Results 46,641-46,660 of 49,836 for speaker:Stephen Donnelly

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: The Vice Chairman can do so, and I will comment later.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: I have a final question, on equity funding. Has either organisation tried to measure the demand for equity funding in Ireland at present that has not been met?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: That is approximately €305 million per year. How much of that is currently being met?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: Is there unmet demand for equity financing at present?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: If the sum is approximately €300 million per year-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: Does Ms Breheny have a sense of what the market could take based on reasonable investments rather than crazy ones?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: Would it be five or ten times that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: I thank the witnesses for their time. There are some obvious advantages to CMU. Transaction costs are reduced, competition is increased - in theory, anyway - and the end consumers, be they SMEs, large organisations or citizens, should see the advantages of that through lower prices and lower costs of financing. There is also an obvious danger, however. I do not know if the committee is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: Is the witness concerned that the CMU is going to lead to hot money? In his view are the safeguards adequate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: I agree that the question about quantitative easing is what happens when the ECB turns off the tap. When the Fed turned off the tap, it did not go so well. However, it is not just about that. If CMU is in place in four years' time, this would be round 1 of quantitative easing. We have just started another asset price bubble and the ECB will fuel a bubble through quantitative easing....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: Will this translate into lower borrowing costs for consumers, mortgage holders and SMEs in Ireland in the coming years? If so, what sort of quantum do the witnesses think we might be talking about?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: In Mr. Lardner’s case, does he see it as reducing the yields? I guess that is the analogy.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: I thank both witnesses. I have raised a matter at all of today's sessions. When I read through the Green Paper, it worried me because it was intellectually weak and there was no counterfactual analysis or risk assessment. It felt like it was written by a cheerleader for free capital markets. Obviously, reducing transaction costs is good and diversifying sources of funding is useful....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: The people who were here earlier today were speaking about the fact that this would diversify risk, there would be securitisation and so forth. It was like being in America in the early 2000s. It was the same conversation: "We will make it easier and we will make the markets more efficient. The markets know how to allocate risk and everything will be good." It is unsettling to listen to...

Water Charges: Motion (Resumed) [Private Members] (25 Mar 2015)

Stephen Donnelly: There is a lot of politics in the Chamber this evening, as well as a lot of emotion, as one would expect in a debate on water charges. It is clearly going to be a key issue in the next election. However, I would like to revisit some of the facts because the numbers tell us pretty much everything we need to know about Irish Water. The money raised from water charges will at most cover...

An Bille um an gCúigiú Leasú is Tríocha ar an mBunreacht (Aois Intofachta chun Oifig an Uachtaráin) 2015: An Dara Céim - Thirty-fifth Amendment of the Constitution (Age of Eligibility for Election to the Office of President) Bill 2015: Second Stage (25 Mar 2015)

Stephen Donnelly: The legislation before the House seeks to put a referendum to the Irish people to lower the age of eligibility for election to the Office of President. I will be supporting the Bill and supporting a "Yes" vote in the referendum. The Constitution sets the minimum age of eligibility for a person to run for President in the Republic at 35 years. De Valera when he was explaining this stated...

An Bille um an gCúigiú Leasú is Tríocha ar an mBunreacht (Aois Intofachta chun Oifig an Uachtaráin) 2015: An Dara Céim - Thirty-fifth Amendment of the Constitution (Age of Eligibility for Election to the Office of President) Bill 2015: Second Stage (25 Mar 2015)

Stephen Donnelly: One initiative the Government undertook to its credit, in the face of this damaging and unhealthy centralisation of power and control freakery, was the convening of the Constitutional Convention. It was a good idea and it seems to have been very well run. The Government should be congratulated for doing that and we should have more of such conventions. However, it is regrettable that...

Written Answers — Department of Social Protection: One-Parent Family Payments (24 Mar 2015)

Stephen Donnelly: 228. To ask the Minister for Social Protection her views that the current payments under the one-parent family payment are suitable for those who are attempting to pay childcare costs; and if she will make a statement on the matter. [11857/15]

Written Answers — Department of Finance: Legislative Programme (11 Mar 2015)

Stephen Donnelly: 58. To ask the Minister for Finance if he will provide data on all legislation enacted by his Department since March 2011; and the total number of amendments tabled by him. [10638/15]

Written Answers — Department of Public Expenditure and Reform: Legislative Programme (11 Mar 2015)

Stephen Donnelly: 69. To ask the Minister for Public Expenditure and Reform if he will provide data on all legislation enacted by his Department since March 2011; and the total number of amendments tabled by him. [10643/15]