Results 21,921-21,940 of 23,109 for speaker:Paddy Burke

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Insurance (Amendment) Bill 2017: Discussion (Resumed) (8 Mar 2018)

Paddy Burke: The 2% levy for the compensation fund may not be collected in the case of a liquidation. Is that correct? Let us say a company went into liquidation or examinership at the end of the year but there is 2% on all the premia. The client will have paid his or her 2% in the full knowledge that the contribution is for the compensation fund. I believe the levy may not be collected and will go...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Insurance (Amendment) Bill 2017: Discussion (Resumed) (8 Mar 2018)

Paddy Burke: In the case of Quinn liquidation, is it fair to say that the levy probably was not collected by MIBI? How would MIBI be treated in such an instance? The compensation fund should be deemed a preferential creditor.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Insurance (Amendment) Bill 2017: Discussion (Resumed) (8 Mar 2018)

Paddy Burke: In other words, the money would have gone down the swanny in this case if the levy was not paid. The matter should be considered-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Insurance (Amendment) Bill 2017: Discussion (Resumed) (8 Mar 2018)

Paddy Burke: -----in either the regulations for oversight or in the legislation. Do the witnesses envisage the new data protection Bill will affect the way the insurance industry retains insurance records?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Paddy Burke: I welcome Mr. Kissane. How far back do the loans under investigation date? Most loans might have had a term of 15 or 20 years. Could some be expired at this stage?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Paddy Burke: The commencement date.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Paddy Burke: Could some of the loans have been taken out in the 1990s?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Paddy Burke: Could they have been taken out as trackers in the 1990s?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Paddy Burke: Could interest-only loans have started in the 1990s?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Paddy Burke: Mr. Kissane raised the issue of the statute bar. The Central Bank told us the statute bar does not come into play once a person finds he or she is impacted.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Paddy Burke: This would mean people would only be entitled to the difference in the interest rate.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Paddy Burke: What is the advantage of the bank taking a customer from a tracker to a variable rate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Paddy Burke: The Bank of Ireland is now pushing fixed-interest rate loans for five or ten years, saying this is the way forward because one cannot pay lump sums off a tracker mortgage.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Paddy Burke: Is that the case with a tracker?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Paddy Burke: Are the banks hedging now?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Paddy Burke: Mr. Kissane said the Bank of Scotland was the first to introduce them. How long after that did it take the other banks to get in on the act?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)

Paddy Burke: Does Mr. Kissane think a cartel operated at that time?

Seanad: Electoral (Amendment) (Voting at 16) Bill 2016: Committee Stage (21 Mar 2018)

Paddy Burke: I welcome the Minister of State, Deputy Phelan, to the House. He is just in time to see his people from Castlecomer. Amendment No. 1 in the name of Senator Murnane O'Connor is out of order. Amendment No. 2 in the name of Senator Murnane O'Connor is also out of order.

Seanad: Electoral (Amendment) (Voting at 16) Bill 2016: Committee Stage (21 Mar 2018)

Paddy Burke: They are both out of order. The Senator cannot speak on them but I will allow her in on the section.

Seanad: Electoral (Amendment) (Voting at 16) Bill 2016: Committee Stage (21 Mar 2018)

Paddy Burke: That is news to the House.