Results 3,961-3,980 of 6,295 for speaker:Michael D'Arcy

Written Answers — Department of Education and Skills: School Playgrounds (29 Mar 2017)

Michael D'Arcy: 89. To ask the Minister for Education and Skills if there are grants available for a school (details supplied) in County Wexford to construct a playground in its grounds; and if he will make a statement on the matter. [15557/17]

Written Answers — Department of Housing, Planning, Community and Local Government: Mortgage to Rent Scheme (4 Apr 2017)

Michael D'Arcy: 313. To ask the Minister for Housing, Planning, Community and Local Government his views on the recently published report following the review of the mortgage to rent scheme for borrowers of commercial private lending institutions, which sets out the percentage of MTR completed cases by lender up to December 2016; the percentage of MTR cases in the pipeline, by lender; and if he will...

Written Answers — Department of Social Protection: Legal Costs (4 Apr 2017)

Michael D'Arcy: 345. To ask the Minister for Social Protection the amount spent on legal and other fees helping workers of a company (details supplied) take their case to the European courts; and if he will make a statement on the matter. [16161/17]

Written Answers — Department of Agriculture, Food and the Marine: GLAS Applications (4 Apr 2017)

Michael D'Arcy: 589. To ask the Minister for Agriculture, Food and the Marine when a GLAS payment will be received by a person (details supplied) in County Wexford; the reason for the delay in processing 5,000 applications for payment; and if she will make a statement on the matter. [16270/17]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Michael D'Arcy: I welcome the Governor. May I make a suggestion? As costs are rising, in that trajectory there is always a period of very high movement of house prices. To follow on from what my colleague said, we spent two years with a few other members of this committee in these windowless rooms. There needs to be sufficient flexibility. Professor Lane has mentioned that there are fundamentals. I...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Michael D'Arcy: I am sorry. I do not want to be disrespectful but previous governors, in the period before the recession, used that terminology also. It did not work. It is not going to work. Unless the Governor has the flexibility within his structures to intervene in an intelligent way, I think we could be whistling past the recessionary graveyard again. That is not something any of us want to happen....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Michael D'Arcy: I think that would be helpful.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Michael D'Arcy: While there is a focus on the domestic property market, the commercial real estate market was the sector that collapsed the banks and the Irish economy with it. Is Professor Lane satisfied with the analysis that the Central Bank of Ireland is conducting in respect of the commercial real estate, CRE, sector?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Michael D'Arcy: May I revert to trackers? When institutions are no longer trading, liquidators may be appointed. Does the legislation in respect of liquidators have a different impact on those institutions that are trading? Are they able to hide behind legislation that does not give their clients the opportunity to have full redress?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Michael D'Arcy: Will compensation also form part of the remedy?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Michael D'Arcy: I am concerned that the liquidator could use legislation that applies when there is no money available for those clients. Has Mr. Sheridan addressed that issue with the liquidators?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Michael D'Arcy: Have the current loan book owners, all 15 institutions, committed to redress and paying compensation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Michael D'Arcy: If the loan book that originated in an Irish financial institution is now held by an external institution, will Mr. Sheridan clarify that the financial institution which made the original loan is liable? Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Michael D'Arcy: Okay. Is the Governor satisfied that the Central Bank of Ireland is correctly structured currently to try to disallow a property bubble?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Michael D'Arcy: I get a shiver down my back when I hear the Governor speak of capital losses. We would be in a bad space if we were to end up there. Has the Central Bank of Ireland conducted an analysis of the offers that have been made to people who are seeking redress and compensation? What I am trying to find out is whether some financial institutions have tried to get out of their responsibilities on...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Michael D'Arcy: What I am asking is whether there has been an analysis of the bank's offers to people and if so, have the offers been below what the ballpark figure should be?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Michael D'Arcy: Has the Central Bank of Ireland done an analysis of the offers the banks have been making?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Michael D'Arcy: Is Mr. Sheridan stating that he has done an analysis on offers that have been made? Okay. May I ask the Governor about staff in the Central Bank of Ireland? I see that Mr. Sheridan is taking up the role of acting deputy Governor. I wish him the best of luck in that position. How long has he been with the Central Bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Michael D'Arcy: I am not in any way being disparaging, but the Governor and his predecessor came from outside. How many on the board are life employees like Mr. Sheridan who joined the bank 31 years ago? I think I was playing football with the under-12s then. People have come in from outside, but we have a habit of promoting from within. In saying that I am not disparaging anybody's reputation or...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Michael D'Arcy: It is 40-plus.