![]() Posts, comments and submissions available. Users are reminded that they are fully responsible for their ownĬreated content and their own posts, comments and submissions and fully and effectively warrantĪnd indemnify Journal Media in relation to such content and their ability to make such content, Journal Media does not control and is not responsible for user created content, posts, comments, Wire service provided by AFP and Press Association. Irish sport images provided by Inpho Photography You can obtain a copy of theĬode, or contact the Council, at PH: (01) 6489130, Lo-Call 1890 208 080 or email: images provided by Press AssociationĪnd RollingNews.ie unless otherwise stated. Ombudsman, and our staff operate within the Code of Practice. The Journal supports the work of the Press Council of Ireland and the Office of the Press The chief executive of Permanent TSB (PTSB), which has not paid dividends shareholders since before the financial crisis, said the bank is still 'years away' from returning. ![]() Pearse Doherty is a Donegal TD and Sinn Féin spokesperson on Finance. It is time that those in high finance who break the rules are held to account. That means the NTMA, and yes, even those banks in which the State has a stake, must cut loose from Davy until those who broke the rules face consequences. We cannot permit any individual or organisation that puts personal gain above the rules to have any involvement in the assets and liabilities of the State. Unless and until individuals at the top of Davy are held accountable for their actions, the State must cut all ties. In the meantime, we must use every tool at our disposal to ensure that there are consequences for those who think they can break the rules to line their pockets. We need the legislation published immediately so that those at the top of the financial sector can be held accountable for their actions.Ĭut all ties with Davy until individuals are held to account Over three years later and the government still has not published the legislation, revealing how low individual accountability is down Fine Gael’s list of priorities. ![]() It is something we in Sinn Féin have been calling for for years. More than three years ago the Central Bank called for a Senior Executive Accountability Regime, underpinned by law so that the top brass in the financial industry can be held to account when they break the rules. While Fianna Fáil has pledged to introduce laws for vulture funds to be fully regulated, Davy said that the political opposition could result in the state-owned bank getting less money than expected from the loan sale.New Central Bank rules mean moneylenders must place warnings on high interest loans They say the loans will likely be sold to vulture funds, which they say and will likely accelerate repossessions against homeowners genuinely trying to make their mortgage repayments.ĭavy Stockbrokers pointed to the statement released yesterday by Permanent TSB, which said that people whose mortgages stand to be sold will still have consumers protections. While PTSB claimed that most of the loans would typically be owned “by customers who have not engaged with the bank”, several politicians have tried to halt the sale. However, it launched a fierce criticism of the political controversy which has engulfed the sale, due to the fact that loan book includes borrowings attached to 14,000 private dwelling homes. ![]() In a briefing note published this morning, Davy Stockbrokers said PTSB’s plan to offload €3.7 billion of non-performing loans grouped in a bundle known as Project Glas would “significantly accelerate PTSB’s recovery as a retail challenger”. STRONG POLITICAL OPPOSITION to Permanent TSB’s planned loan sale has been slated as ‘cheap point-scoring’ that could result in a worse deal for the bank and its taxpayer owners. Reporter, Fora February 21st 2018 3 min read ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |