Results 4,761-4,780 of 4,810 for speaker:Liam Twomey
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (25 Nov 2015)
Liam Twomey: I ask Mr. Hosford to be brief.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (25 Nov 2015)
Liam Twomey: Deputies Marcella Corcoran Kennedy and Arthur Spring are sharing time and can decide how they want to proceed themselves.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (25 Nov 2015)
Liam Twomey: Deputy Arthur Spring's time has concluded.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (25 Nov 2015)
Liam Twomey: Mr. Johnson might send it to the secretariat and we will take it from there.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (25 Nov 2015)
Liam Twomey: The Deputy's time is up. We must move on.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (25 Nov 2015)
Liam Twomey: Deputy Boyd Barrett feels like that sometimes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (25 Nov 2015)
Liam Twomey: Is it not part of the regulations that credit unions can apply to keep those funds? The credit unions do not have to ask people to take funds out.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (25 Nov 2015)
Liam Twomey: We can do that, Deputy McGrath.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (25 Nov 2015)
Liam Twomey: We have had a fairly good debate on this and have had two Private Members' motions also. We are down in the bowels of this place and even though we might think we are on TV, nobody is watching. It is the nature of these committee hearings. In the Dáil Chamber the tone is more "Credit unions, good; Government, bad," and there is nothing in between. There are issues here. A report...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (25 Nov 2015)
Liam Twomey: There is also a contingency fund for this sort of thing. Is that not correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (25 Nov 2015)
Liam Twomey: You have obviously repeated this. This is déjà vufor you. You have said this to the regulator. What did the regulator say to you?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (25 Nov 2015)
Liam Twomey: Let us hear a little more on that. You are saying the regulator is not taking into account the future of the credit unions and that the regulator does not understand the business model of the future for credit unions. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (25 Nov 2015)
Liam Twomey: Surely the regulator understands that the section must be altered to take account of the future. Is that not the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (25 Nov 2015)
Liam Twomey: Mr. Farrell, you made a point earlier. Obviously, you are embedded in this considering your role. Are you saying that the relationship between the credit unions and the regulator needs to be improved dramatically?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (25 Nov 2015)
Liam Twomey: You can imagine many Members in the Parliament will have formal and informal discussions with each other as well as with officials and Ministers on this issue. Can you give me a little background on what you were saying about the honest broker, someone in the Department of Finance? What is the theory behind that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (25 Nov 2015)
Liam Twomey: You are going to bring the amendments. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (25 Nov 2015)
Liam Twomey: Have you outlined most of those concerns to us as well?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (25 Nov 2015)
Liam Twomey: There was a comment on social housing and how credit unions could arrange a fund. Credit unions can do that anyway. Is that correct? If I remember rightly, the Minister of State, Deputy Harris, spoke about this last night. Did he not say there are no restrictions on credit unions organising this?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (25 Nov 2015)
Liam Twomey: Does that require the Minister or the regulator?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (25 Nov 2015)
Liam Twomey: Did Mr. FarreIl say it does not?