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Order of Business (9 Apr 2014)

Peter Mathews: This is very much the Order of Business.

Order of Business (9 Apr 2014)

Peter Mathews: We have a promised banking inquiry under promised legislation.

Order of Business (9 Apr 2014)

Peter Mathews: No, I want to know this about it.

Order of Business (9 Apr 2014)

Peter Mathews: I am not making a speech.

Order of Business (9 Apr 2014)

Peter Mathews: There has been a seeming inability to understand that the banking boards of banks, for seven years leading up to 2008-----

Order of Business (9 Apr 2014)

Peter Mathews: Ceann Comhairle, please-----

Order of Business (9 Apr 2014)

Peter Mathews: I have sat in that chair-----

Order of Business (9 Apr 2014)

Peter Mathews: -----and I have never caused people to laugh at a Member.

Order of Business (9 Apr 2014)

Peter Mathews: I will in a moment.

Order of Business (9 Apr 2014)

Peter Mathews: I will do it in a moment.

Order of Business (9 Apr 2014)

Peter Mathews: I do not need a microphone.

Order of Business (9 Apr 2014)

Peter Mathews: It is a matter of fact that, on average, of the asset price collapse in this country the banks caused-----

Order of Business (9 Apr 2014)

Peter Mathews: People are paying for that. The faster the inquiry gets going, the better for 180,000 people.

Order of Business (9 Apr 2014)

Peter Mathews: That was an unfortunate episode. Thank you.

Order of Business (9 Apr 2014)

Peter Mathews: That is a wonderful joke.

Order of Business (9 Apr 2014)

Peter Mathews: Will it beat the statute of limitations?

Irish Human Rights and Equality Commission Bill 2014: Second Stage (8 Apr 2014)

Peter Mathews: The next speaker is Deputy Kyne who I understand is sharing time with Deputies Sean Kenny and they will have five minutes each. Is that agreed? Agreed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Peter Mathews: I have a question that is supplementary to the Chairman's excellent question. I have more than 20 years of experience in the area of valuations going back to the 1980s and 1990s. Valuations by so-called auctioneers and valuers in this country have been very wide of the embedded and true benchmark of the inverse yield value of a property. As Mr. Brown said, people have to pay a rent for...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Peter Mathews: The value depends on credit, which is the point I want the delegates to take away.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Peter Mathews: However, valuation based on rental yield can be checked against the income of an owner-occupier in a similar house. For instance, €70,000 per year times three is €210,000, and times three and a half gives €240,000. These are the brakes that should be applied and they are very simple.

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