8 Aib 2014, 15:00
The Committee on Finance, Public Expenditure and Reform will continue its hearings on mortgage arrears with the four main banks tomorrow, Wednesday, 9th April, 2014 when it meets with Jeremy Masding, Chief Executive of Permanent TSB and David Duffy, Chief Executive of Allied Irish Bank.
The schedule for the meeting is:
Session A: 10 am - Jeremy Masding, Chief Executive of Permanent TSB
Session B: 2 pm - David Duffy, CEO, Allied Irish Bank
Committee Chairman Ciarán Lynch TD said: “Tomorrow we will again focus on the issue of mortgage arrears and the resolution process to deal with the issue of arrears by providing long-term solutions. Committee Members will have an opportunity to examine how both AIB and Permanent TSB are meeting their targets of providing sustainable mortgage solutions for distressed borrowers and dealing with the new insolvency legislation and the Insolvency Service of Ireland.
“It will also be an opportunity for committee members to get an update from both banks on their general lending policies, in particular how the banks are engaging with new mortgage lending and how they are responding to meeting the needs of prospective homebuyers, while we will also be keen to be brought up to date on the banks’ commercial lending policy and providing credit to SMEs and small firms.”
This meeting will start at 10am on Wednesday, 9th April 2014 in Committee Room 4, Leinster House 2000.
Committee proceedings can be followed live here.
Committee proceedings can also be viewed on the move, through the Houses of the Oireachtas Smartphone App, available for Apple and Android devices.
Media Enquiries to:
Ciaran Brennan,
Houses of the Oireachtas,
Communications Unit,
Leinster House,
Dublin 2
P: +3531 618 3903
M: 086-0496518
F: +3531 618 4551
Committee Membership
Deputies
Richard Boyd-Barrett, People Before Profit
Michael Creed, Fine Gael
Pearse Doherty, Sinn Fein
Regina Doherty, Fine Gael
Stephen Donnelly, Independent
Timmy Dooley, Fianna Fáil
Alan Farrell, Fine Gael
Sean Fleming, Fianna Fáil
Simon Harris, Fine Gael
Joe Higgins, Socialist Party
Heather Humphreys, Fine Gael
Kevin Humphreys, Labour Party
Mary Lou McDonald, Sinn Fein
Ciarán Lynch, Labour Party (Chairman)
Michael McGrath, Fianna Fáil
Dara Murphy, Fine Gael
Kieran O’Donnell, Fine Gael
Aodhán O Ríordáin, Labour
Arthur Spring, Labour Party
Brian Stanley, Sinn Féin
Liam Twomey, Fine Gael
Senators
Sean D Barrett
Thomas Byrne
Paul Coghlan
Michael D’Arcy
Aideen Hayden
Tom Sheahan