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Seanad: Order of Business (20 Jul 2017)

Paddy Burke: The Cabinet yesterday discussed a ten-year capital investment plan from 2018 to 2027 and the projected 19% population increase to 5.6 million by 2040. I ask the Leader that a discussion be held at the earliest possible date following the summer recess regarding the ten-year capital investment programme. That discussion would be worthwhile and important in terms of considering what direction...

Seanad: Asian Infrastructure Investment Bank Bill 2017: Committee and Remaining Stages (20 Jul 2017)

Paddy Burke: Is there any control by a central bank, such as the Irish Central Bank or European Central Bank, on this type of bank, or is there any need for same?

Seanad: Asian Infrastructure Investment Bank Bill 2017: Committee and Remaining Stages (20 Jul 2017)

Paddy Burke: European banks, for example, are subject to some form of central bank control. However, I presume the AIIB is made up of various governments so there will be no control over the bank. It can lend with the agreement of governments or the board that governs it but it is not governed by anyone. Is that correct?

Seanad: National Shared Services Office Bill 2016: Committee and Remaining Stages (20 Jul 2017)

Paddy Burke: I thank the Minister for inserting this section. It will give him considerable powers. The buck stops with the Minister, as it does with respect to this section. I am delighted that certain powers are being given to the Minister under this section with respect to functions he can carry out and directions he can make and give. I am delighted this section has been included.

Seanad: National Shared Services Office Bill 2016: Committee and Remaining Stages (20 Jul 2017)

Paddy Burke: Will the chief executive officer's pay be in line with Government policy? Will the pay scale be in line with that of top level public servants and will it be at the higher or lower end of that pay scale or could it be in breach of it?

Seanad: National Shared Services Office Bill 2016: Committee and Remaining Stages (20 Jul 2017)

Paddy Burke: I am delighted that local authority members are not precluded from membership of the board.I thank the Minister of State for keeping that.

Seanad: National Shared Services Office Bill 2016: Committee and Remaining Stages (20 Jul 2017)

Paddy Burke: That was passed by the House a number of years ago and I am delighted that this Minister of State is keeping faith in that and that councillors are not precluded from being on the board.

Seanad: National Shared Services Office Bill 2016: Committee and Remaining Stages (20 Jul 2017)

Paddy Burke: We have seen many cases in the public service where changes have been made, where some posts have been abolished and other people have retired, and the positions that they were in may be abolished or the grade might be increased, and they have problems with their pensions. I presume, with regard to this section, where there is continuance of pending legal proceedings, that that could well...

Seanad: National Shared Services Office Bill 2016: Committee and Remaining Stages (20 Jul 2017)

Paddy Burke: I congratulate the Minister of State on getting this Bill through the House and passed into law. It is very important legislation and the body that has been set up here is an important one that ultimately will employ nearly 1,000 staff. It has a huge task before it when it comes to bringing together most public service wage payments, some of which are paid at different rates. I presume...

Seanad: National Shared Services Office Bill 2016: Committee and Remaining Stages (20 Jul 2017)

Paddy Burke: I thank the staff, Martin, Bridget, the Seanad staff, the Cathaoirleach, the Leas-Chathaoirleach and all the Members of the House for their co-operation over the past while. I hope everyone will be back in this Chamber within the year and a half.

Seanad: National Shared Services Office Bill 2016: Committee and Remaining Stages (20 Jul 2017)

Paddy Burke: At 2.30 p.m. on Tuesday, 26 September 2017.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Paddy Burke: I also welcome the delegation. I have three brief questions. Most contracts for employees are fixed-term contracts, whether of five years, seven years, ten years or whatever, and mortgages are from 25 to 30 years. Is it more difficult for a person on a five year contract to get a mortgage for 20 to 25 years? What happens if he or she is laid off after the five years? Are there any...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Paddy Burke: Where a person goes in looking for a mortgage who is on a five year contract, and who has maybe worked for three years and there are only two years left in the contract, would the bank not take that into account when it would be giving him or her a mortgage?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Paddy Burke: The new credit rating coming into effect for borrowers will be controlled by the Central Bank. Some borrowers have been brought under it since 1 June and there will be more coming on stream. The credit unions will be joining shortly. I am sure that will have an effect on the mortgage that the person gets as well, will it? In fact, people have got mortgages up to this who may have used a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Paddy Burke: Finally, in relation to opening bank accounts, we have seen recently where it is difficult for emigrants coming back from the UK, America or wherever who have not had a bank account for maybe ten, 15 or 20 years. These emigrants have made savings and done well for themselves but it takes them a long time to open a bank account. They probably need utility bills or a driving licence. They...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Paddy Burke: I thank Mr. McLoughlin.

Seanad: Mid-Term Review of Capital Plan: Statements (27 Sep 2017)

Paddy Burke: I welcome the Minister of State to the House. I also welcome the opportunity to say a few works on the mid-term review of the capital plan 2016-2021. First, I wish to compliment everybody involved in getting this Chamber to its current state when it was opened yesterday. I can remember well two years ago, as Cathaoirleach of the Seanad, when I visited this room. I can assure Members that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Paddy Burke: I also welcome the delegation. Does Mr. Masding attribute the new mortgage market business that he says has grown from 1.5% to 12.5%, or a big portion of it, to the 2% cashback offer?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Paddy Burke: With regard to the 2% cash back on the average tracker mortgage, how many years does it take to get the 2% back?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Paddy Burke: What about on the lowest rated mortgage?

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