Results 19,081-19,100 of 35,756 for speaker:Pearse Doherty

Other Questions: Help-To-Buy Scheme (4 Apr 2017)

Pearse Doherty: However, it is pushing up house prices, something the Minister denies.

Other Questions: Help-To-Buy Scheme (4 Apr 2017)

Pearse Doherty: The Minister refuses to acknowledge the facts, which he has put on the record of this House. Some 73% of people who have been approved for the help-to-buy scheme did not need this money at all to garner their deposit. That represents millions of euro being provided, as the Minister says, to help people get a deposit. The Minister also claims this is about house prices in the second-hand...

Priority Questions: Commissions of Investigation (4 Apr 2017)

Pearse Doherty: 36. To ask the Minister for Finance his views on whether a commission of investigation should be established into the sale of Project Eagle, in view of the gravity of the Committee of Public Accounts' report on the issue; and if he will make a statement on the matter. [16621/17]

Priority Questions: Commissions of Investigation (4 Apr 2017)

Pearse Doherty: I refer to the commission of investigation into Project Eagle. I ask the Minister for Finance to outline his views, given that we have discussed the report of the Committee of Public Accounts on the sale of Project Eagle and, acknowledging the restrictions that were placed on the committee in terms of its reach, that a commission of investigation not be prevented from dealing with fixer fees...

Priority Questions: Commissions of Investigation (4 Apr 2017)

Pearse Doherty: I thank the Minister. I take it from his contribution that there will be a commission of investigation into NAMA and the sale of Project Eagle. The Minister will be aware that six months ago Sinn Féin provided terms of reference and will engage with the Taoiseach regarding ensuring the terms of reference are robust enough. At a meeting at which I represented the party, we made the...

Priority Questions: Commissions of Investigation (4 Apr 2017)

Pearse Doherty: The Minister's reply, which I welcome, referred to what is required. Does the Government or the Minister, who will have an input, have a timeframe for the establishment of the commission of investigation? Will it be established before the summer recess or in 2017? Can the Minister give the House an indication of the likely timeframe, subject to agreement with other party leaders and the...

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

Pearse Doherty: I would like to pick up on that point about the building industry. I agree with Professor Lane's analysis. I opposed the help-to-buy scheme - unfortunately, we were in a minority - because I believed it would trigger what we have seen in the past three months with house prices increasing every month in Dublin by €6,000 and by €4,000 per month elsewhere across the State. The...

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

Pearse Doherty: It is free money. I have been critical but I understand where the Central Bank is. We have a job to do here to debate and agree policy while the Central Bank needs to stand off from it to a certain extent. However, Professor Philip Lane is on the record saying he would act if there was any evidence of a housing bubble or spiralling prices. Increases of €6,000 per month in Dublin...

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

Pearse Doherty: If we take the example of Dublin, if prices rise at €18,000 each quarter, the problem is that a large majority of people who hope to live in Dublin will not be able to do so.

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

Pearse Doherty: Given the importance of consumer protection and financial regulation, it is not acceptable that one individual would carry out those two roles. When does the Central Bank expect to appoint a full-time person responsible for financial regulation?

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

Pearse Doherty: I welcome the fact the Central Bank has published on its website quite a bit of information on the framework for conducting a review of tracker mortgages and the principles for redress. I would have hoped that would have been done before. I encourage the Central Bank to publish information promptly. In one of the documents from the website, I found it fascinating that each bank had to...

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

Pearse Doherty: Are there any criteria for the banks to appoint the individual?

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

Pearse Doherty: Can the victims of this tracker mortgage scandal be informed of who their voice is on the steering committee? Could they communicate with them, so the voice on the steering committee is reflective of the real voices of the individuals affected by this?

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

Pearse Doherty: Will the Central Bank encourage the banks to publish who are the consumer voices on the steering group and make them accessible to their customers? On the 15 institutions which are part of the review, there are 29,000 cases which are being reviewed by IBRC. It does not know how many people will be affected. Is IBRC behind the curve with its review? Will it get additional time or leeway...

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

Pearse Doherty: IBRC sold on loans to vulture funds and the Central Bank has absolutely no powers to ensure there is a redress scheme in those cases.

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

Pearse Doherty: The originator is responsible for carrying out the review and informing the Central Bank how many people it wrongly did not put on a tracker rate, took them off a tracker rate, and so on. Once the Central Bank has the numbers that there were so many thousands of cases and so many people lost their homes as a result of the measure, the Central Bank has no power to enforce a redress scheme....

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

Pearse Doherty: The originator cannot put people back on the rate because it is the unregulated owner who has that authority and responsibility. Has the Central any indication from the new owners of the loans that were held by IBRC that they will comply with the moral suasion that the Central Bank is using to make sure all the other remedies that are being looked at by the other banks will be looked at by...

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

Pearse Doherty: My last question picks up on the point made by Deputy Michael McGrath about the prevailing rate. I appreciate that the Governor has said that this is a live issue. There are many customers. AIB has been mentioned but other financial institutions have used a prevailing rate. People are very angry because after finding out the bank was swindling them for so long and now they have a redress...

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

Pearse Doherty: I thank the witnesses.

Written Answers — Department of Finance: Brexit Issues (4 Apr 2017)

Pearse Doherty: 46. To ask the Minister for Finance his plans for operations along the Border by the Revenue Commissioners, including the Customs division, as a result of Brexit; and if he will make a statement on the matter. [16431/17]