rocks and had zero value, if any. Were the previous directors culpable in realising where the bank ended up?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Arthur Spring: Who is at fault for Bank of Ireland ending up where it did in 2008?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Arthur Spring: Therefore, it was general and was nobody was responsible?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Arthur Spring: I am trying to get to the crux of the issue. Who was responsible for destroying Bank of Ireland?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Arthur Spring: That is not going to wash here because the public interest requires justice to be seen to be done for what is ultimately felt by those in mortgage arrears or employed by small and medium-sized enterprises that are haemorrhaging staff and money or are near closure. There are consequences but these should ultimately look towards justice. As the role of the witnesses is that of public interest...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Arthur Spring: Not why it happened; who in the bank was responsible for it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Arthur Spring: Was Mr. Richie Boucher on the board at that time?