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Results 21,161-21,180 of 23,109 for speaker:Paddy Burke

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Paddy Burke: I appreciate that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Paddy Burke: The Central Bank is the watchdog over the banks-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Paddy Burke: The Cental Bank is the watchdog for the banks.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Paddy Burke: As such, the Central Bank failed in this case.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Paddy Burke: Okay.

Seanad: Commencement Matters: Institutes of Technology (13 Dec 2016)

Paddy Burke: I thank the Cathaoirleach for selecting this Commencement matter and welcome the Minister for Education and Skills to the House. I thank him for taking this serious matter in respect of the Mayo campus of the Galway-Mayo Institute of Technology.It disappoints me greatly to have to discuss what has happened on the Mayo campus of the Galway-Mayo Institute of Technology. The Mayo campus was...

Seanad: Commencement Matters: Institutes of Technology (13 Dec 2016)

Paddy Burke: I thank the Minister for the reply. I have no doubt that he is fully committed to institutes of technology which are required to link to industry. However, I note to the Minister that Mayo has no head of campus at the moment. All departments now report to the Galway campus, which is a significant downgrading. The person has handed in her notice. She was put on a one-year contract and...

Seanad: Knowledge Development Box (Certification of Inventions) Bill 2016: Committee Stage (14 Dec 2016)

Paddy Burke: I wish to ask the Minister a question concerning companies which set up with this great knowledge. I congratulate the many innovators involved who deserve great credit as they take a lot of risks. I do not agree with Senator Higgins, however, that we are subsidising them by charging 6.25% corporation tax. They might not set up here but for such a thing, so one cannot describe it as being a...

Seanad: Knowledge Development Box (Certification of Inventions) Bill 2016: Committee Stage (14 Dec 2016)

Paddy Burke: I thank the Minister. She has outlined that in good detail, but for the very start of it, one might have someone from the UK, France or some other part of Europe who has an idea and may have part of the work done. He or she may have applied for or have a pending patent but not yet have it. In the meantime, he or she may decide to set up a business in Ireland because he or she likes the...

Seanad: Knowledge Development Box (Certification of Inventions) Bill 2016: Committee Stage (14 Dec 2016)

Paddy Burke: That clarity is very important because the question of where it starts will be very important. Does it start with the idea and all the funding that is spent after that, even if it was spent here? Does that qualify it? If the idea was born some other place and is novel and creates change, it might be born and made but, where this thing is going to bring an awful lot of change to things, it...

Seanad: Knowledge Development Box (Certification of Inventions) Bill 2016: Committee Stage (14 Dec 2016)

Paddy Burke: It is very clear.

Seanad: Appropriation Bill 2016: Second and Subsequent Stages (15 Dec 2016)

Paddy Burke: When we see the Appropriation Bill come before the House every year, we know Christmas is at hand. I welcome the Minister of State to the House and wish him a very happy Christmas and all the best for the new year. I wish a happy Christmas to the Acting Chairman, the Members and the staff, who have done great work over what has been a very long year since the beginning of January. The...

Seanad: Appropriation Bill 2016: Second and Subsequent Stages (15 Dec 2016)

Paddy Burke: Now.

Seanad: Appropriation Bill 2016: Motion for Earlier Signature (15 Dec 2016)

Paddy Burke: I move:That pursuant to subsection 2° of section 2 of Article 25 of the Constitution, Seanad Éireann concurs with the Government in a request to the President to sign the Appropriation Bill 2016 on a date which is earlier than the fifth day after the date on which the Bill shall have been presented to him.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)

Paddy Burke: There was a difference in the interest rates on the tracker mortgages. Some of the banks charged 0.15% more than should have been the case. For how long was that going on?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)

Paddy Burke: Who brought the matter to the attention of the Central Bank? Did the banks own up first or did the Central Bank find out about it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)

Paddy Burke: The Minister for Finance recently did away with section 110 of the Taxes Consolidation Act 1997. It would seem that the vulture funds have become more aggressive in getting their pound of flesh since. Does the Central Bank feel this is the case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)

Paddy Burke: I am referring to mortgage debt.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)

Paddy Burke: Does the Central Bank have sufficient powers to hold them to account?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)

Paddy Burke: Essentially, the vulture funds can do what they want and the Central Bank does not have enough powers to take them on.

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