Results 3,241-3,260 of 4,002 for speaker:Rose Conway Walsh

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019)

Rose Conway Walsh: I again do not share the witnesses' confidence in how the operation works. I would like to discuss the impact on the economy of introducing vulture funds in the first place and then allowing them to gain a greater foothold. Has the Department carried out an analysis of the cost of the tax loopholes, for example, under section 110 of the Taxes Consolidation Act 1997? How much do they cost?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019)

Rose Conway Walsh: Mr. Tobin has said this is a cost to the Exchequer and that some of the language used is alarming, which indicates that if the Bill was to go through, we might have Armageddon. I am trying to look at what the delegates have compared it with. I would have thought it would be basic to look at the section 110 aspects to see what vulture funds were already costing us in terms of manipulation of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019)

Rose Conway Walsh: It is very important that this issue not just be kept under review but also that a cost be put on the process on an annual basis. It is something at which we should look as a committee. I probably took it for granted that the Department would do this. My next question concerns the loans identified as fitting the non-performing criteria. Are the delegates satisfied that all of the loans...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019)

Rose Conway Walsh: It is probably for both sets of delegates, but Mr. Sibley can begin, if he wishes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019)

Rose Conway Walsh: I have come across people who have restructured their mortgage, but they are fulfilling all of their commitments. They are assuming that their loan is performing, whether they are paying interest only or making whatever reduced payment has been arranged. They have been shocked to find out that they are classified as non-performing loans.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019)

Rose Conway Walsh: If it does not meet the categorisation from a Central Bank of Ireland perspective, what would the bank do about it? If people indicated that their mortgage was performing and met the criteria, what would be the bank's course of action?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019)

Rose Conway Walsh: That is what I mean.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019)

Rose Conway Walsh: No, that is fine. The banks can sell performing loans without impediment.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019)

Rose Conway Walsh: Part of the intention is to close off the option of selling the mortgage. Could it have the effect of forcing the banks to offer the write-down to the mortgage holder instead of the vulture fund? If they want to get a loan off their books, why would they not offer the write-down to the mortgage holder?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019)

Rose Conway Walsh: It could include a haircut. I thank Mr. Sibley.

Joint Oireachtas Committee on Social Protection: Indecon Reports on Job Clubs and Local Employment Services: Discussion (2 Apr 2019)

Rose Conway Walsh: I thank the witnesses for their presentations. I have had a great fear regarding the activation process for many years. The witnesses will be aware that it started off in France. It was first mooted many years ago and our Government took it on as being the way forward. Even the European Anti-Poverty Network at the time critically analysed it in terms of what would happen. Since then we...

Seanad: An tOrd Gnó - Order of Business (3 Apr 2019)

Rose Conway Walsh: I welcome the long-awaited move towards equality of farm payments in a vote earlier this week on the Common Agricultural Policy, CAP, post-2020 that took place in the European Parliament's Agriculture and Rural Development Committee. The system of farm payments has been based on historical entitlements, which has served to preserve inequality. It means that some farmers received multiples...

Seanad: An tOrd Gnó - Order of Business (3 Apr 2019)

Rose Conway Walsh: It is near the end of this parliamentary term and the implementation of the 2020-2027 programme will fall to the Parliament to be elected in May. It is vital that Ireland is represented by progressive MEPs who will demand fairness and equality for our farmers. The challenge now rests with the Government to protect the family farm and the agricultural sector, as more autonomy will be given...

Seanad: Public Authorities and Utility Undertakings (Contract Preparation and Award Criteria) Bill 2019: Second Stage (3 Apr 2019)

Rose Conway Walsh: There is much to commend in this Bill, including the effort to improve the public procurement process. It aims to improve the quality of procurement, as well as protect the construction sector from a system that at times focuses predominantly on price at the expense of the construction sector, particularly subcontractors. The Bill focuses primarily on improving the weighting of price and...

Seanad: An tOrd Gnó - Order of Business (4 Apr 2019)

Rose Conway Walsh: That is no problem. I am attending the meeting of the Oireachtas Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach this morning. We have discussed insurance in this House many times. Linda Murray is the owner of Huckleberry's Den play centre in Navan. She has told us that she cannot get insurance. She has 25 days left before she will have to close her centre or the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Small and Medium Businesses: Discussion (4 Apr 2019)

Rose Conway Walsh: I thank our guests, particularly Ms Murray, for sharing their experiences with us. What has been said brings home to us the fact that we have a complete market failure in insurance. We have had report after report, including substantial reports on which this committee worked, but it has not improved and we do not have the transparency we need. I was looking at the eighth progress update...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Small and Medium Businesses: Discussion (4 Apr 2019)

Rose Conway Walsh: It is important to point that out because we are being lulled into a sense that something is happening and that things are moving, with these reports having brought about the impact we had sought.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Small and Medium Businesses: Discussion (4 Apr 2019)

Rose Conway Walsh: That is the problem. Did Mr. Coghlan wish to come in?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Small and Medium Businesses: Discussion (4 Apr 2019)

Rose Conway Walsh: We started off looking at insurance because we had suspicions that a cartel was in operation and that things were going on in the insurance industry that were putting huge premiums on people and that they were basically robbing people. It returns to Ms Murray's comments and what Ms Dorothea Dowling has been saying about the black hole and the amount of claims versus what is taken in. She...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Small and Medium Businesses: Discussion (4 Apr 2019)

Rose Conway Walsh: I am aware of situations in Mayo as well. I was first contacted by a pet farm, which was getting its insurance cover from the UK, and the letter came in the post stating: "We are no longer going to insure you. Goodbye". It has no insurance.