Results 5,461-5,480 of 13,254 for speaker:Seán Sherlock
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: Does the witness agree with the assertion that CUAC has identified elements of the commission report that are outstanding? If he agrees with that assertion and if those elements of the commission report that are outstanding have not been implemented, what happens?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: Mr. Carville is part of the implementation team.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: What will the Department do if parts of the CUAC report are not implemented?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: That is not a hypothetical question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: This committee is in something of a vacuum. We want to hear what the stakeholders have to say and we want to ensure that there is a vibrant credit union movement into the future. I am not convinced that a sunset is being put on actions or key deliverables within definitive and clearly defined timelines. It seems from what Mr. Carville is saying that the Department is not a million miles...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: Okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: Do the witnesses understand the frustration of the credit unions about the lack of progress?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: I thank Mr. Carville.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: I support what the Chairman says about Mr. Corr. In Mr. Carville's presentation he stated that the credit union policy within his division is well resourced and is headed by Brian Corr. If the head of the credit union policy team cannot be here today in this Parliament and feels that Brussels is of greater importance that is a bad day for our interactions with the Department
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: I wish to support that statement if I may. At the start of the crisis, we were informed there was a €1 billion hole in the credit unions. The Department now informs us the sum involved is €500 million, consisting of €250 million related to restructuring and a further €250 million related to resolution. Of the €250 million provided for one of these two...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: Will the credit unions have their money returned to them?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: Put another way, will the money be returned to us because we are all credit union customers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: This is taxpayers' money.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: There is a restructuring fund and resolution fund in place.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: Mr. Carville should not try to stretch his credibility on this issue.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: They took the money.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: May we have an update in the next quarter on the work of the implementation group? I suggest we send a message to the Department of Finance and the Central Bank that the committee will monitor the work of the bank very closely on behalf of the people we represent. We need clear, identifiable timelines and deadlines because progress has slipped. Contrary to what Mr. Carville said, tiered...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: I do not understand why we have not moved from that point to having tiered regulation under way at this stage in the first quarter of 2017. Many credit unions have done the necessary hard graft and paid thousands of euro in consultancy fees to go through the process. The hub and spoke model was developed in which the bigger entities took on the smaller ones. We have a lot of work to do to...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: How many staff does Ms McKiernan have in her office?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: Some 70 staff. How many people interface with the individual credit unions on a daily basis?