Results 161-180 of 494 for land speaker:Pearse Doherty

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Other Questions: Tax Exemptions (29 Sep 2016)

Pearse Doherty: ...to consider removing the exemption from dividend withholding tax for non-resident investors in qualifying investor alternative investment funds on dividends relating to profits or gains relating to lands or property situated in the State? We know from the funds industry that the Irish-registered qualifying investor alternative investment funds have net assets of €383 billion as of...

Written Answers — Department of Finance: Tax Reliefs Data (16 Sep 2016)

Pearse Doherty: ...and speculators are using special purpose vehicles, including section 110 companies, ICAVs and qualifying investor funds for tax efficient reasons to structure their business dealings in land and property; and if he will make a statement on the matter. [24408/16]

Ceisteanna - Questions - Priority Questions: Code of Conduct on Mortgage Arrears (18 May 2016)

Pearse Doherty: ...by the State. Also, when will the code of conduct on mortgage arrears be put on a statutory footing? The Minister will remember that this was an argument I put to him. It was contained in my Land and Conveyancing Law Reform (Amendment) Bill and the Minister gave me ample reasons as to why it should not happen. Can he advise when it will be on a statutory footing? Will the two...

Central Bank (Variable Rate Mortgages) Bill 2016: Second Stage [Private Members] (17 May 2016)

Pearse Doherty: ...of people. He spoke about switching providers which is impossible for many people and it is not only a case of the banks frustrating the process, we have problems legislatively as well regarding securing assets, land registry delays and so on, which are issues for another day. Earlier today the Government spin spoke about kicking this Bill into touch, back to pre-legislative scrutiny....

Ceisteanna - Questions - Priority Questions: Mortgage Arrears (18 Nov 2015)

Pearse Doherty: ...because they do not have any other option. The weakening by the Government of the code of conduct on mortgage arrears and its introduction of repossession provisions within the framework of the Land and Conveyancing Law Reform Act allow the banks to do what they are doing. What does the Minister propose to do to protect the 3,638 individuals who have their cases before the courts knocked...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Pearse Doherty: ...of the Irish property bubble, a transaction that totalled €1.165 billion. It suggests that the property that was purchased was purchased at 2 o'clock in the morning. A manager from Anglo landed with a bank draft for the purchaser ... to the ... for the purpose of the purchase of that property. Is that an accurate reflection of what was going on in Anglo - that Anglo was on call...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Pearse Doherty: ...in place to effectively manage this exposure. On page 47 of the core booklet that you have in Vol. 1, we see that by September 2008, 80% of INBS's loan book was in commercial property and 81% in land and development exposure was in speculative property activities. Do you think that this was an appropriate lending strategy for Nationwide, as a building society, in which to engage?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Pearse Doherty: But were you aware of the risks that existed with the fact that you put 81, 80% of your loan book in commercial property and 81% of land and development were in speculative-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: Go raibh maith agat. If we can go to page 101 in core documents, Vol. 1, this is an extract from the loan review summary document dated 31 May 2007 and talks about risk exposure to unzoned land. Would you be familiar with this document? Would you have seen this document as chair of the risk committee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: Yes, okay. And it talks about that 6% of the exposure is to unzoned land. It's totalling €627 million.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: So move unzoned land-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: So they would have convinced the lenders that they had that ability "to move", in your words, "unzoned land"?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: As chair of the risk committee, did you not question this? Like, this was obviously unzoned land, had write-downs of in excess of 90%. Did you not question whether they ... they actually had the ability?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Pearse Doherty: Okay. And, in page 121 we see a map of Ireland and we see that Anglo Irish Bank was exposed to €5.29 billion in, in loans for land in every single county in the Twenty-six Counties. Did this raise a concern to you that there was quite a bit of money being lent for land and unzoned land in, in most of those areas, that we have documents for as well, in, in different parts, where there...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Pearse Doherty: ...to NAMA at an average discount of circa 60%, the resulting capital loss on these loans was very damaging. What was the nature of the €836 million worth of loans that were transferred to NAMA? Was it land, hotels, was it residential housing, what type of loans were they?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Pearse Doherty: Okay. And this land, was that for housing or was it for commercial?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Pearse Doherty: Okay. In relation to the portion of land that was transferred to NAMA, what was the haircut on that type of ... on that product?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Pearse Doherty: ...in January to March 2008. How much knowledge would the Financial Regulator's office have in relation to the loan book of EBS? And would the office have been aware of EBS's exposure to commercial land and development property loans? Would the office have been aware of the funding model of EBS at the time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Pearse Doherty: ...in their analysis of the crisis by their unswerving belief that our banks were fundamentally sound and their failure to consider the possibility that their (sic) [may] be a crash rather than a soft landing in the Irish property market." Sorry, but your job was to write speeches for the Minister. Did you partake in any of the briefings to understand what was meant by a soft landing as to...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Pearse Doherty: Were you involved in any briefings so that you would understand what a soft landing meant as you wrote speeches for the Minister to try and persuade the public that that is where we were headed?