Results 2,141-2,160 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: That is very clear. Head 20, subhead 7, pertains to the duration of service of a director. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: It has been well ventilated. Ms Byrne is repeating the points and stating there is undue restriction.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Ms Byrne quoted a commentator who said that, by encouraging premature exit, there could be a risk of strengthening the power of management, thereby not improving the lot of shareholders. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: That point was not made heretofore and it is interesting.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Head 30 concerns viability. There was some discussion on how it is to be defined. Is that what Ms Byrne is touching on?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Is that an example of where stabilisation or support is needed or indicated?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Ms Byrne touched on a number of aspects that ought to be considered in her submission, which is very helpful. Head 47 pertains to restructuring and the submission of a restructuring plan. Could Ms Byrne explain her concern in that regard?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: There are three or four issues remaining. One concerns the definition of a special resolution. I refer to amendments to the 1997 Act. There is a two-step process envisaged for the passing of special resolution by a credit union.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Does this pertain to the restructuring issue?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: It is almost likely to defeat the purpose of an information session, in the sense that people need an opportunity to reflect on what they hear.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Ms Byrne also has thoughts on the circumstances in which a credit union may be minded to provide additional services and how it would bring that about. I refer to the instruments or measures it would need to adopt to be able to provide additional services.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Ms Byrne raised two final issues regarding an appeals process and what she considers to be the somewhat curious absence of a definition of what is a member in the Act.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Does Ms Byrne not think it should?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Each of the four submissions has been enormously informative. I compliment the witnesses on the clarity of their responses. The joint committee is moving through this material quickly and it is evident that some members, myself excepted, are quite expert while many of us have a lot less expertise. Consequently, this session has been extremely informative and definitely will inform the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: We will resume our consultation of the draft scheme of the credit union Bill 2012 with credit unions representative bodies. I welcome Mr. Joe Mulvey from the National Supervisors Forum, Mr. Kevin Johnson who is chief executive officer of the Credit Union Development Association, Ms Selina Gilleece from the Credit Union Managers Association and Mr. Pádraig Ó Cearbhaill who is...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: On subhead 6 of head 17, internal audit function, it is proposed in the draft scheme that the internal audit function would report the results of its evaluations and recommendations to the audit committee, where one exists. The forum is proposing that the internal audit function should in addition also report to the oversight board.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Head 18 deals with general requirements in respect of governance. In this regard, the forum is concerned about remuneration policies. What is provided for in subhead 1 is that remuneration practices and policies must be consistent with and promote sound and effective risk management. Am I correct that the forum believes there is a case to be made for elaboration of this provision?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Does it happen at all?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: There is a proposal to remove the office of treasurer.