Results 2,081-2,100 of 12,886 for speaker:Paul Coghlan

Seanad: Business of Seanad (1 Oct 2008)

Paul Coghlan: With respect, the Leader was about to respond to Senator Fitzgerald's suggestion.

Seanad: Business of Seanad (1 Oct 2008)

Paul Coghlan: Perhaps the Leader was about to respond to Senator Fitzgerald.

Seanad: Business of Seanad (1 Oct 2008)

Paul Coghlan: We need to hear the reasoning.

Seanad: Business of Seanad (1 Oct 2008)

Paul Coghlan: Do we know what was agreed between the Whips in the other House? For the information of this House I would like to know the sequence of events.

Seanad: Business of Seanad (1 Oct 2008)

Paul Coghlan: I do not object to what the Leader has proposed.

Seanad: Business of Seanad (1 Oct 2008)

Paul Coghlan: With a bit of elaboration, perhaps.

Seanad: Business of Seanad (1 Oct 2008)

Paul Coghlan: That is another point. Will it be 2.30 a.m.?

Seanad: Business of Seanad (1 Oct 2008)

Paul Coghlan: That is not sufficient time to allow us to frame amendments.

Seanad: Business of Seanad (1 Oct 2008)

Paul Coghlan: That makes eminent sense.

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Paul Coghlan: I, too, welcome the Minister to the House.

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Paul Coghlan: If necessary. The Minister acted decisively. Perhaps he had little choice. Apparently, a gun was put to his head on Monday night when some of the leading executives of our top financial institutions invaded Government Buildings, and people had to burn the midnight oil. As has been stated, we are acting in the national interest to safeguard our economy, to which the banking system is...

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Paul Coghlan: We need an approach of due diligence. No doubt the Minister will talk about that. This is a very important point. Is the State guaranteeing the overseas operations of our banks? Do we have sufficient regulatory control in terms of guarding against any future rustling? I also mention the ring-fencing of foreign banks operating here. I understand the Minister is looking into banks, other...

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Paul Coghlan: It is a nonsense.

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Paul Coghlan: It is very wide.

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Paul Coghlan: Good on the Senator.

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Paul Coghlan: The Minister still has that power.

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Paul Coghlan: Absolutely.

Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Paul Coghlan: On Second Stage several Members referred to the excessive remuneration for apparent short-term success in the banks. The Minister acknowledged that the success was doubtful because we know these successful managers did not provide properly and prudentially for bad and doubtful debts. They under-provided for and under-declared them. I agree with other Members that the admirable solution for...

Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Paul Coghlan: That is a good point.

Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Paul Coghlan: Does that mean the NTMA will follow suit?