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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: That is fair enough, but members have not seen the letters. Consequently, I can only make suggestions because Mr. Duffy claims these 5,894 letters make up part of the long-term sustainable solutions. I put it to him that under the regulatory regime announced and imposed on his bank, it must be a long-term solution. However, a letter to a customer asking him or her to engage is not a...

Topical Issue Debate: Hospitals Funding (28 Jan 2016)

Pearse Doherty: ...announced to the House is that these facilities will be considered in the context of planning for short-stay rehabilitative, respite, step up and step down facilities. What the communities want is long-stay beds kept in their area. This is what they want. People have been going to St. Joseph's for generations. It is what is colloquially called the county home. People will not accept...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of Financial Services and Pensions Ombudsman Bill 2016 and Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Discussion (27 Oct 2016)

Pearse Doherty: I refer to the section on the right to complain to the ombudsman. The new three-year provision will apply to long-term products, yet there is no definition of "long-term product" in the heads of the Bill. There is a definition of a "long-term financial service", which is defined as one that "exceeds 6 years and is not subject to annual renewal". I take it that the product will be the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Ulster Bank (4 Sep 2013)

Pearse Doherty: ...penalty and it is clear the banks have met the target in the easiest way possible, namely, non-engagement and the sending out of a legal letter. Moreover, Ulster Bank itself expects this is not a long-term solution because it expects the threat of repossession will not materialise in the majority of cases. I wish to ask a question of Mr. Brown. When I spoke of the target, he talked of...

Topical Issue Debate: Hospitals Funding (28 Jan 2016)

Pearse Doherty: ...hospitals to bring them up to HIQA standards so that they are able to be licensed post-2021 but it is not a positive news story in certain areas. The community will not stand for the ending of long-stay beds in Ramelton, Lifford and St. Joseph's community hospitals. I want to be clear because we have been speaking to people working within those institutions and communities on the ground...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Pearse Doherty: How long have these tax evaders been allowed to make voluntary disclosures, meaning that the measures that are currently there do not apply to them, as will be the case until 1 May? How long has that regime existed?

Written Answers — Department of Health: Departmental Schemes (6 Dec 2022)

Pearse Doherty: 535. To ask the Minister for Health the reason that long-term illnesses such as Crohn's disease and ulcerative colitis are not included in the long-term illness scheme; if he will review this practice; and if he will make a statement on the matter. [60225/22]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Pearse Doherty: ...none of them involve a reduction in interest across the entire period of the loan. They are short-term solutions. It is my understanding that the Central Bank will not accept interest-only as a long-term solution, in particular not of the magnitude presented. If Mr. Boucher could suggest that interest-only would be a long-term solution and there is a genuine belief by the bank that for...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Regulation of Lobbying (Amendment) Bill 2022: Discussion (19 May 2022)

Pearse Doherty: The point is that there is a long list here and it has been repeatedly requested by the commission. Rather than going through the long list, perhaps Ms Cassidy could outline the top three most important. If the Government were to commit to doing three more, which three would be most important to implement?

Committee on Budgetary Oversight: Local Property Tax and Commercial Stamp Duty: Department of Finance (16 Jan 2018)

Pearse Doherty: I will revert to the question. How long does the Department expect it to continue? Mr. Hogan's statement says "it seems reasonable to expect this level of activity is sustainable and for it to continue". How long is it expected to continue? Is it that we will get over 2018, we will have €9 billion of property transactions, we will meet the target and it will then drop back to what...

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

Pearse Doherty: What ... how long did the guarantee's effects last? We've heard from again witnesses that they had ... they had disappeared by the end of that year, by December, I think, from a former Taoiseach, or a Minister. Sorry, I'm not sure which one may have said it. But how long did the liquidity ... did the guarantee provide the type of access to liquidity that the banks needed?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)

Pearse Doherty: I understand the difficulties that are inherent to long-term forecasts but the IMF has produced long-term forecasts on the structural deficit for the years after 2015. I do not have the figures to hand but it has suggested that the structural deficit in 2016 and 2017 will be considerable. Could the Minister comment on that? I know it is contrary to other advice and the Minister mentioned...

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Pearse Doherty: Okay. And can you enlighten the committee - without, obviously, breaching Cabinet confidentiality - of the difficulties, or otherwise, of having the Cabinet meeting convened by telephone? And how long did it take? When did it start? How long was the process before all Cabinet members signed off? Were there difficulties or not? Was there a consideration of having a Cabinet meeting,...

Written Answers — Department of Health: Hospital Accommodation Provision (2 Feb 2016)

Pearse Doherty: 416. To ask the Minister for Health the number of long-term stay beds in operation at Lifford community hospital, at Saint Joseph's community hospital and at Ramelton community hospital in County Donegal; the number of these beds which will close as a result of plans to remove long-term residential care at these units to a new community nursing unit in Letterkenny; how many additional beds...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank (4 Oct 2018)

Pearse Doherty: ...holiday as well. The problem is that these vultures have no interest in the type of restructuring in which some of the main banks engage. Vultures have short-term interests whereas banks have a long-term interest. They want people's deposits, people's children's accounts, student accounts and so on. That is why we expect it to be safer for individuals to be with institutions that are...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with Governor of the Central Bank (21 Oct 2020)

Pearse Doherty: Surely the Governor understands the difference between a retail bank which has a long-term interest in new activity in the Irish market and a vulture fund like Cerberus, which is looking at breaking up loans, disposing of assets and exiting the market as quickly as possible. Bank of Ireland or AIB could do exactly what Cerberus would plan to do but their interest is long-term as opposed to...

Committee on Budgetary Oversight: ESRI Report on Ireland and Brexit: Discussion (10 Apr 2019)

Pearse Doherty: There has been a long lead-in to Brexit and we are all aware of the machinations in Westminster and the news flowing out of various Council meetings. How likely is it that the markets have already priced this in and that the biggest disruption will be caused by a shock, an unprecedented or unexpected event? Given that there has been a long lead-in to a possible no-deal Brexit, is it...

Other Questions: Insurance Costs (11 Jul 2018)

Pearse Doherty: As I outlined last night, there have been huge delays in the implementation of the report. One of the biggest criticisms I had at the time of the report is that everything seemed to be long fingered, but even that long fingering has now resulted in a further long fingering in respect of the national claims information database and issues relating to premiums. What the Minister of State...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Pearse Doherty: ...failed. Even today across the financial institutions, one in four restructurings are failing. In the past almost half of all restructurings were failing. The point is that the Central Bank no longer wants short-term restructurings; it wants long-term restructuring. If, for example, one third of these offers are interest only, is Mr. Mason convinced that the Central Bank will accept...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Pearse Doherty: ...the restructuring of the promissory note. One of the suggestions involves the use of the ESM, although it is very unlikely, given what the Germans and others have said, or another agency for a long-term bond. This would mean that the €25 billion in capital the bank requires could be front-loaded as a long-term bond. If that was to happen, has the bank calculated how quickly it...

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