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Results 2,021-2,040 of 2,156 for speaker:Tom Parlon

Written Answers — Decentralisation Programme: Decentralisation Programme (8 Mar 2007)

Tom Parlon: A site for the new decentralised offices in Newcastle West was purchased from Limerick County Council in 2005. In common with other projects in the Decentralisation Programme, following receipt and evaluation of Expressions of Interest, tenders for the proposed building were invited by the OPW from a number of contractors on a design/build basis and a preferred tenderer was identified. A...

Written Answers — Flood Relief: Flood Relief (8 Mar 2007)

Tom Parlon: As I stated in reply to the Deputy's Question of 7th February, 2007 (Ref. No. 129) the Commissioners of Public Works are satisfied that the pump installed on a trial basis is effective. However, the report that recommended pumping indicated that this could cause a lowering of the land level over time due to the peaty nature of the soil. Such shrinkage would diminish the viability of pumping...

Asset Covered Securities (Amendment) Bill 2007: Order for Second Stage (20 Mar 2007)

Tom Parlon: I move: "That Second Stage be taken now."

Asset Covered Securities (Amendment) Bill 2007: Second Stage (20 Mar 2007)

Tom Parlon: I move: "That the Bill be now read a Second Time." This Bill is an amending Bill, but it is a very important one which is urgently required in order to introduce some necessary technical changes to its parent Act, the Asset Covered Securities Act 2001. I might clarify at the outset for Deputies that the term "asset covered securities", or ACS, is a sort of Irish brand name for covered bonds...

Asset Covered Securities (Amendment) Bill 2007: Second Stage (20 Mar 2007)

Tom Parlon: I thank all the Deputies who have contributed to the debate. As they know, the House is currently coping with a significant volume of urgent legislation and I am grateful they appreciate the need to make progress on this highly technical Bill, which is devoted to a specialised but strategically important niche sector of our financial services industry. I appreciate what Deputy Finian...

Asset Covered Securities (Amendment) Bill 2007: Second Stage (20 Mar 2007)

Tom Parlon: I have explained the reality as it is regarded outside the country. The Deputy can raise those issues but it is not how the country is seen from abroad. I wish to deal with some of the other issues that were raised during the debate. Deputy Bruton certainly recognises the importance of cherishing and nourishing the financial services sector. While Deputy Burton raised some caveats, she is...

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: I move amendment No. 1: In page 10, between lines 7 and 8, to insert the following: "(q) in the definition of "non-performing", in paragraph (b), by inserting "(but disregarding, for the purposes of this paragraph, section 4(4))" after"section 4(1)",". This amendment concerns the definition of non-performing in the principal Act. Under the Bill as published securitised mortgage credit assets...

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: I move amendment No. 2: In page 11, line 32, after "mortgage" to insert "credit". This amendment concerns the term securitised mortgage credit assets that is used in the Bill. The definition of that term in section 2 of the Bill as published omits the word credit and this technical amendment corrects the omission.

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: The Bill was drafted by the parliamentary draftsman with professional advice from top legal and financial experts for which no payment was made. This was vetted by the European Central Bank in consultation with the Financial Regulator.

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: The Department was available to give Deputies any information they sought and I understand they gave a briefing today.

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: I understand the Deputy was sent the information she sought.

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: Had the Deputy sought further information I am sure it would have been forthcoming.

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: Department officials did not seek to withhold information from the Deputy and would have provided further information had it been sought.

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: This is a highly technical Bill with a great deal of intricate drafting. The Financial Regulator was involved in drafting the Bill, cleared and passed it and is satisfied with the Bill.

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: I move amendment No. 3: In page 28, line 40, to delete "4, 61" and substitute "4(2) to (5), 58, 61, 71". The purpose of this amendment is to correct this oversight, a drafting omission in section 30 of the Bill, the second line of the new section 41B, subsection (1), of the principal Act, to provide that the provisions of sections 58 and 71 should also apply as adapted to designated...

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: I move amendment No. 4: In page 30, line 6, to delete "6" and substitute "61".

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: I move amendment No. 4a: In page 36, line 47, before "located" to insert "or substitution asset". This amendment corrects an oversight and inserts the words "or substitution asset" in section 36. It makes this provision regarding public credit institutions consistent with the provisions concerning mortgage credit institutions in section 21.

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: The amendments concern the provisions of sections 59 to 61, inclusive. Section 59 inserts a new section 107 in the principal Act and provides that the Minister may, by order notified in Iris Oifigiúil, appoint a date for the purposes of Schedule 3. Schedule 3 is inserted in the Act by section 60. It deletes some obsolete terms such as references in the Act to "tier 1" and "tier 2" assets...

Written Answers — Decentralisation Programme: Decentralisation Programme (20 Mar 2007)

Tom Parlon: The Government is committed to the full implementation of the Decentralisation Programme announced in Budget 2004, involving some 10,300 civil and public service jobs in more than 56 locations across some 60 Government Departments/Offices and Agencies. My Office is in the process of procuring appropriate properties in the designated locations for the Departments and Agencies involved, with...

Written Answers — Decentralisation Programme: Decentralisation Programme (20 Mar 2007)

Tom Parlon: The Office of Public Works (OPW) selected a preferred tenderer for this Decentralisation project in August 2006. An application for planning permission was submitted by the preferred tenderer to Mayo County Council in October 2006. Notification of a decision to grant permission, subject to conditions, was issued by the Council in late November 2006. An appeal was lodged with An Bord...

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