Results 3,961-3,980 of 4,002 for speaker:Rose Conway Walsh
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)
Rose Conway Walsh: I welcome that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)
Rose Conway Walsh: How does that compare with switching behaviour in the eurozone as a whole?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)
Rose Conway Walsh: A rate of 4.5% for customers is just too high. I ask the Governor to continue to look at that in his new role and to see how it can be addressed to give a break to customers and mortgage holders. I have several questions but one leads on from my earlier points. With regard to those interest-only products and non-performing loans, I am concerned about the number of mortgages classed as...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)
Rose Conway Walsh: I am stuck for time. Customers are telling me that one day the loan leaves the bank and then he or she is dealing with one vulture fund while the next day it is somebody else, and the next day it could be another fund. Are we monitoring how these loans are being bundled and sold on? This is going back to the original crash. This is an important question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)
Rose Conway Walsh: That is a different question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)
Rose Conway Walsh: The witnesses are missing the point I made about measuring the loans being bundled, sold on, and then being sold on again. The funds get enormous discounts from the banks in the first place and the consumer is in the middle of all of this. The loan is sold to one vulture fund that makes a certain amount and the loan is then sold on again and the new owner makes a certain amount. Lots of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)
Rose Conway Walsh: From Mr. Makhlouf's experience of looking at public banking models internationally, is he of the view that we can refocus on the need for such a banking model here?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)
Rose Conway Walsh: I mean something like the German Sparkasse model.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)
Rose Conway Walsh: Given that we are caught for time, some reports have been done by Irish Rural Link, for example, and perhaps in his new role Mr. Makhlouf could carry out an assessment of those reports and look again at public banking and send a note to the committee on it. We could have a fuller discussion on it then on another day.
- Seanad: An tOrd Gnó - Order of Business (11 Dec 2019)
Rose Conway Walsh: I want to speak about legislation introduced by my colleagues, Deputies Mary Lou McDonald and Maurice Quinlivan, last week in collaboration with Offaly Domestic Violence Support Service, Safe Ireland and SIPTU. I refer to the Organisation of Working Time (Domestic Violence Leave) Bill 2019, which is important legislation. It seeks to provide ten days paid domestic violence leave to women...
- Seanad: Consumer Insurance Contracts Bill 2017: Second Stage (11 Dec 2019)
Rose Conway Walsh: Are we going to speak to the amendments when we get to amendments Nos. 3 to 9, inclusive?
- Seanad: Consumer Insurance Contracts Bill 2017: Second Stage (11 Dec 2019)
Rose Conway Walsh: I do not need to give any long speeches on Second Stage of the Bill. It has been well rehearsed. I will speak on amendments Nos. 3 to 9, inclusive, and address some other concerns that have been raised. I do not need time on Second Stage to do that.
- Seanad: Consumer Insurance Contracts Bill 2017: Second Stage (11 Dec 2019)
Rose Conway Walsh: I thank the Minister of State for his comments. I would be happy to move on to Committee Stage.
- Seanad: Consumer Insurance Contracts Bill 2017: Committee and Remaining Stages (11 Dec 2019)
Rose Conway Walsh: The Senator opposes section 7 because of the concerns expressed by Deputy Penrose during Report Stage in the Dáil. The section, which relates to insurable interests, reflects recommendations made by the LRC that discussed in great detail the issues surrounding insurable interests and whether they should be reformed or abolished. As it stand, claims can be rejected by the insurance...
- Seanad: Consumer Insurance Contracts Bill 2017: Committee and Remaining Stages (11 Dec 2019)
Rose Conway Walsh: I am just opposing what is proposed.
- Seanad: Consumer Insurance Contracts Bill 2017: Committee and Remaining Stages (11 Dec 2019)
Rose Conway Walsh: I am helping the Minister of State.
- Seanad: Consumer Insurance Contracts Bill 2017: Committee and Remaining Stages (11 Dec 2019)
Rose Conway Walsh: The Minister of State should thank me.
- Seanad: Consumer Insurance Contracts Bill 2017: Committee and Remaining Stages (11 Dec 2019)
Rose Conway Walsh: I move amendment No.3: In page 11, line 20, to delete “three years” and substitute “five years on foot of the contract”. Amendments Nos. 3 to 9, inclusive, significantly improve conditions for consumers and businesses when their policies are due for renewal and will strengthen their hands when they are looking for a better deal or are facing unjustified hikes...
- Seanad: Consumer Insurance Contracts Bill 2017: Committee and Remaining Stages (11 Dec 2019)
Rose Conway Walsh: I move amendment No. 4: In page 11, to delete lines 22 and 23, and substitute the following: “(b) a list of any claims, including if such have been made, third party claims, that have been paid, on foot of the contract, by the insurer to the consumer (or, as the case may be, to the third party or parties concerned) in the preceding 5 years, except, where the contract concerned is a...
- Seanad: Consumer Insurance Contracts Bill 2017: Committee and Remaining Stages (11 Dec 2019)
Rose Conway Walsh: I move amendment No. 5: In page 11, line 24, to delete “policy” and substitute “contract”.