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Committee on Budgetary Oversight: Fiscal Assessment Report: Irish Fiscal Advisory Council (8 Dec 2021)

Mairéad Farrell: Gabhaim buíochas leis. I thank Mr. Barnes. It is interesting to hear that. The reason I asked is that I am a member of two different committees that are very much focused on this matter. It is, therefore, topical and submissions need to be in by the end of the month. The report also notes the Commission on Pensions package of reforms and the council's concern with delays in...

Committee on Budgetary Oversight: Fiscal Assessment Report: Irish Fiscal Advisory Council (8 Dec 2021)

Mairéad Farrell: I also note IFAC's focus on the pension age and PRSI increases, but there does not seem to be much focus on the significant tax expenditure that occurs on private pensions. Originally, there were concerns raised, even by the troika, that such expenditure is benefiting high earners. I would be interested in the council commenting on why there is a lack of focus on this as well. I want to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Central Bank (8 Dec 2021)

Mairéad Farrell: Gabhaim buíochas leis na finnéithe as ucht teacht os comhair an choiste. Many of the questions I intended asking have already been asked. I will follow up on two issues. First, in relation to the conversation with my colleague, Deputy Doherty, I am interested in the powers available to the Central Bank. In Britain, the Financial Conduct Authority is able to take cases instead of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Central Bank (8 Dec 2021)

Mairéad Farrell: Does the Central Bank require extra powers to do what the FCA does? I am not saying whether it should or should not do it. I am just asking if the Central Bank would require additional powers?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Central Bank (8 Dec 2021)

Mairéad Farrell: Is Dr. Cassidy saying that it will take years for that information to be in the NCID? Is he saying that the Central Bank will be able to look at the trends in premiums but not euro-for-euro changes?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank (8 Dec 2021)

Mairéad Farrell: I apologise. I sometimes have issues with sound, as the Chairman knows. Gabhaim buíochas leis na finnéithe as teacht os comhair an choiste. I am interested in the non-performing loans. The witnesses did not give any indication in their opening statement as to the ultimate fate of the non-performing loan book. Many customers are understandably anxious about the entity that will...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank (8 Dec 2021)

Mairéad Farrell: Can Ms Howard indicate when the bank will have to deal with the non-performing loan sale? We hope people will engage.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank (8 Dec 2021)

Mairéad Farrell: In November 2019, the deputy governor of the Central Bank stated at the national retail banking conference of the Banking & Payments Federation Ireland, BPFI, that "the Central Bank is still having to push banks and non-banks too hard to take a customer centric approach to resolving arrears". He made clear that the Central Bank does not have a preference for loan sales but for...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank (8 Dec 2021)

Mairéad Farrell: That was my next question. Ulster Bank has to provide evidence to the Central Bank that it has examined all the various options. Ms Howard stated Ulster Bank comes to some kind of agreement with four out of five of those who engage with it. On those agreements, what are the preferred arrangements to keep people in their homes? Does Ms Howard have a breakdown?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank (8 Dec 2021)

Mairéad Farrell: On capital requirements, over the past couple of months, there has been a good bit of commentary on the return on equity and capital requirements that characterise the banking sector here. We have seen from research that risk-weighted assets attributed to Irish banks were significantly affected by the legacy of the crash, with a subsequent impact on the return on equity and even the mortgage...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank (8 Dec 2021)

Mairéad Farrell: My final question is on the status of the 600 jobs in the North. Will they be directly affected by the withdrawal of Ulster Bank here in the South? Have new rules been identified for the staff? Can the delegates give a commitment to the staff that their jobs are secure?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market: Engagement with Ulster Bank (8 Dec 2021)

Mairéad Farrell: While it would be good to keep us updated, obviously, the most important thing is to keep the workers updated. That concludes my questions.

Written Answers — Department of An Taoiseach: Protected Disclosures (7 Dec 2021)

Mairéad Farrell: 115. To ask the Taoiseach the number of protected disclosures made to him concerning his Department and bodies under its aegis in 2018, 2019 and 2020. [59920/21]

Written Answers — Department of Enterprise, Trade and Employment: Protected Disclosures (7 Dec 2021)

Mairéad Farrell: 126. To ask the Minister for Enterprise, Trade and Employment the number of protected disclosures made to him concerning his Department and bodies under its aegis in 2018, 2019 and 2020. [59909/21]

Written Answers — Department of Communications, Climate Action and Environment: Protected Disclosures (7 Dec 2021)

Mairéad Farrell: 143. To ask the Minister for Communications, Climate Action and Environment the number of protected disclosures made to him concerning his Department and bodies under its aegis in 2018, 2019 and 2020. [59910/21]

Written Answers — Department of Transport, Tourism and Sport: Protected Disclosures (7 Dec 2021)

Mairéad Farrell: 165. To ask the Minister for Transport, Tourism and Sport the number of protected disclosures made to him concerning his Department and bodies under its aegis in 2018, 2019 and 2020. [59922/21]

Written Answers — Department of Finance: Protected Disclosures (7 Dec 2021)

Mairéad Farrell: 199. To ask the Minister for Finance the number of protected disclosures made to him concerning his Department and bodies under its aegis in 2018, 2019 and 2020. [59911/21]

Written Answers — Department of Public Expenditure and Reform: Pension Provisions (7 Dec 2021)

Mairéad Farrell: 218. To ask the Minister for Public Expenditure and Reform the full administrative costs of administering Exchequer pensions from the 18 votes from which pension expenditure is made, disaggregated by vote in 2018, 2019 and 2020. [59904/21]

Written Answers — Department of Public Expenditure and Reform: Protected Disclosures (7 Dec 2021)

Mairéad Farrell: 219. To ask the Minister for Public Expenditure and Reform the number of protected disclosures made to him concerning his Department and bodies under its aegis in 2018, 2019 and 2020. [59917/21]

Written Answers — Department of Culture, Heritage and the Gaeltacht: Protected Disclosures (7 Dec 2021)

Mairéad Farrell: 225. To ask the Minister for Culture, Heritage and the Gaeltacht the number of protected disclosures made to her concerning her Department and bodies under its aegis in 2018, 2019 and 2020. [59921/21]

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