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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion
(3 Dec 2014)

Arthur Spring: I am trying to get clarification about something that worries me. If someone ends up in a predicament where a loan book is sold on and the agency does not want to involve itself in new loans, in terms of the variable rate it can apply to that chunk of properties, and if they buy something that has a good loan to value, LTV, ratio and a proven record, in other words, the good stuff in the...

Written Answers — Department of Finance: VAT Rate Reductions (26 Nov 2014)

Arthur Spring: 49. To ask the Minister for Finance the feasibility of reducing the VAT specifically for bottled water products, which is currently charged at the standard rate; and if he will make a statement on the matter. [45442/14]

Written Answers — Department of Social Protection: Departmental Investigations (25 Nov 2014)

Arthur Spring: 153. To ask the Minister for Social Protection if her Department has made a finding regarding a case (details supplied); and if she will make a statement on the matter. [44873/14]

Written Answers — Department of Finance: Mortgage Interest Rates (25 Nov 2014)

Arthur Spring: 194. To ask the Minister for Finance if his attention has been drawn to the net income margin being generated from variable rate mortgages within all banks in which the State is a stakeholder; and if he will make a statement on the matter. [44932/14]

Written Answers — Department of Public Expenditure and Reform: Severe Weather Events Expenditure (25 Nov 2014)

Arthur Spring: 207. To ask the Minister for Public Expenditure and Reform the amount of money drawn down by Kerry County Council for damages to coastal areas due to storm damage in the early part of 2014; and if he will make a statement on the matter. [44830/14]

Written Answers — Department of Children and Youth Affairs: Child and Family Agency Research (25 Nov 2014)

Arthur Spring: 302. To ask the Minister for Children and Youth Affairs the research undertaken by Tusla to examine best practice models for service delivery to survivors and victims of sexual abuse; and if he will make a statement on the matter. [44870/14]

Written Answers — Department of Children and Youth Affairs: Domestic Violence Services Funding (25 Nov 2014)

Arthur Spring: 303. To ask the Minister for Children and Youth Affairs his plans to change the current system of funding and services provision of rape crisis centres; and if he will make a statement on the matter. [44872/14]

Written Answers — Department of Education and Skills: Industrial Disputes (25 Nov 2014)

Arthur Spring: 423. To ask the Minister for Education and Skills if her attention has been drawn to a dispute between workers and contractors involved in the construction project at Kishoge community college; and if she will make a statement on the matter. [44857/14]

Written Answers — Department of Transport, Tourism and Sport: Motor Tax Exemptions (25 Nov 2014)

Arthur Spring: 567. To ask the Minister for Transport, Tourism and Sport if he believes vintage vehicles are not the cause of road traffic accidents in the main; and his further views on providing a special national car test dispensation for these vehicles in the future as they are largely used for appropriate recreation and fund-raising activities. [44927/14]

Written Answers — Department of Justice and Equality: Garda Recruitment (20 Nov 2014)

Arthur Spring: 69. To ask the Minister for Justice and Equality if she will provide an update on the recruitment plans for An Garda Síochána; and the timeframe for such recruitment. [44574/14]

Written Answers — Department of Social Protection: Carer's Allowance Appeals (18 Nov 2014)

Arthur Spring: 132. To ask the Minister for Social Protection the options available in respect of a person (details supplied) in view of the fact that their appeal to backdate carer's allowance was refused; and if further information provided by the applicant will be considered. [43862/14]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: Sixty-four basis points is extraordinarily high relative to-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: Administration.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: I am trying to get behind this issue. I have tabled a couple of parliamentary questions to get the information.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: I thank Mr. Duffy. We are all very conscious of the sale of the bank. How is the bank going about it? Where is the valuation? When will we be in a position to talk to institutional investors and look at how they will go about it? Will there be an initial public offering from scratch again? What will happen? What will be involved in this process? I hope we are not heading for another...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: I will not ask the delegates to comment on other institutions. Given that they are dealing with the balance sheet and prudential losses, etc., I am perplexed about why they are not yet in a position to know what is the bank's share value. One of the bank's main competitors in the market has a share value. Is there a relatively-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: Would it be fair to say that currently there is not a level of certainty about the true value of the business that the bank hopes to have this time next year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: Are they taking a valuation of how the contingent losses are built in?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: Does AIB's preferred way of realising the value in the bank involve one institutional investor, or multiple institutional investors? How does the bank see this playing out?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: AIB (13 Nov 2014)

Arthur Spring: I thank the delegates for their time and ask them to keep up the good work.

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