Results 81-100 of 3,462 for speaker:Jennifer Carroll MacNeill

Committee on Public Petitions: Reform of Insurance for Thatched Heritage Buildings: Discussion (30 Nov 2023)

Jennifer Carroll MacNeill: What is probably the most significant insurer at the moment has indicated its continued participation in the market. There is support for the report by the Minister of State, Deputy Noonan. The fire risk is significant; there is no question about it. To the extent that this risk can be mitigated, a thatched-roof property with radiators is very different from a thatched building with a...

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: This was an amendment to section 67 which was no longer needed because it was dealt with by an amendment to section 17. It is a simply a tidying up and rebalancing. There were a number of matters the Deputy asked me about on Committee Stage, which I will be happy to address on Fifth Stage if he wishes.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I will, if that is okay. I thank the Deputy for his support on the passage of this Bill. I know he acknowledges the importance of it to the sector. The sector is very encouraged by the broad support in the House for the credit union sector and for legislation that will enable it to provide much more support and financial services to the people of Ireland. This is very significantly...

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: He asked me about the oversight by the Oireachtas of the Minister in setting the maximum interest rate in the legislation. We had a very good discussion about that on Committee Stage. I would point out that there are a number of safeguards in section 38 that replicate similar provisions for ministers for finance in other areas in relation to the setting of rates or levies generally....

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: He raised the effect of that on credit unions. Just this week I met the two deputy governors of the Central Bank. I raised the need to perform timely reviews with them and said I was concerned that the review period was migrating towards five years between the establishment of the regulations and having the review. I have also made this view very clear and plain to the Governor of the...

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I move amendment No. 9: In page 29, line 34, to delete “7. Determination” and substitute the following: “6. Determination”.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I move amendment No. 10: In page 29, line 36, to delete “8. Provision” and substitute the following: “7. Provision”.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I move amendment No. 11: In page 30, line 1, to delete “9. The” and substitute the following: “8. The”.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I move amendment No. 12: In page 30, line 4, to delete “10. Provision” and substitute the following: “9. Provision”.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I move amendment No. 13: In page 30, line 5, to delete “11. Provision” and substitute the following: “10. Provision”.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I move amendment No. 14: In page 30, line 7, to delete “12. Whether” and substitute the following: “11. Whether”.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I move amendment No. 15: In page 30, line 12, to delete “13. Provision” and substitute the following: “12. Provision”.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I move amendment No. 16: In page 30, line 14, to delete “14. Provision” and substitute the following: “13. Provision”.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: It was my predecessor, Deputy Fleming.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I thank the Deputy. It is with great pleasure that I thank my predecessor, the Minister of State, Deputy Fleming, for his work in developing this legislation and introducing it in the Seanad. I thank the officials for their extraordinary work over some time, particularly Catherine, who has been engaged in every single consultation with the credit union sector for some years. I see Kevin...

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: No. As far as possible, at every turn, it is about enabling. This is a clarification amendment that was sought by the credit unions. It is for the purposes of clarification more than anything else.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I move amendment No. 2: In page 11, to delete line 15. The amendment is grouped with all the amendments in group one. As raised on Committee Stage, these are amendments to section 67 and related amendments to section 17 of the principal Act that will assist credit unions in modernising their membership review and approval processes. These amendments will allow each credit union board...

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I move amendment No. 3: In page 11, to delete line 34 and substitute the following: “within that category.”, and (k) by the insertion of the following subsection after subsection (8): “(9) A credit union shall— (a) in the case of a credit union registered before the commencement of section 9(k)of the Credit Union (Amendment) Act 2023, not later than 6...

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I move amendment No. 4: In page 15, to delete lines 15 to 24 and substitute the following: “ “(d) in accordance with a loan approval process which has been approved by the board of directors.”,”. The amendment is grouped with all the amendments in group two. As referred to on Committee Stage, these are amendments to section 36 and a related amendment to...

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: Amendment No. 4 relates to a loan approval process that has been approved by the board of directors. In the past, credit unions had to spend too much time reviewing and affirming processes that are straightforward, which had to be approved by a physical board at every turn. That is too onerous for a board of directors, especially where we are trying to encourage more volunteers, streamline...