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Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: National Lottery Bill 2012: Committee Stage (27 Mar 2013)

Ciarán Lynch: I once tabled an amendment which merely changed a date. It was changed on Report Stage but it referred to a date which had been incorrectly cited by a Minister and it was refused in this very room. I welcome the change of approach.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: National Lottery Bill 2012: Committee Stage (27 Mar 2013)

Ciarán Lynch: Currently, a person who wins the lotto can remain anonymous.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: National Lottery Bill 2012: Committee Stage (27 Mar 2013)

Ciarán Lynch: Will that remain the case?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: National Lottery Bill 2012: Committee Stage (27 Mar 2013)

Ciarán Lynch: A person does not have to be tax compliant to win the lotto either, as witnessed on live television.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: National Lottery Bill 2012: Committee Stage (27 Mar 2013)

Ciarán Lynch: Amendments Nos. 45 to 51, inclusive, are related and will be discussed together by agreement.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: National Lottery Bill 2012: Committee Stage (27 Mar 2013)

Ciarán Lynch: Standard lotteries are justice issues.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: National Lottery Bill 2012: Committee Stage (27 Mar 2013)

Ciarán Lynch: I thank the Minister and his officials for attending today.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Message to Dáil (27 Mar 2013)

Ciarán Lynch: In accordance with Standing Order 87, the following message will be sent to the Dáil: The Select Sub-Committee on Public Expenditure and Reform has completed its consideration of the National Lottery Bill 2012 and has made amendments thereto.

Written Answers — Department of Finance: Public Interest Director Responsibilities (28 Mar 2013)

Ciarán Lynch: To ask the Minister for Finance if he is satisfied with the performance of the public interest director who sits on the remuneration committee of the Bank of Ireland; if he is satisfied that it is appropriate to increase directors' fees in a loss-making bank in which the State has a 15% interest; and if he will make a statement on the matter. [15773/13]

Written Answers — Department of Finance: Banking Sector Remuneration (28 Mar 2013)

Ciarán Lynch: To ask the Minister for Finance his views on whether it is appropriate that the Governor of the Bank of Ireland, who receives a substantial salary for his part-time position is also retained as a consultant to the same bank; and if he will make a statement on the matter. [15774/13]

Written Answers — Department of Health: Hospital Waiting Lists (28 Mar 2013)

Ciarán Lynch: To ask the Minister for Health the plans in place to reduce the requirement for patients awaiting admission to Cork University Hospital to remain on trolleys for extended periods; the measures in place to ensure the privacy and dignity of patients while on trolleys; the way patients on trolleys can be assured of adequate medical attention; and if he will make a statement on the matter. [15808/13]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee (28 Mar 2013)

Ciarán Lynch: The committee is in public session. No. 8 is consideration of correspondence item 2013/462. It was agreed at the previous meeting to discuss this correspondence item in public at the next joint committee meeting. Further to the receipt of this item, new correspondence on this subject has been received. I can confirm that the IBOA has written to the joint committee notifying that it is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee (28 Mar 2013)

Ciarán Lynch: The correspondence is fairly clear. The IBOA is withdrawing its request to appear before the committee. If it wishes to write to us again seeking to appear before the committee it can do so. I will read the letter. Re - IBOA The Finance Union. Dear Mr. Lynch, I refer to our previous correspondence and request to address the Finance Committee. I wish to withdraw that request on...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (28 Mar 2013)

Ciarán Lynch: Item No. 9 is decisions taken at the Joint Sub-Committee on EU Scrutiny on 13 March 2013, for noting on the public record. Under the terms of reference which established the sub-committee on EU scrutiny, that sub-committee is required to report to the Joint Committee on Finance, Public Expenditure and Reform at regular intervals. The clerk has circulated to members a report of the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Apr 2013)

Ciarán Lynch: No. 6 relates to decisions taken at the Joint Sub-Committee on European Scrutiny on 4 April 2013 which are to be noted on the public record. Under the terms of reference that established the Joint Sub-Committee on European Scrutiny, the sub-committee is required to report to the Joint Committee on Finance, Public Expenditure and Reform at regular intervals. The clerk has circulated to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Ciarán Lynch: No. 7 is scrutiny of COM (2012) 280 which relates to a framework for the recovery and resolution of credit institutions and investment firms in the European Union. I welcome Mr. Aidan Carrigan, Mr. Pat Casey, Mr. Kevin Nolan, Ms Mairéad McGuinness and Mr. Cathal Sheridan from the Department of Finance and Mr. Greg Dempsey and Mr. Greg Lavelle from the Central Bank of Ireland. Mr....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Ciarán Lynch: I thank Mr. Carrigan for his very comprehensive briefing. We will limit the first round of questions and answers to 12 minutes and bring people back in for a second round if necessary. Is that agreed? Agreed. I will ask some questions to get the ball rolling. In addition to the implementation of the capital requirement regulation, the capital requirement directive and the bank recovery...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Ciarán Lynch: Let us say a bank has a significant high-street retail structure and also a very significant investment arm. I understand each of these arms will be siloed separately so contagion will not spread from one to the other, and so the investment side of the bank will not collapse and transfer the contagion to the depositor or retail side. The Department of Finance has made a recommendation in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Ciarán Lynch: I would appreciate it if we were forwarded a note on it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Ciarán Lynch: Mr. Carrigan mentioned the report produced in the United Kingdom. Reference was also made in the United Kingdom to how bankers' bonuses are to be dealt with. One of the key tenets of the capital requirements directive was the restriction on bank bonuses and the strict requirement for a linkage between fixed and variable remuneration in terms of what constitutes set increment payments and...

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