Results 3,181-3,200 of 49,836 for speaker:Stephen Donnelly

An Bille um an gCúigiú Leasú is Tríocha ar an mBunreacht (Aois Intofachta chun Oifig an Uachtaráin) 2015: An Dara Céim - Thirty-fifth Amendment of the Constitution (Age of Eligibility for Election to the Office of President) Bill 2015: Second Stage (25 Mar 2015)

Stephen Donnelly: One initiative the Government undertook to its credit, in the face of this damaging and unhealthy centralisation of power and control freakery, was the convening of the Constitutional Convention. It was a good idea and it seems to have been very well run. The Government should be congratulated for doing that and we should have more of such conventions. However, it is regrettable that...

Water Charges: Motion (Resumed) [Private Members] (25 Mar 2015)

Stephen Donnelly: There is a lot of politics in the Chamber this evening, as well as a lot of emotion, as one would expect in a debate on water charges. It is clearly going to be a key issue in the next election. However, I would like to revisit some of the facts because the numbers tell us pretty much everything we need to know about Irish Water. The money raised from water charges will at most cover...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: I thank both witnesses for their presentations. I have many questions. If I can pull back from the detail that both witnesses gave, within the context of a capital markets union, what are the biggest opportunities? It is very useful to have both witnesses here. We have Chambers Ireland representing producers, but we also have Ms Breheny representing investors in producers. From both...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: Specifically referring to the capital markets union, if it works, what will happen? In the world of venture capital, how will we know it has worked?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: What are the current barriers? Some of them were laid out in Ms Breheny's statement, but what are the biggest barriers? Let us assume that we have a bunch of venture capital firms in Ireland, still fairly small-scale, and we have two hubs in Berlin and London of a bigger scale. We then have a load of cash floating around. It is owned by pension funds, private equity funds, corporates,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: What does that mean in layman's terms?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: Is the idea that one would pool venture capital funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: It is almost a securitisation exercise of venture capital funds. If there are 100 different funds from around Europe with €1 billion to invest, they could not be bothered putting in €10 million each, but they will drop it into a pooled company. We are talking about a layer sitting on top - the intermediary.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: That does not exist right now. Is that right?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: Is that for legislative reasons? Is it not allowed to exist?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: I presume the market could take care of that itself. Ms Breheny and I could decide now that we were going to set up a pan-European venture capital pooling intermediary and then go around to all of the wealth funds and say "Give us €1 billion which we will divvy up between the different venture capital funds". Why is that not happening already?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: In that case, Ms Breheny's organisation would like the State to step in and help set that up.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: As part of the CMU, what should the State do?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: The combination of the European Investment Bank fund and Commission money is looking to do that. They have said they will underwrite the first 7% and are looking for scaling of approximately 15 to 1 of private investment money to public money. They will not get 15 to 1 but that is what they are looking for. They are saying they are willing to underwrite the risk to the tune of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: Are venture capitals allowed to access QE money? Can they go straight to the ECB?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: Can venture capital funds go straight to the EIB and look for it to underwrite some of the risk?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: So they cannot take EIB money. I want to pick up on tax policy. Ms Breheny is in the industry and I accept that her knowledge and expertise on this far exceeds mine. I have spoken to venture capital funds based here and in London, Boston and the Valley. There is a growing pool of venture capital money in Dublin and we are getting an exciting hub here, but whenever I have talked to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: I am talking about the venture capital investors.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: Is that specifically on CGT?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Green Paper on Capital Markets Union: Discussion (31 Mar 2015)

Stephen Donnelly: Has the policy introduced by the Minister of tax relief on the reinvestment of capital gains helped?