Results 5,581-5,600 of 35,567 for speaker:Pearse Doherty
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: That answers my next question, on the term limits. The transitional panel, which will apply for three years, will provide a continuation of service. Is the panel populated at different stages? Is the Minister taking 24 off and putting 24 on? Is there a process involving different term limits? If all the members are getting an extension of three years, does that not create an issue? Will...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: Yes.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: I appreciate that. The Minister referred to the exact intention behind the questions. Subsection (4) allows the Minister to appoint for a specified period. What is the practice regarding that period? I see there are no limitations on rolling over and reappointing. Is there any other legislation that applies?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: That would mean all of them would have to be on their first term if the transitional panel is to be appointed for another three years.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: That takes me back to the earlier point on rolling on and off. Are we moving everybody at the same time? The panel does not operate as a board, as such.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: The panel comprises individual members from which the Minister draws anyway-----
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: So it is not a committee or decision-making body in itself.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: There is no leader or chairperson of the panel; it is just individual members that the bank draws from.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: Exactly.The term is four years. Is it a remunerated position? Is that what subsection (7) is dealing with in terms of contracts of service?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: Does being drawn from the panel entail remuneration? Does the bank enter into a contract of service if a person is drawn from the panel to be a member of the inquiry?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: I presume those are the going rates.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: So the Minister may appoint individuals to the panel after a process conducted by the bank, and the bank consults the Minister. Am I correct that the bank goes through a process, identifies a wide range of individuals who have the necessary qualifications, scope and breadth to deal with any issue that may arise, and speaks to the Minister on the pool it is putting forward? Ultimately, the...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: How does a conflict of interest arise? It is a small island, particularly when we are dealing with individuals.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: The Minister will just appoint to the panel. At that time, he or she will not be able to figure out if there is a conflict of interest. The individual-----
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: Yes, the Central Bank.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: How many individuals will be appointed from the panel to conduct an inquiry? There will be a chair and what else?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: Where in the Central Bank is this decision taken? Who has the responsibility? Is it the head of regulatory-----
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: I appreciate the Minister going through this with the committee. I ask him to explain section 33BI(7), which relates to a contract of service or a contract for services.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: This relates to the external members of the panel, the 24 who are already there and will now make up the new transitional panel. Are there internal members of the panel? What is the process of appointment for internal members of the panel?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: If there is an inquiry, is there a requirement to have a mix of external and internal members?