Results 2,881-2,900 of 7,061 for speaker:Rose Conway-Walsh

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: Any changes to that would have to be done by legislation.

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: It would, yes. The future-proofing document states there are numerous examples of advanced countries establishing sovereign wealth funds to build a fiscal buffer. Are there any international examples of states establishing reserve funds or other forms of fiscal buffers that are stored in the debt issued by the same state?

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: I am trying to get at how they are stored.

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: Just in other countries, are there are examples of how the sovereign wealth funds are stored?

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: Yes, and I have that part of it. The fund we have at the moment is held solely in Irish sovereign debt in the form of Exchequer notes, is that correct?

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: Were we to draw down the funding of any type from the National Reserve Fund, say in exceptional circumstances, would it require cashing in some or all of the Exchequer notes? Are they redeemed by the Irish State or is there a secondary market for those notes?

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: Okay.

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: In the context of the corporation tax increase from €11 billion to €22.5 billion, is there any correlation with productivity in the multinationals? Are measurements being done to explain why? In terms of pharmaceuticals, there was an increase during Covid-19 and all of that but do we have any measurements?

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: I thank Mr. McGann.

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: So, it has nothing to do with the OECD changes and the global taxation changes?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Defective Block Redress: Redress Focus Group for Banking and Insurance (5 Jul 2023)

Rose Conway-Walsh: I thank the witnesses for attending. This is an important meeting. I come from County Mayo where many people are in a similar situation. It is clear that the scheme cannot work without the co-operation of the banks and their recognition that this is an abnormal situation. Trying to fit it into a normal bracket will never work. I am concerned. I have just come from Taoiseach's...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Defective Block Redress: Redress Focus Group for Banking and Insurance (5 Jul 2023)

Rose Conway-Walsh: In the witnesses' opinions, are the banks making extra money off the backs of the people impacted by pyrite and mica?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Defective Block Redress: Redress Focus Group for Banking and Insurance (5 Jul 2023)

Rose Conway-Walsh: I wish to ask about the valuation of the houses. When a bank comes out to value a house that people have applied to demolish, it might value it at €300,000 even though it is worth nothing but if the people want to use their own valuer to value it, the bank will say that they must pay to have that done. Could the witnesses speak to the conflict between €0 and €300,000...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Defective Block Redress: Redress Focus Group for Banking and Insurance (5 Jul 2023)

Rose Conway-Walsh: Exactly. I want to cover another couple of things about the independent engineers that I have raised with the Taoiseach as well, and I know we have discussed this a bit, to ensure nobody is coerced into partial remediation. I put that question to him, but again, he did not answer that. That would be one of the concerns for the Mayo homeowners as well, in that we are very clear that all of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Defective Block Redress: Redress Focus Group for Banking and Insurance (5 Jul 2023)

Rose Conway-Walsh: I am concerned as well that, where people in very restricted financial situations are desperate to get their homes in some kind of liveable position, that is where the coercion will take place. People who are fortunate enough to be able to afford it may be able to do the full amount, but if there is a link with somebody's financial circumstances, some people may be either blocked out of the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Defective Block Redress: Redress Focus Group for Banking and Insurance (5 Jul 2023)

Rose Conway-Walsh: Okay. I have to ask the witnesses, if they do not mind - it is not directly bank-related - but have any of them applied for the Sustainable Energy Authority of Ireland, SEAI scheme?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Defective Block Redress: Redress Focus Group for Banking and Insurance (5 Jul 2023)

Rose Conway-Walsh: Is Ms McDade coming up against a problem with the meter point reference number, MPRN? There are a lot of people excluded because-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Defective Block Redress: Redress Focus Group for Banking and Insurance (5 Jul 2023)

Rose Conway-Walsh: I am asking Ms McDade this because there is a particular problem where people have availed of the SEAI grant before, maybe years ago and during the scheme's original days, and that is attached to the MPRN. Now they are being refused for the scheme this time around because they have already availed of it. They are treating that as normal as well. Even though there is a promise of a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Defective Block Redress: Redress Focus Group for Banking and Insurance (5 Jul 2023)

Rose Conway-Walsh: That is exactly the situation I am talking about, where people are being refused on that basis where it is like for like. While some of the piping infrastructure may be reutilised, they are locked out of applying again, and that really has to be rectified. It is something my colleague Deputy Eoin Ó Broin is following up on as well to get that anomaly cleared. I have taken up quite a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Defective Block Redress: Redress Focus Group for Banking and Insurance (5 Jul 2023)

Rose Conway-Walsh: It is certainly not fact finding, and I can tell Ms Shovlin that as someone who has been dealing with the issue of pyrite in Mayo for about 12 years.