Results 1,641-1,660 of 23,109 for speaker:Paddy Burke

Seanad: Order of Business (4 Apr 2017)

Paddy Burke: Perhaps they are looking for the Senator.

Seanad: Order of Business (4 Apr 2017)

Paddy Burke: I support what Senator Ó Ríordáin said about the Republic of Ireland women's national football team. I hope that no other Irish team such as the Ireland women's rugby union team is in similar circumstances. The Minister for Transport, Tourism and Sport should clarify the position because, as Senator Ó Ríordáin said, it is disgraceful. I support Senator...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Paddy Burke: I welcome Professor Lane and his staff to the meeting. One haulier told me that the cost of his insurance has gone up by 300% this year, which is an enormous expense. He also told me about a company in Poland which sells lorries to Irish people who insure them here at enormous cost. The same lorry is being sold in Poland with insurance fixed for four years. Something is wrong somewhere....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Paddy Burke: In respect of tracker mortgages, as members of this committee, we have received an enormous amount of letters, queries and questions we have been requested to ask. We are the voice of those people and we should be asking questions. However, we would be here until Christmas if we asked every question we have been requested to put to the Central Bank at this committee. Professor Lane passed...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Paddy Burke: So the witness has no comfort for the people who have genuine questions?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Paddy Burke: Does the Governor think that in situations where the bank has admitted that there is a problem, that the people affected should be paid part of their compensation and put back on a tracker rate straight away?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Paddy Burke: Professor Lane said that there was a culture in the bank of interpreting mortgage contracts in favour of lenders rather than borrowers. He also said there was a systemic and widespread aspect to it. Does he think there was a cartel in the banks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Paddy Burke: Did they all start doing it at the same time?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Paddy Burke: Have any sanctions been imposed by the Central Bank on any of the 15 lenders?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Paddy Burke: Has the Central Bank published any guidelines relating to circumstances in which tracker mortgages should be restored to customers?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Paddy Burke: Each bank designs its own scheme. Has the Central Bank changed the schemes of any lenders?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Paddy Burke: It was suggested that a lot of financial institutions would come here in the wake of Brexit. That does not now seem to be the case. There are difficulties with some of them coming here, possibly because financial services are going to jurisdictions with more relaxed regulation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Paddy Burke: There seems to be some difficulty. We do not seem to be as popular a destination as first thought.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Paddy Burke: I know a question has been asked already about loans acquired by vulture funds. It has been reported that those customers affected are feeling the heat since with extra pressure to pay exorbitant interest rates. The Governor said the original lender will eventually pay the compensation and so forth in the tracker issue. However, can something be done about the pressure the vulture funds...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Paddy Burke: The Governor said before that 8,200 customers were affected.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Paddy Burke: Could it still be rising?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

Paddy Burke: I welcome the officials from the Department of Finance. I would like to follow up on Deputy Sherlock's questions. Did alarm bells not start ringing in the Department when it emerged that some credit unions were not taking deposits from people? One cannot get a loan from a credit union unless one has savings in the credit union. Many credit unions are not taking the savings of young people...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

Paddy Burke: Can Mr. Carville see the problem that exists?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

Paddy Burke: Of course. Does Mr. Carville not think there is a problem here? Does he think there is anything the Department can do to alleviate the problem so that young people can start saving to borrow money?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

Paddy Burke: It is a problem if a credit union decides not to take savings from people because it cannot afford to do so on foot of the ratio. It may be a problem that has been created by the Central Bank, but it is a problem nonetheless. The Department of Finance is central to all of this as well.