Results 4,021-4,040 of 16,492 for speaker:Ciarán Lynch

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: I am going to bring this to an end. A vote has been called in the Dáil, which gives us eight minutes and allows Deputy Donnelly in for the next six minutes so that we can bring things to a conclusion rather than having to bring back everybody after a vote.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: I thank Mr. Spring and Dr. Somers for appearing before the committee and for assisting us in our examination of the role of public interest directors. I propose that we suspend for 30 minutes, following which we will scrutinise EU legislative proposals in regard to the European banking union.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Ciarán Lynch: I call the meeting to order to discuss scrutiny of EU legislative proposals, COM (2012) 510 final, COM (2012) 511 final and COM (2012) 512 final on European banking union. I welcome Mr. Aidan Carrigan, Mr. Pat Casey, Mr. Kevin Nolan and Mr. Liam Morris from the Department of Finance and Ms Mary Burke, head of prudential policy supervision in the Central Bank of Ireland. The format of the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Ciarán Lynch: I wish to advise the witnesses that by virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute privilege in respect of the evidence they are to give to this committee. If they are directed by it to cease giving evidence on a particular matter and continue to so do, they are entitled thereafter only to qualified privilege in respect of their evidence. They...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Ciarán Lynch: I understand the participating countries will be fewer than the entire EU membership, where does Great Britain stand on this? We had some meetings with their finance committee and some colourful characters on that committee would have a particular view, the Rt. hon. Paul Beresford has a particular view of where this is going. Has the UK signed up to this Supervisory Authority?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Ciarán Lynch: That is what I am leading up to.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Ciarán Lynch: Foreign banks such as Ulster Bank, Bank of Scotland, Danske Bank and other European banks operate in the Irish market. Could we have banks operating in the Irish market that are being supervised and others that are not part of the supervisory process?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Ciarán Lynch: This will have massive structural aspects for the Central Bank and for the Department of Finance when it is rolled out. In terms of the banks that are being wound up, is there a possibility that IBRC could be under the supervision of the SSM board?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Ciarán Lynch: I thank Mr. Carrigan.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Ciarán Lynch: May I make an interjection? Meetings have a determined period of time. I have been sitting here since 9.30 a.m.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Ciarán Lynch: I have one simple question. In terms of supervision, does the person appear before the Dáil or the European Parliament? Are the witnesses saying they are accountable to parliament?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Ciarán Lynch: Not the national parliaments.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Ciarán Lynch: There is an analogy with architecture in a semi-state of construction. Perhaps I could make a request that in quarters one and two the witnesses come back and let us know how this is working out in terms of construction, whether we are at first joists stage, roof or wherever.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)

Ciarán Lynch: With that said, I thank the officials from the Department of Finance for the briefing. I do not believe there is any other business. As this is the final committee meeting of 2012, I avail of the opportunity to extend the season's greetings to everyone and wish you all the best for 2013. We have had a very busy 2012 and I certainly had since my arrival. I express my gratitude and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Freedom of Information (Amendment) Bill: Discussion with Minister for Public Expenditure and Reform (10 Jan 2013)

Ciarán Lynch: We are meeting the Minister for Public Expenditure and Reform, Deputy Brendan Howlin, to discuss the general scheme of the freedom of information (amendment) Bill. I welcome the Minister and his officials. The Minister has supplied his full opening address, which we will take as read, as was proposed when it was issued earlier by the clerk. We will then deal with the main points to be...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Freedom of Information (Amendment) Bill: Discussion with Minister for Public Expenditure and Reform (10 Jan 2013)

Ciarán Lynch: I understand the Minister will be with us until 4 p.m.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Freedom of Information (Amendment) Bill: Discussion with Minister for Public Expenditure and Reform (10 Jan 2013)

Ciarán Lynch: I will try to divide up the time evenly. Has the Minister set out a timeframe as to when he hopes the legislation will be passed and enacted?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Freedom of Information (Amendment) Bill: Discussion with Minister for Public Expenditure and Reform (10 Jan 2013)

Ciarán Lynch: The Bill contains significant provisions to extend the powers of the Ombudsman and reduce fees. Of the three issues I wish to raise, the first is that of the non-public bodies now falling under the legislation - for example, NGOs that receive the majority or largest portion of their funding from the State's coffers. Will they be required to make full disclosures of all information, be it...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Freedom of Information (Amendment) Bill: Discussion with Minister for Public Expenditure and Reform (10 Jan 2013)

Ciarán Lynch: No.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Freedom of Information (Amendment) Bill: Discussion with Minister for Public Expenditure and Reform (10 Jan 2013)

Ciarán Lynch: For example, the Private Residential Tenancies Board, PRTB, will fall under the legislation in light of the recent Residential Tenancies Act. We are referring to NGOs or non-statutory organisations that provide a public service or fulfil a public function. Will charitable organisations that receive significant sums, be they housing agencies or other bodies, fall within the Bill's remit?