Results 1,621-1,640 of 4,002 for speaker:Rose Conway Walsh
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Rose Conway Walsh: The projections the bank has provided do not include any provision for that for 2018.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Rose Conway Walsh: We will no doubt return to that again at some point. The bank in its responses to the questionnaire addressed some of the major threats to the banking sector in Ireland, and it referred to Brexit and the need for clarity and consistency. Did the happenings in Britain yesterday concern Mr. Verbraeken in terms of Brexit and the deadlines we keep missing?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Rose Conway Walsh: What might be the impact of it on the banking sector in terms of increased interest rates and so on?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Rose Conway Walsh: I agree.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Rose Conway Walsh: My question is specifically about residual debt after the properties were sold. Did the bank force the selling of properties?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Rose Conway Walsh: To whom?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Rose Conway Walsh: What is the difference between a specialised firm and a vulture fund?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Rose Conway Walsh: The bank goes through the legal process, the house is repossessed and then the difference between what is owed and what the bank got for the property in its sale is the component of the €114 million.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Rose Conway Walsh: To collect each of those debts in the €114 million separately, the bank basically sells it to a debt collector.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Rose Conway Walsh: When Mr. Verbraeken says a specialist company, he is talking about a debt collector.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Rose Conway Walsh: He is saying that that debt collector is regulated here.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Rose Conway Walsh: Some €114 million is handed over to a debt collector to go after people who could not pay their mortgage in the first instance. That is the situation.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Rose Conway Walsh: They did not engage. I find it very strange when the witnesses say that people do not engage with the bank. I hear from people that banks refuse to engage with them unless it is within a very narrow parameter. People come and offer to pay a certain amount a month. The witnesses are not talking about people like that. They are talking about there being no engagement whatsoever.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Rose Conway Walsh: There is €114 million there, so the bank then sells it off to a debt collector. It would not dream of selling something off to a debt collector from somebody who had engaged and had, for example, lost a job or otherwise could not afford to continue to pay the mortgage at the rate that the bank wanted. If somebody was on an interest-only rate and the bank wanted to get some of the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Rose Conway Walsh: It makes me suspicious when we find out a specialist company is a debt collector because we know how debt collectors operate.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Rose Conway Walsh: That does not make them any different. We have sheriffs and so on.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Rose Conway Walsh: In presenting to the committee, it would be better if KBC Bank Ireland were to say it has given €114 million to debt collectors. Was that given at a reduced rate? What was the original sum?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Rose Conway Walsh: Was it discounted to €114 million or did I hear that wrong?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Rose Conway Walsh: Can KBC say what it was discounted to?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: KBC Bank (10 Jul 2018)
Rose Conway Walsh: Would the same discounts be offered to the people who were originally in the homes?