Results 10,621-10,640 of 11,509 for speaker:Ivana Bacik

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: Excuse me-----

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: -----it is not Senator Walsh against whom allegations were made.

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Ivana Bacik: There are clearly a few of them.

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Ivana Bacik: Amendment No. 63 and section 210 are very important. Everyone is glad that guidelines may be issued in respect of lending practices and procedures and that, under the amendment, these guidelines will be laid each House of the Oireachtas as soon as is practicable. I reiterate what I said on Second Stage and Committee Stage, namely, that guidelines may not be sufficient to ensure an adequate...

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (10 Nov 2009)

Ivana Bacik: I welcome the Minister's response to my point about the French model of a credit mediator, saying he would examine it and review it under the relevant heading. The French Minister for the Economy, Industry and Employment, Christine Lagarde, described in January's Newsweek the credit mediator as: ... a sort of ombudsman, who receives complaints and investigates them. He can go to a bank and...

Seanad: National Asset Management Agency Bill 2009: Committee Stage (10 Nov 2009)

Ivana Bacik: I support Senator Alex White and this group of amendments. The Fine Gael amendments are similar to the Labour Party amendments in this grouping in that all of them seek to offer a measure of scrutiny and oversight, as Senators White and Twomey said. There is also an important aspect to the Labour Party's amendment No. 1 in that, in addition, it provides for review of the Act. I will deal...

Seanad: National Asset Management Agency Bill 2009: Committee Stage (10 Nov 2009)

Ivana Bacik: I think he would prefer if I referred to France rather than Japan.

Seanad: National Asset Management Agency Bill 2009: Committee Stage (10 Nov 2009)

Ivana Bacik: He is referring to credit control in France. It is a bit like the Boston or Berlin model. There seems to be merit in providing for something a little more concrete than guidelines to banks to free up lending. There should be some strengthening of that in the Bill. Amendment No. 64 is tabled by Fine Gael and it relates to section 210. That section allows the Minister to issue guidelines on...

Seanad: National Asset Management Agency Bill 2009: Committee Stage (10 Nov 2009)

Ivana Bacik: The chairperson must be drawn from the Dáil.

Seanad: Order of Business (10 Nov 2009)

Ivana Bacik: I support the comment of Senator Norris in support of those facing pension cuts in the restructuring of Aer Lingus. What is happening is appalling and we need a debate on the airline industry. I would like to inform Senator Norris that in page three of today's The Irish Times there is a report about a company that is allowing people to print off boarding passes for Ryanair for less than...

Seanad: Order of Business (10 Nov 2009)

Ivana Bacik: More seriously, I would like to ask the Leader for a broader debate on banking. Last night's debate on NAMA became, essentially, a debate about bank structuring. The Minister responded to the Labour Party argument for temporary nationalisation and also responded to the argument made by Senator Ross for the same thing. It seems that 20 years after the fall of the Berlin Wall, Senator Ross...

Seanad: Order of Business (10 Nov 2009)

Ivana Bacik: I was delighted the argument about nationalisation was addressed. It is important we have further debate on that issue. Like Senator Hannigan, I welcome the statement made by the Irish Banking Federation today. However, I would like to raise a concern about banking culture where an issue arising is similar to the issue with regard to Aer Lingus. This concerns Ulster Bank which has been...

Seanad: National Asset Management Agency Bill 2009: Second Stage (9 Nov 2009)

Ivana Bacik: I said the Minister had dismissed it.

Seanad: National Asset Management Agency Bill 2009: Second Stage (9 Nov 2009)

Ivana Bacik: The SPV-----

Seanad: National Asset Management Agency Bill 2009: Second Stage (9 Nov 2009)

Ivana Bacik: Perhaps they are buying it to live in first before selling it.

Seanad: National Asset Management Agency Bill 2009: Second Stage (9 Nov 2009)

Ivana Bacik: He became used to the word.

Seanad: National Asset Management Agency Bill 2009: Second Stage (9 Nov 2009)

Ivana Bacik: I am very grateful to Senator Alex White for sharing his time with me. I welcome the opportunity to debate the NAMA legislation in the House, as many of us had sought that opportunity. As I said on the Order of Business, it is unfortunate the business has been ordered by the leader of Fianna Fáil in the House in the way it has been. I cannot understand why we cannot have more time to...

Seanad: Order of Business (9 Nov 2009)

Ivana Bacik: I add my voice to that of others who have been critical of the way in which today's debate on NAMA has been organised. Perhaps "organised" is the wrong word. While I am glad we are debating it and I look forward to contributing, we need a debate on the way in which business is ordered in the House. There is an aura of machismo about the way in which-----

Seanad: Order of Business (9 Nov 2009)

Ivana Bacik: I speak with him all of the time.

Seanad: Order of Business (9 Nov 2009)

Ivana Bacik: He is learning from Senator Buttimer at last.