Results 1,441-1,460 of 4,002 for speaker:Rose Conway Walsh

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: It is something we need to take up. It is no wonder that we have a housing emergency if it is taking seven to eight months to reach agreement on some of these properties. When we have 10,000 homeless people, it raises wider questions. I refer to the comment that rating agencies such as Moody's have welcomed the move. These are the agencies which told us Anglo Irish Bank seemed profitable...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: It is not my perception. It is the fact of their assessment of Anglo Irish Bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: An endorsement by Moody's does not carry any weight.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: I ask Mr. O'Sullivan to give us a geographic breakdown of the properties that are for sale. How long would it normally take the bank to sell a property that was not being sold to the Government or its agents? I find it astounding that eight months on-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: Can Mr. O'Sullivan not give a geographic breakdown?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: I have a short "Yes" or "No" question. Can a non-performing loan be turned into a performing loan?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: The witnesses were implying that it could not but Mr. O'Sullivan is now saying that it can.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: Does the bank have specific criteria for that to happen? What needs to happen?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: Yes, but obviously I have it explicitly here in a document from the European Central Bank to our MEP, Mr. Matt Carthy, as to how a non-performing loan can be turned into a performing one. If someone goes into the bank today with arrears that are owed, does the bank accept those arrears? If they continue to pay the interest and the original loan over a 12-month period, they will automatically...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: Let us suppose someone comes in and pays the arrears or interest that is owing up to today. Then, 12 months from now, the loan should automatically become a performing loan. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: It is the "broadly" part that concerns me because it creates an ambiguity. Let us suppose a customer owes €5,000 in arrears on the mortgage and goes into the bank today. Will the bank accept the sum? Does it ever refuse it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: Permanent TSB would never refuse a borrower proposing to pay today the €5,000 that is owed on arrears. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: What does Mr. O'Sullivan mean by saying once the bank is satisfied about where the funds have come from? Surely, it does not matter as long as it is legal. It is not the bank's job to see where the funds have come from.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: The bank would never refuse a borrower coming in with an amount of money to pay the arrears unless the bank was suspicious that it had come from an illegal source. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: It is my understanding that moneys being paid in arrears have been refused by Permanent TSB. It is interesting to have that on public record.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: The European Central Bank does not say that customers have to be back paying the original terms of the mortgage. I propose that the committee should contact the ECB again after today's hearing and seek clarification on some of the points that we have not received clarity on today.

Seanad: Order of Business (11 Oct 2018)

Rose Conway Walsh: I want to speak about the autism assistance dogs programme provided by Autism Assistance Dogs Ireland. Yesterday, we learned about the programme at a presentation given in the AV Room in Leinster House. The programme has transformed the lives of children with autism and that of their families. The organisation trains and provides highly-skilled, task-specific assistance dogs to children...

Seanad: Order of Business (10 Oct 2018)

Rose Conway Walsh: I find Fianna Fáil's declarations that it is here to save us all eternally amusing. It is here to save us from Fine Gael and ourselves. They declare how they will fix the housing crisis. It is worth taking 30 seconds to look at Fianna Fáil's record in housing. Fianna Fáil caused the collapse because of its collaboration and closeness with the banks, and the light...

Seanad: Order of Business (10 Oct 2018)

Rose Conway Walsh: I will.

Seanad: Markets in Financial Instruments Bill 2018: Second Stage (10 Oct 2018)

Rose Conway Walsh: I welcome the Bill, which Sinn Féin will be supporting. The Bill is quite technical in nature and is the first step in a process for which Sinn Féin has been calling for a long time. My colleague, Deputy Pearse Doherty, attempted to have the definition of whole-of-life policies amended because companies were still using the lack of clarity to avoid legislative provisions and Sinn...