Results 2,001-2,020 of 49,836 for speaker:Stephen Donnelly

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Stephen Donnelly: That is not satisfactory. This is a policy question. Mr. Sheridan states the Cental Bank team makes a decision based on "super normal profits." It is not a firm by firm issue; it is either a "super normal profits" issue or it is not. Will Mr. Sheridan give me an example of what he believes to be a "super normal profit"?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Stephen Donnelly: Of what?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Stephen Donnelly: Let us say they are lending €50 million. Are they making a profit of €5 million? Would that be correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Stephen Donnelly: How many increases in rates have there been in recent years? If the team does not have the exact number, a ballpark figure is acceptable. Is it zero, about five or 50?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Stephen Donnelly: None of the maximum figures has been increased in recent years?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Stephen Donnelly: I understand the Central Bank has the authority to react to requests for increases in interest rates. Does it have legislative power to decide, out of the blue, that a company must reduce the interest rate it charges?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Stephen Donnelly: There is no information on how the sample of 500 or thereabouts was selected, whether it was randomly selected and so forth. Is Mr. Sheridan satisfied that the sample is representative?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Stephen Donnelly: Recommendations would have been useful. While the report is a great first step and includes a large number of conclusions on the sector, it does not make recommendations. I am slightly confused by some aspects of the report. For example, I do not understand how anyone who has any choice would ever borrow from a licensed moneylender. It is barking mad to borrow money at an interest rate of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Stephen Donnelly: The group of people I am most interested in ensuring protection for is the group Deputy Heather Humphreys talked about. If a person wishes to borrow €300 for three months and it costs €150, I would prefer it if he or she did not go with that, but it will probably not destroy him or her. The people Deputy Humphreys is talking about are being destroyed. We see from the data...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Stephen Donnelly: Even if it takes five years to pay it. Is that the case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Stephen Donnelly: Let us suppose I borrowed €500 and I must pay back €500 in interest and capital on that amount in one year. In other words, there is 100% interest and a one-year loan. If, at the end of year 1, all I have paid back is €500, is Mr. Murphy suggesting I need not pay any more interest on that loan? There is no chance of that.

Companies (Amendment) Bill 2014: First Stage (30 Jan 2014)

Stephen Donnelly: I move:That leave be granted to introduce a Bill entitled an Act to provide for a system of examinership that will reduce the costs and time involved for companies falling below certain threshold sizes, by amending the Companies (Amendment) Act 1990.The Bill seeks to improve the examinership process. It seeks to build on some good work the Minister has already done in moving the examinership...

Companies (Amendment) Bill 2014: First Stage (30 Jan 2014)

Stephen Donnelly: I move: "That the Bill be taken in Private Members' time."

Companies (Amendment) Bill 2014: Second Stage [Private Members] (4 Feb 2014)

Stephen Donnelly: I move: "That the Bill be now read a Second Time." I will share time with Deputies Finian McGrath and Catherine Murphy. I am delighted to have the opportunity to introduce Second Stage of the Bill. I thank Mr. Ross Maguire, S.C., and Mr. Barry Lyons, solicitor, for all of their work and expertise in drafting the Bill. I also thank the officials of the Bills Office for their Trojan work...

Companies (Amendment) Bill 2014: Second Stage [Private Members] (4 Feb 2014)

Stephen Donnelly: They must go to court anyway.

Companies (Amendment) Bill 2014: Second Stage [Private Members] (4 Feb 2014)

Stephen Donnelly: They do.

Companies (Amendment) Bill 2014: Second Stage [Private Members] (4 Feb 2014)

Stephen Donnelly: Barry Lyons.

Written Answers — Department of Jobs, Enterprise and Innovation: Microenterprise Loan Fund Applications (4 Feb 2014)

Stephen Donnelly: 281. To ask the Minister for Jobs, Enterprise and Innovation the number of applications made to the microfinance scheme to date, in total, and broken down by county where applicants are based; and if he will provided the number of businesses which have been accepted, processed and drawn down funds to date; if will also provide in total and broken down by county where the business is based....

Written Answers — Department of Health: Health Services Issues (4 Feb 2014)

Stephen Donnelly: 641. To ask the Minister for Health the analysis and data used by his Department, in consideration of whether the Health Service Executive should take over Mount Carmel Hospital, which led to the determination that Mount Carmel would not be of value to the health system; and if he will make a statement on the matter. [5105/14]

Written Answers — Department of Health: Health Services Staff Issues (4 Feb 2014)

Stephen Donnelly: 642. To ask the Minister for Health the plans that have been developed in his Department to date for bringing any and all of the highly skilled workforce from Mount Carmel Hospital into the public health workforce, as intimated by him when he said we will certainly be looking at every possibility and way of bringing them into the public sector if we can; and if he will make a statement on the...