Results 521-540 of 4,002 for speaker:Rose Conway Walsh

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: Sorry?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: KBC did not pay any corporation tax.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: That will continue for another eight years.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: Another eight years. It is good if you can get it, is it not? Following on from the issue of repossessions, let us say KBC goes to court to get a repossession and the court order is granted. When it is executed, a State representative takes possession of the property and engages a private security firm. Will our guests explain this? In order for the bank to get the property back, the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: So, as citizens, we pay for the security and repossession up to the point the repossession has been achieved and then the bank takes over the cost of it from there. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: As citizens, we pay for the court proceedings and the service. We pay to get the property back to the bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: I think I will get a job in banking. I want to return to the issue of the prevailing rate. Were the terms "variable" and "tracker" interchangeable? In the context of contracts in 2005, at the end, the bank had a fixed rate that would roll on into a prevailing rate. What was the difference between the variable rate and the prevailing rate? For someone who was on a one-year fixed rate...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: Is Mr. D'Arcy saying the prevailing rate was the standard variable rate, not the tracker rate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: There are people who are deemed not to have been impacted on by the tracker mortgage debacle who have had to take their cases to the Financial Services and Pensions Ombudsman because there is confusion on what the standard variable rate was and what the tracker rate was.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: KBC does have a disagreement with individuals who are having their cases examined.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: If the rate is linked with the ECB rate, does that not make it a tracker rate? The ECB rate is being tracked for that element of the loan.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: At the time KBC offered a fixed rate, a variable rate and a mix and match of the two. Is that right?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: Will Mr. D'Arcy explain to me again the difference between the tracker rate and the standard variable rate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: If the rate was linked with the ECB rate, it would have been a tracker rate. Is that so?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: I want to talk to the delegates about lending. The mortgages of many people I come across have been sold. They might have good loan-to-value ratios, but they are not being allowed any other finance. What is KBC's policy when dealing with customers who have had their loans sold and have healthy portfolios? What is its treatment of such customers?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: Can Ms Deering say with certainty that there is no policy or written communication within the bank on how anyone whose loan has been sold should be treated?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: While there have been some reductions in the fixed rates on offer, KBC's standard variable rates remain stubbornly high. We have seen this with other banks too, whereby customers are encouraged to move to a fixed rate. Obviously, they should do so where they can, but there is a danger that banks are effectively removing the choice of a variable rate from customers in the long term. Is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Rose Conway Walsh: No. I ask Mr. Roebben in his new role - and I wish him well with it - to look at the prevailing rates again and what was happening in 2000 and 2006 and people's contracts at that time. I believe there is an issue there with the prevailing rates and what was described as a tracker rate and what was described as a standard variable rate. I ask Mr. Roebben to look at this issue.

Seanad: An tOrd Gnó - Order of Business (16 May 2019)

Rose Conway Walsh: Like many others, I welcome the move by the Government to rectify the 2012 changes to the pensions and the recalculation process. As in many other announcements, however, there has been a lack of clarity about the timescale. Thousands of people around Mayo have been affected by this and have suffered drastic cuts to their pensions. They find as they come up to pension age that they are not...