Results 9,521-9,540 of 36,274 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Pearse Doherty: "Some time" has been four and a half years. It is four and a half years since the Central Bank stated it needed these powers. It has taken four and a half years for the Minister to produce not even the legislation but the heads of the Bill. It has taken four and a half years of engagement with the Central Bank and legal counsel. I simply do not believe that. If it takes four and a half...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Pearse Doherty: I can explain it to the Minister.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Pearse Doherty: When the Government wants to rescue the banks, it can be done overnight.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Pearse Doherty: I was just trying to clarify the point.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Pearse Doherty: I am not trying to shout down the Minister. I was trying to offer him the rationale behind my point. He said he did not understand why I mention the nationalisation of a bank overnight and I was trying to explain the reason. I will take a minute to further explain why I used that example. When it comes to trying to rescue banks or bail out bankers, it can happen overnight. It has...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Pearse Doherty: On this legislation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Pearse Doherty: It is not the point.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Pearse Doherty: That is exactly what this needs to be. Everybody knows there were fines levied against the banks for the tracker mortgages scandal. That is not the point but it is a good diversion from the Minister. The point is the Central Bank publicly told us all, but more importantly it told the Minister, and he is not a commentator but the Minister for Finance. He is the only person who can bring...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Pearse Doherty: It was.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Pearse Doherty: Can I just say-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Pearse Doherty: I welcome that but I want to make the following point. I was one of the first people to raise the issue of tracker mortgages in this committee many years ago and to call it out. The reason I became aware of the issue is an extended family member of mine was one of the first people to take a case to the ombudsman against Permanent TSB, a bank in which the State owns the majority. I sat in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Pearse Doherty: The Minister mentioned troll farms in some foreign country, which was beneath him. I have represented those families.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Pearse Doherty: That is not the point.

Ceisteanna - Questions (Resumed) - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Industry (9 Nov 2021)

Pearse Doherty: The Minister of State said it is early days in this process. In fact, it is more than six months since the guidelines were enforced. As we see from the information provided by PIAB, it has reduced average awards by 40%, thereby reducing the cost of claims for the insurance industry. The relevant legislation was not passed by all the parties in this House to boost the profit of insurance...

Ceisteanna - Questions (Resumed) - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Industry (9 Nov 2021)

Pearse Doherty: There is a company in Dundalk about to go bust because it cannot get insurance-----

Ceisteanna - Questions (Resumed) - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Industry (9 Nov 2021)

Pearse Doherty: -----and there are many others like it.

Ceisteanna - Questions (Resumed) - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Industry (9 Nov 2021)

Pearse Doherty: This is what I cannot understand. The Minister of State says he is going to take action against the industry. The Tánaiste talked about it more than a year and a half ago, before the election, saying he was giving the insurance industry six months and that was it, after which the stick would come out. We in this House did our job. Representatives of the insurance industry came before...

Ceisteanna - Questions (Resumed) - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Industry (9 Nov 2021)

Pearse Doherty: You are misleading the Dáil. That legislation does nothing of the sort. It asks the Central Bank for a report on what it is doing.

Ceisteanna - Questions (Resumed) - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Industry (9 Nov 2021)

Pearse Doherty: The Minister of State is completing and utterly misleading the Dáil.

Ceisteanna - Questions (Resumed) - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Industry (9 Nov 2021)

Pearse Doherty: Your legislation does nothing.