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Seanad: Order of Business (Resumed) (2 Jul 2013)

Darragh O'Brien: The Senator would have it today if he supported me.

Seanad: Order of Business (Resumed) (2 Jul 2013)

Darragh O'Brien: For God's sake, surely Senator Marie-Louise O'Donnell understands the point my colleague is making.

Seanad: Order of Business (Resumed) (2 Jul 2013)

Darragh O'Brien: That Bill deals with totally unrelated matters.

Seanad: Order of Business (Resumed) (2 Jul 2013)

Darragh O'Brien: On a point of order, I participated in that debate on behalf of my party. As the Leader knows, the procedures of the House require that such debate be confined to the provisions of the Bill in question.

Seanad: Order of Business (Resumed) (2 Jul 2013)

Darragh O'Brien: The debate did not afford us an opportunity to discuss the code of conduct. For the Leader to claim it did-----

Seanad: Order of Business (Resumed) (2 Jul 2013)

Darragh O'Brien: Hold on, a Chathaoirligh.

Seanad: Order of Business (Resumed) (2 Jul 2013)

Darragh O'Brien: The Bill to which the Leader referred has nothing to do with the code of conduct on mortgage arrears.

Seanad: Order of Business (Resumed) (2 Jul 2013)

Darragh O'Brien: The Leader is claiming that we could have raised the issue with the Minister for Finance last week, but that is absolutely not the case. The Bill to which he referred has nothing to do with the code of conduct.

Seanad: Order of Business (Resumed) (2 Jul 2013)

Darragh O'Brien: Is the Leader suggesting we use the time allocated today for Report Stage of that Bill to raise this issue with the Minister?

Seanad: Order of Business (Resumed) (2 Jul 2013)

Darragh O'Brien: It is not all that long ago when Senator Trevor Ó Clochartaigh did not believe in the Constitution at all.

Seanad: Order of Business (Resumed) (2 Jul 2013)

Darragh O'Brien: There was not.

Seanad: Order of Business (Resumed) (2 Jul 2013)

Darragh O'Brien: Yes.

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Darragh O'Brien: Is that the Minister, Deputy Shatter's, book.

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Darragh O'Brien: I am sorry.

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Darragh O'Brien: The Minister of State is very welcome. I am taking up advice I received from the Leader of the House, Senator Cummins, this morning-----

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Darragh O'Brien: -----and to follow the words on reform which Senator Barrett spoke. We all want the banking sector to be reformed. The amendment is sensible and I hope the Minister of State will accept it. I have participated in the debate on the Bill from Second Stage on. A great many good suggestions have been put forward by Members on all sides. In the context of banking reform and Central Bank...

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Darragh O'Brien: It may be. I have tried to raise it on a number of occasions over the past week in advance of this being published. I was told this morning by Senator Cummins that the opportunity to raise it would be here this evening during the debate on the Bill. I see that there is a problem with doing that, but we have not, unfortunately, been provided with any time to discuss the new code of conduct...

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Darragh O'Brien: I respect fully what the Cathaoirleach is saying. The protection that was previously afforded to those in mortgage arrears has been removed. My next point may be more in order. We talk about supervision and enforcement in the Bill and we would like the banks to co-operate. Banks refer consistently to co-operating and non-co-operating borrowers. Has Government, or the Central Bank, set out...

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Darragh O'Brien: The Government and, in particular, the Central Bank have removed many of the protections which were there. I am interested to hear from the Minister of State what the rationale was for loosening or removing the safety net for those in mortgage arrears. Having spoken to people in all walks of life, it appears the code of conduct is far from what is required. It worries me immensely. Is it...

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Darragh O'Brien: On four occasions, the House has voted down an opportunity to discuss this. I hope the Minister of State might refer to it.

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