Results 14,961-14,980 of 35,738 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

Pearse Doherty: Does Ms Deering see further movement in interest rates, given what some of KBC's competitors have done? I mentioned Ulster Bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

Pearse Doherty: Looking at KBC's figures, what surprises me is that there is quite a low take-up of the discount of 20 basis points on opening up a current account.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

Pearse Doherty: KBC's process is not simple. Has it got feedback on the process of opening current accounts?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

Pearse Doherty: However, people may have brought in loans with IIB Homeloans, for example.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

Pearse Doherty: That is where-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

Pearse Doherty: Then there must be a certain amount of activity through the account for the customer to be able to avail of the reduction of 20 basis points. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

Pearse Doherty: I will go on to the app later.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

Pearse Doherty: Regarding the issue of the tracker mortgages, do the witnesses believe all the cohorts have been identified? Mr. Padraic Kissane presented before the committee previously - I am sure the witnesses have read the transcripts - and identified two particular cohorts which emanated from the flyers that were being issued to the brokers at that time regarding the commitment made by IIB Homeloans....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

Pearse Doherty: KBC estimated that this would cost the bank in the region of €4 million in 2016. In 2018 the provision is €120 million. Perhaps Mr. Verbraeken might tell us how the bank got it so wrong and how many people have been held to account within it for taking so much money from customers to date.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

Pearse Doherty: As CEO, Mr. Verbraeken obviously knows that he does not have to wait for the Central Bank to challenge the bank. KBC could have identified the 3,000 accounts and should have given the account holders back the money at an earlier stage. Mr. Verbraeken could also hold to account people within the bank without having to wait for administrative sanctions, a very high bar laid down in statute....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

Pearse Doherty: I understand KBC is the only retail bank in Ireland that is not unionised. Will Mr. Verbraeken clarify if that is also his understanding? KBC is unionised in Belgium and I understand it has a good relationship with the unions. Does it recognise the right of its staff in Ireland to join and be involved in a trade union? If staff request to meet their union, does it respect their choice?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

Pearse Doherty: Therefore, KBC recognises the right of staff to join a union and allows them to be represented by their union, if they so wish, in dealing with the bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

Pearse Doherty: Therefore, if I worked for KBC, had an issue with work practices, was a member of a trade union and asked it to meet management, would the bank refuse me access to my union representative?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

Pearse Doherty: There can be a union representative.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

Pearse Doherty: I appreciate that Mr. Verbraeken talked about the evolution of the bank which extends to current accounts. Does it have any intention of following its parent company which does recognise unions, given the position of KBC? It is welcome that KBC is committed to Ireland. We need banks like it, but we also need a far better culture within it. We need competition within the economy. Does the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)

Pearse Doherty: With a different culture.

Written Answers — Department of Finance: Financial Services Regulation (10 Jul 2018)

Pearse Doherty: 163. To ask the Minister for Finance the number of appeals lodged at the Irish Financial Services appeals tribunal; the number that were accepted as appealable; the number of hearings held; the number of Central Bank decisions or findings successfully appealed in each year since the tribunal was established in each case; and if he will make a statement on the matter. [30023/18]

Written Answers — Department of Finance: Financial Services Regulation (10 Jul 2018)

Pearse Doherty: 164. To ask the Minister for Finance the cost each year and to date in 2018 of the Irish Financial Services appeals tribunal; the cost to the Central Bank incurred through legal fees related to the tribunal; and if he will make a statement on the matter. [30024/18]

Written Answers — Department of Finance: Help-To-Buy Scheme (10 Jul 2018)

Pearse Doherty: 165. To ask the Minister for Finance his plans to extend the help-to-buy scheme beyond its end date; and if he will make a statement on the matter. [30047/18]

Written Answers — Department of Education and Skills: School Funding (10 Jul 2018)

Pearse Doherty: 262. To ask the Minister for Education and Skills his plans to restore the funding levels paid to schools under the capitation grant; and if he will make a statement on the matter. [30739/18]