Results 5,881-5,900 of 6,295 for speaker:Michael D'Arcy
- Seanad: Judicial Council Bill 2017: Report and Final Stages (20 Jun 2019)
Michael D'Arcy: It is a new provision.
- Seanad: Judicial Council Bill 2017: Report and Final Stages (20 Jun 2019)
Michael D'Arcy: No, the Bill has just been recommitted.
- Seanad: Judicial Council Bill 2017: Report and Final Stages (20 Jun 2019)
Michael D'Arcy: This is a new provision which stems from a concern that there should be a person specifically tasked with putting as much preparatory work as possible in train pending the establishment of the Judicial Council. When new bodies are established, much of the vital administrative work often takes place in advance of their establishment. This is specifically contemplated by section 17 of the...
- Seanad: Judicial Council Bill 2017: Report and Final Stages (20 Jun 2019)
Michael D'Arcy: The purpose of this provision is to impose an obligation on a person not to disclose confidential information obtained while performing specific functions, for example, as a member of the committee of the council, a staff member or a consultant. Unauthorised disclosure is an offence which, on summary conviction, carries the penalty of a class A fine, that is, a fine not exceeding...
- Seanad: Judicial Council Bill 2017: Report and Final Stages (20 Jun 2019)
Michael D'Arcy: The key amendment is amendment No. 38 which involves the deletion of section 79(4)(l).Amendments Nos. 36 and 37 are simply a consequential tidying up of the text. For reasons that I need not dwell upon, the Bill which emerged from Committee Stage contained two provisions relating to the publication in the annual report of the name of a judge to whom a reprimand is issued following the...
- Seanad: Judicial Council Bill 2017: Report and Final Stages (20 Jun 2019)
Michael D'Arcy: I do not think that we can have a blanket provision which mandates the disclosure of a judge in all circumstances. Non-publication will always be an exceptional step. In addition to the examples I gave previously, it is possible to imagine that there may be circumstances where the naming of a judge might have unintended consequences in terms of its impact on third parties. I am thinking...
- Seanad: Judicial Council Bill 2017: Report and Final Stages (20 Jun 2019)
Michael D'Arcy: I want to touch on the insurance side of the Bill. I described the insurance section as a small corner of the Bill, which it is, but we cannot ignore the importance of that corner for businesses throughout the country. I thank the Seanad for its speed and flexibility on Committee and Report Stages. There are a few areas I want to touch upon but I do not have the time to highlight the good...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Articles of Agreement of the International Finance Corporation: Minister of State at the Department of Finance (20 Jun 2019)
Michael D'Arcy: I ask the committee to consider a proposed amendment to the Articles of Agreement of the International Financial Corporation, IFC, which is part of the World Bank Group. In summary, the change to the articles is to increase the voting threshold for approval of future capital increases at the IFC. The Government seeks Dáil approval for this change under Article 29.5.2o of the...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Articles of Agreement of the International Finance Corporation: Minister of State at the Department of Finance (20 Jun 2019)
Michael D'Arcy: Yes.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Articles of Agreement of the International Finance Corporation: Minister of State at the Department of Finance (20 Jun 2019)
Michael D'Arcy: Over five years.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Articles of Agreement of the International Finance Corporation: Minister of State at the Department of Finance (20 Jun 2019)
Michael D'Arcy: Will a decision to implement this come back to the House or the select committee, or is it a matter for the Minister?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Articles of Agreement of the International Finance Corporation: Minister of State at the Department of Finance (20 Jun 2019)
Michael D'Arcy: It does not come back. Once it is sanctioned by the Dáil, it is a matter for the Minister for Finance to conclude at the appropriate time.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Articles of Agreement of the International Finance Corporation: Minister of State at the Department of Finance (20 Jun 2019)
Michael D'Arcy: As such, this is the approval to give the Minister the right to proceed. That is fine. I am happy with it and do not have any further questions.
- Saincheisteanna Tráthúla - Topical Issue Debate: Credit Unions (25 Jun 2019)
Michael D'Arcy: As the Deputy is aware, credit unions are regulated and supervised by the registrar of credit unions at the Central Bank which is the independent regulator for credit unions. Within his independent regulatory discretion, the registrar acts to support the prudential soundness of individual credit unions to maintain sector stability and protect the savings of credit union members. Section 32D...
- Saincheisteanna Tráthúla - Topical Issue Debate: Credit Unions (25 Jun 2019)
Michael D'Arcy: There are copies available.
- Saincheisteanna Tráthúla - Topical Issue Debate: Credit Unions (25 Jun 2019)
Michael D'Arcy: The industry funding levy is not solely applied to credit unions. There is no requirement under regulations for the Minister to consult the CUAC. The Government recognises the important role credit unions play in Irish society as volunteer co-operative financial institutions. Credit unions help to sustain the economy, with more than €2 billion of new lending every year. That is why...
- Seanad: Summer Economic Statement 2019: Statements (26 Jun 2019)
Michael D'Arcy: I welcome the opportunity to speak today on the summer economic statement, SES. The SES constitutes a key part of our improved budgetary process and provides the basis for fiscal policy formulation in advance of budget 2020. It outlines, in broad terms, the parameters that will frame discussions due to take place at this year's national economic dialogue over the next number of days about...
- Seanad: Summer Economic Statement 2019: Statements (26 Jun 2019)
Michael D'Arcy: It is €700 million.
- Seanad: Summer Economic Statement 2019: Statements (26 Jun 2019)
Michael D'Arcy: I hope Senator Conway-Walsh will wait for my response.
- Seanad: Summer Economic Statement 2019: Statements (26 Jun 2019)
Michael D'Arcy: She is going to run out. Senator Conway-Walsh comes in and says what she says, kicks boots around the place and then walks out.