Results 2,041-2,060 of 9,393 for speaker:Alex White
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: We would not ask Ms O'Connor to make any suggestions. Is she stating that the current draft does not achieve what it purports to achieve.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Understood. What is the position with regard to section 37C, which relates to the cooling-off period?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: So the net point is that it should be mandatory. Should that be the case in all circumstances?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: What is MABS's concern with respect to section 46?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Our guests from MABS are going to stay with us but I wish to move on to Ms O'Rourke because, as already stated, I wish to get the specifics out of the way before dealing with more general matters. The IBF's submission is quite new in the context of what it says. That is both useful and important. It is fair to state that what it is suggesting is that there must be an equivalence in respect...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: The specific issue the IBF raises relates to Part 5 of the scheme of the Bill, which deals with amendments to existing legislation. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Why?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: I have not had an opportunity to read Part 5 in detail. However, it is fair to raise a question as to whether it will achieve what is envisaged. Having considered Part 5, is Ms O'Rourke of the view that it will do so?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Is the IBF of the view that it will not achieve what is envisaged?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: The IBF's submission notes that the recommendation of the commission and the subsequent amendments specify a number of enactments - including the Consumer Credit Act 1995 - which do not apply to credit unions. The submission also states that the draft Bill does not make clear the extent to which credit unions will be subject to the various codes promulgated by the Central Bank under section...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: The IBF is of the opinion that it should be so. If it is established that it is not so, then that is problematic.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Are there any questions from members on this specific issue?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: The IBF stated that credit unions should be required to adhere to prudential risk and corporate governance regulations, as are required for the banking sector.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Do members have further questions specifically on Ms O'Rourke's point that there should not be the same regulatory framework but that there should be equivalence? Ms O’Rourke is staying with us but I also want to hear from Mr. Morris. We will keep our three guests for a while more.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: The IBF is entitled to appear before the committee to make its submission. I now invite Mr. Kevin Morris to make a submission on behalf of FMB Chartered Accountants. I understand his comments pertain to a number of net issues. One issue that arises is that of public interest entity. He is concerned that the level of intervention in forthcoming European measures will be relatively onerous...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: I ask Mr. Morris to explain the firm rotation requirement.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: In what respect? Does it relate to cost?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: What is the current regime?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Should the Bill be changed to the extent that it should not change the current regime? Should we maintain the current regime?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Are there examples? Of course, I am not going to ask Mr. Morris to give details. However, is he aware of examples where it has not worked well and where there has been a problem?