Results 2,061-2,080 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: Is there a European directive in preparation in this regard?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: However, when making his submission Mr. Morris told us we should have regard to what is happening in Europe. Is it relevant or not?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: That is Deputy Pearse Doherty's concern.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: The good people of Dublin South do that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Does that refer back to some extent to the point made by Ms O'Rourke? I do not want to put words in her mouth but it seems to raise the issue of how onerous the audit requirements for credit unions ought to be. Should they be equivalent to those that apply to the banking system? This is an example of the kind of issue Ms O'Rourke was raising. I do not want to put words in her mouth but...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: It would be fair to describe Ms O'Rourke's intervention as raising a flag on an issue. Is that not what she is doing?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Would our guests like to make any concluding remarks? Would they like to comment on anything their respective fellow guests said? We will wrap up fairly soon but I will give them an opportunity to make any concluding remarks if they wish.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: I thank Ms O'Connor, Mr. Morris and Ms O'Rourke for attending the meeting. The submissions will be published and we will forward a transcript of the hearings to the Minister for Finance. We will try our best to produce a summary of the issues as the committee sees them to furnish to the Minister within the next few days and certainly within the next week. I thank the delegation for...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: I welcome Mr. Gerard McConville, Dundrum Credit Union, Mr. Philip Hosford, Gurranabraher Credit Union and Mr. Pat Owens, St. Mary's Parish Credit Union, all of which made submissions to the joint committee on this exercise. I want to remind everyone that as this meeting is being broadcast by UPC on its channel 801 they should ensure their mobile phones are switched off as they have a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: With regard to lending, section 3 would specify that the bank may impose specific lending limits. The witnesses have indicated that principle is worthy but that consideration should be given to how this would be implemented in practice. Is it again a case that more detail is required?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Head No. 7, dealing with investments, was highlighted as being an issue for our attention. The issue is the accounting rules on the distribution of income.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Head No. 10 deals with risk management and compliance officers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: There is a bit more work to be done on how these ideas relate to each other and so forth. That is not an objection in principle but we may need to organise it a bit better.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: There is one net point on outsourcing regarding a definition in head No. 16 about material business activity. This is in circumstances where a credit union determines that it should outsource a particular aspect of its business. There is a reference to "material business activity" but that is not defined.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Governance is an issue that has preoccupied many observers and people involved here. We do not need to dwell too long on the nomination committee. This exercise is an opportunity for the witnesses to note what is of concern and we will not be resolving the issues today. This is a pre-legislative process that is to raise flags and draw the attention of this committee and the Minister to the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: There is an issue with the blocking of a nomination.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Finally in this area there is a question where a director may be allowed to hold office even in circumstances where he or she is breach of section 14.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Regarding No. 30 in Part 3, on stabilisation, the witnesses draw attention to the definition of viability in the explanatory note. Given that it is defined in the explanatory note, it is a fair point that the Minister should consider a definition of viability in the body of the text of the Bill.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Regarding restructuring, which has arisen in other submissions, the suggestion is that levies could become a runaway element if there is no limit on the number of levies that can be imposed.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: We have until one o'clock so we can ask each of the three gentlemen about the overarching issues. Are there any questions on the specifics of Mr. Hosford's points?