Results 16,981-17,000 of 35,756 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Pearse Doherty: The point I have made - and I have made it before at a previous committee - is that the Financial Services Ombudsman has rejected 74% of the claims, where it had made findings, on tracker mortgages. I have not seen the files. I imagine that some of the claims would probably not have been upheld. I would bet my house that the Financial Services Ombudsman Bureau made serious errors on...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Pearse Doherty: There are two major issues. Customers have to be put back on tracker rates but there is also the issue of compensation and redress, as well as the debate around the prevailing rate. Mr. Deering is aware of the level of compensation the banks are offering their customers. There are individual circumstances, but the system is based around a standard formula. Has the level of compensation...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Pearse Doherty: Have the individuals who have been offered compensation and redress by a financial institution who rejected it or who have not been satisfied by the figures appealed to the ombudsman? Has it made any determination on such cases? Can Mr. Deering inform us as to whether the compensation has been higher in those cases?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Pearse Doherty: I brought to the attention of the Central Bank and the Minister for Finance a policy which was at the heart of Bank of Ireland, whereby in the case of mortgages for non-PDHs which required restructuring and the mortgage in question was a tracker mortgage an automatic 1% was added to the tracker interest rate. I have been informed that is completely against the spirit of the law. What is the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Pearse Doherty: The banks were lying to the ombudsman.

Committee on Budgetary Oversight: Fiscal Assessment Report: Irish Fiscal Advisory Council (6 Dec 2017)

Pearse Doherty: Cuirim fáilte roimh an IFAC chuig an gcoiste. I will begin with Brexit. Something that has appeared in a number of reports is the fact that the Department of Finance has underestimated the potential impact of a hard Brexit. IFAC also outlines that in this report. The Department estimates a 4% impact on GDP. How much of a divergence does IFAC see in this regard? How much greater...

Committee on Budgetary Oversight: Fiscal Assessment Report: Irish Fiscal Advisory Council (6 Dec 2017)

Pearse Doherty: Is it not a case of the UK either being or not being an average trading partner? I would imagine that the UK is not an average trading partner and that, therefore, there is a flaw in how the Department is projecting this.

Committee on Budgetary Oversight: Fiscal Assessment Report: Irish Fiscal Advisory Council (6 Dec 2017)

Pearse Doherty: I can appreciate that any forecast is a guesstimate but the inputs are important. In some cases, one knows some of the inputs in the analysis one is doing. Has IFAC engaged with the Department in respect of its estimate regarding the impact of a hard Brexit? If so, over what period has it been engaged with the Department?

Committee on Budgetary Oversight: Fiscal Assessment Report: Irish Fiscal Advisory Council (6 Dec 2017)

Pearse Doherty: Our guests from IFAC are not the only witnesses who have suggested that the Department of Finance has underestimated the impact of a hard Brexit. Other witnesses talked about labour intensity in terms of trade and the shock impact. There has been an engagement on this matter. Now IFAC is again stating clearly that the Department is of the view that Britain is an average trading partner...

Committee on Budgetary Oversight: Fiscal Assessment Report: Irish Fiscal Advisory Council (6 Dec 2017)

Pearse Doherty: I understand the point. I am obviously concerned about what is the best estimate of a hard Brexit. It is important that we know that. If organisations, such as IFAC and the ESRI, are coming forward telling us that the Department of Finance is underestimating a hard Brexit, and, as IFAC has pointed out, that the forecast scenario used by the Department has serious shortcomings, it is a...

Committee on Budgetary Oversight: Fiscal Assessment Report: Irish Fiscal Advisory Council (6 Dec 2017)

Pearse Doherty: On the issue of stamp duty, something that has been raised in the committee - and in the Chamber for quite a period as the Finance Bill was going through these Houses - was the estimation that the Department is putting on the increase to 6% of commercial stamp duty. The IFAC report refers to overly optimistic forecasts in that regard. We have seen from others that €9.4 billion of...

Committee on Budgetary Oversight: Fiscal Assessment Report: Irish Fiscal Advisory Council (6 Dec 2017)

Pearse Doherty: The estimate from the Department of Finance was very much linear, in other words, if activity increased by 1%, the increase in the yield would be a certain amount and if it increased by 2%, the yield would increase be Y amount. The estimate did not take account of behavioural changes and was, therefore, basic and crude. In addition, it did not take into account the exemption the Department...

Committee on Budgetary Oversight: Fiscal Assessment Report: Irish Fiscal Advisory Council (6 Dec 2017)

Pearse Doherty: In terms of medium-term planning, ceilings and so forth, which are issues on which IFAC has taken a consistent position, we have projections for the next three years in terms of macro figures for the fiscal space. When the committee discussed this issue previously, I requested that we ask the Department to produce five-year figures because thus far it has refused to do so and has no...

Written Answers — Department of Education and Skills: Cruinnithe an Aire (5 Dec 2017)

Pearse Doherty: 185. To ask the Minister for Education and Skills an bhfuair sé comhfhreagras ó scoil i gContae Dhún na nGall (sonraí curtha ar fáil) ina bhfuil cruinniú á lorg ag bainistíocht na scoile; agus an ndéanfaidh sé ráiteas ina thaobh. [51560/17]

Written Answers — Department of Health: Health Services Provision (5 Dec 2017)

Pearse Doherty: 368. To ask the Minister for Health if funding will be made available to provide long-term full-time care for a person (details supplied); and if he will make a statement on the matter. [51824/17]

Written Answers — Department of Children and Youth Affairs: Paediatric Services (5 Dec 2017)

Pearse Doherty: 459. To ask the Minister for Children and Youth Affairs if correspondence from a group (details supplied) in County Donegal in which a number of concerns are outlined with respect to paediatric diabetes services in the county has been received; if a reply has issued to this correspondence; and if she will make a statement on the matter. [51843/17]

Other Questions: Banking Sector Regulation (30 Nov 2017)

Pearse Doherty: I have been raising this issue at the joint committee on finance for a couple of years. I also brought it to the attention of the Taoiseach on the Order of Business last week. This is another scandal involving 2,141 Irish companies being placed with the Global Restructuring Group, which basically was death row. Ulster Bank informs us that fewer than 100 of these companies came out of the...

Other Questions: Banking Sector Regulation (30 Nov 2017)

Pearse Doherty: I too value and respect the independence of the Central Bank. However, it was also behind the curve on this issue, which is not new. I acknowledge that the Central Bank and Ulster Bank are engaging, whatever that word means in this context. It could mean, for example, that they are engaging on the fees structure, which is at the minor end of what has been alleged about GRG, or that they...

Other Questions: Strategic Banking Corporation of Ireland (30 Nov 2017)

Pearse Doherty: I seek guidance, please. Are Questions Nos. 7 and 32 being grouped together? They both deal with the Ulster Bank Global Restructuring Group, GRG, and the interaction between the Minister and the Central Bank. I did not see any notification of this fact.

Other Questions: Banking Sector Regulation (30 Nov 2017)

Pearse Doherty: 32. To ask the Minister for Finance if he has discussed with the Central Bank the actions of a bank’s (details supplied) restructuring group; his plans to do so; and if he will make a statement on the matter. [50886/17]