Results 341-360 of 4,002 for speaker:Rose Conway Walsh

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: The standard variable rates, SVRs, are as high as 4.3%. How much would a 0.3% decrease in that rate cost the bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: Following the stress tests, one is tempted to ask whether Ulster Bank is not going to be a cash cow for the RBS for the foreseeable future. Will the fact that the RBS failed the stress test lead to more dividend requests from this country? What confidence can Ulster Bank customers have today that, should RBS run into difficulty, Ulster Bank will not be sold off straight away for cash for RBS?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: I am interested to know if it will have a knock-on effect on Ulster Bank, as it is based here. What protections does Ulster Bank have such that the entity in Ireland will not be forced into a certain position, particularly with the uncertainty around Brexit and what that might mean for RBS even in the next 12 or 24 months?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: The Central Bank would probably have an oversight there. I need to move on to a few more questions. Do I have enough time?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: I believe Ulster Bank is in the process of restructuring and downgrading its risk assessment and oversight procedures. I ask Mr. Mallon to confirm that the following points are true. Is Ulster Bank halving the risk-support manager role? As a follow-up, is it getting rid of the team leader in each branch? The team leader was in charge of risk control, compliance and auditing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: Is Ulster Bank halving the risk-support manager role?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: The difficulty is that the work of the team leader is being put on the branch manager and the branch manager is judged by sales, which means there is a direct conflict with his or her role, with risk control compliance on the one hand and generating more sales - probably riskier sales - on the other hand.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: Can Mr. Mallon give me assurances that all the existing Ulster Bank branches will remain open?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: So Mr. Mallon cannot give me an assurance that all branches will remain open. Have branches been identified for closure? Has Ulster Bank rural-proofed its plans in terms of its technical innovation drive?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: Has Ulster Bank rural-proofed its plans in terms of offering a banking service to rural customers? Obviously, if branches are to be closed it is normally the more rural ones that are closed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Rose Conway Walsh: This is a big issue we will be addressing within our report. I think excluding cohorts of customers particularly in rural areas will form part of it. It seems that Ulster Bank is going along the same lines of other banks in trying to force customer behaviour to maximise profits for the shareholders. That is an observation that we will address in the report.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Costs of Business Insurance: Discussion (1 Dec 2016)

Rose Conway Walsh: I thank the delegates for coming. As I used to run a pub in London, I know a little about bars. It is hugely important that the delegates are here and that we hear from them because while we have focused on motor insurance, I have always said there are the same fundamental conditions in other areas of the non-life insurance market. There have been increases in the cost of insurance for...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Costs of Business Insurance: Discussion (1 Dec 2016)

Rose Conway Walsh: Today we are focusing on businesses as claimants. Will the two associations tell us about their experiences as claimants? Has there been any change in the attitude of insurers when ones make a claim, for example, for damage caused by fire or flooding? Are there ongoing concerns that insurers are reluctant to pay out and seeking not to pay based on technicalities?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Costs of Business Insurance: Discussion (1 Dec 2016)

Rose Conway Walsh: The Licensed Vintners Association makes a good point that, despite what we might hear, there is actually very little evidence that higher claims costs or increases in legal fees are leading to higher premiums. I am not saying these are not factors but there has been a dramatic increase in premiums. The increase cannot be attributed to them, at least not in the whole. Has the delegation met...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Costs of Business Insurance: Discussion (1 Dec 2016)

Rose Conway Walsh: That is exactly what we are coming across in the motor insurance sector. Has Mr. O'Keeffe read the motor insurance report that we produced?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Costs of Business Insurance: Discussion (1 Dec 2016)

Rose Conway Walsh: He will then have identified some relevant comments within it that may be helpful.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Costs of Business Insurance: Discussion (1 Dec 2016)

Rose Conway Walsh: I fully agree with the focus on the need to empower the Injuries Board. That is a key demand in the report on motor insurance but it obviously has implications for the delegation. There is a fine line to thread here. For example, when we look at the book of quantum and the delegates' recommendations, we note the desire to bring the book into line with European norms. The book has been...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Costs of Business Insurance: Discussion (1 Dec 2016)

Rose Conway Walsh: I accept the clarification.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Costs of Business Insurance: Discussion (1 Dec 2016)

Rose Conway Walsh: I am extremely concerned about the future of pubs, particularly rural pubs, and the part they play in the community in addressing isolation and social exclusion. Burdens are being put on rural pubs, which have almost been forgotten about, in terms of trying to meet all the overheads. Mr. Cribben cited rates, the cost of which for pubs that do not have a high turnover is deplorable because...

Seanad: Order of Business (6 Dec 2016)

Rose Conway Walsh: I second Senator Nash's proposal. There was an incredible turn of events in this Chamber last week. For over a week, Fianna Fáil led us to believe that its Senators would support a Sinn Féin motion urging the Government to fulfil the call of the Constitutional Convention to hold a referendum to change the Constitution and allow people from the North and the Irish diaspora to vote...