Results 1,421-1,440 of 23,109 for speaker:Paddy Burke
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Senator Michelle Mulherin asked about SMEs, some of which had buy-to-lets loans. I was disappointed by the answer the representatives of the Central Bank gave that they did not think the banks were making contingency plans for those loans.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Does that mean that for those loans that have not been sold so far, none of them will be sold in the new sales the banks are preparing?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Some of those might not be uncovered at all yet in the review.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: The Central Bank is putting pressure on the banks to clean up these loans or whatever and it is also putting pressure on them to sort them out. The bank could sell the loans and say it did not realise they were in the scope at that stage.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Professor Lane is saying the scope is finished.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: On the SMEs that Senator Mulherin mentioned, is Professor Lane aware of any problem? Are provisions made in the banks to make things right in respect of some of the SMEs or do they have to go through the courts themselves? Does the Central Bank know of a problem there?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Is there a problem with or issues in the other banks in respect of the same thing? Mr. Sibley said the issue with Ulster Bank's parent company is in the public domain.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: The Central Bank would not have received any complaints from customers about the way they may have been treated by the banks as regards being taken off a particular rate, or taken off a tracker and put on a different rate? Has there been no correspondence?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Senator Mulherin mentioned a specific rate, let us say a rate that is tied or fixed, and that the borrower was moved off it, outside the tracker.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: I would like clarification on the statute bar. The previous ombudsman ruled on a lot of cases in a manner that was not very favourable to the people who were in bother. In a lot of the cases people were not deemed to have been impacted upon. Those cases will still come within the scope - is that what the witnesses said?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: That is because the Central Bank has written to the banks, is it, to say they could not use the statute bar? Or is it up to the banks themselves to write to the Central Bank to say they will not be using that instrument?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Was it the Central Bank that told the banks not to use the instrument?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: By diktat, letter or whatever?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Did they all write back and say they accepted it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: The Central Bank gets a monthly report from the banks. Could they be published?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Is there a monthly report on trackers and the framework?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: It was brought to my attention that some people wrote to the Central Bank about their mortgages going back over the years and they had no response at all. Should they write again?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: On the German bank that would like to set up here in conjunction with the credit unions or whatever, has the Central Bank looked at the model? The name of the German bank has escaped me. The Chairman tells me it is Sparkasse.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Does the Central Bank have any objection to the credit union movement investing in it? Does the European Central Bank, ECB, have restrictions on where credit unions can invest their funds?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Paddy Burke: Has the policy changed yet?