Results 1,661-1,680 of 4,928 for speaker:Peter Mathews
- Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)
Peter Mathews: This is important. A total of €61 billion was redeemed. Everyone was beginning to recognise that all the Irish banks were as bust as a few of us had been saying. How did they get the money to pay back all these bonds? They got it from the euro system and emergency liquidity assistance. This is why I keep battening on and why I continue to ask the Government to batten on to try to...
- Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)
Peter Mathews: This is my last sentence.
- Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)
Peter Mathews: The €25 billion in Mr. Honohan's desk of bonds replacing the promissory notes should be cancelled. If I was Taoiseach - an idea as remote as one could ever imagine - I would say "Patrick, tear those up please and I will make the call to Mr. Draghi". A total of €25 billion neutralised across Europe is a very small load for 500 million people. If we told the story truthfully...
- Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)
Peter Mathews: It is fact-based.
- Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)
Peter Mathews: Can she do anything about it?
- Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)
Peter Mathews: I thank Deputy Pearse Doherty for bringing forward the Bill. It was alluded to by Deputy Stephen S. Donnelly and a few other Members that, as elected representatives, we owed it to people to be concerned about the crisis. I am shocked that there is not one other person from the Government parties present, except the Minister of State, Deputy Paschal Donohoe. It is shocking. A total of...
- Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)
Peter Mathews: He said that was policy.
- Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)
Peter Mathews: Shame.
- Land and Conveyancing Law Reform (Amendment) Bill 2013: Second Stage [Private Members] (11 Apr 2014)
Peter Mathews: Shame.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: I have one question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: I know that. I do not want to get held up with this. There has also been mention of shareholders, so let me give an example. In July 2011, some 35% of the bank was sold to new capital, with an inflow to the bank of €1.1 billion. This came from Mr. Wilbur Ross and Mr. Prem Watsa, a director in the bank. They bought 35% for €1.1 billion, with a cost of 1% of the bank at...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: The bank has indicated there will be no write-offs or write-downs. The bank created the negative equity, which is what is wrong.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: I can provide all the figures. It is really ridiculous that we have five minutes to try to cover this ground. I have a few questions to leave the witness. The bank has spoken about sustainability, which takes in term, repayments, costs, residual and collectible factors. We have not spoken about those. How experienced are the staff? It has been indicated there are 1,000 staff dealing...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: I have some final questions. What is the bank's credit committee structure for deciding policies, and what directors arrive at a policy of having no write-offs or write-downs? It is disgraceful because the banks collectively caused the bubble. We must remember the figures. There was a 173% weighted average loan-to-deposit ratio, which is 83% above the 90% norm over six years. That is 92%...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: This is important and Mr. Boucher understands these issues. He should be sharing the information in a spontaneous and voluntary fashion with the members of this committee. The balance sheet is the starting point. We must go back to the microcosmic elements of that balance sheet; we have been distracted by other factors. The witness has not even given us a couple of examples as members of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: From a free-for-all lending stampede in 2008-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: It is not right.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: Sorry, Chairman, but-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: I am, but this must be said.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Peter Mathews: Chairman, the last fact is the bank's loan book has come down-----