Results 6,401-6,420 of 16,492 for speaker:Ciarán Lynch
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Ciarán Lynch: Some of the companies operating in this area in Britain are very big and must certainly be looking at the Irish market. It is obviously a profitable business area given there are 360,000 operators engaged in it. Would the Central Bank be concerned about interest rates which are in excess of 3,000%, 4,000% and 5,000%?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Ciarán Lynch: The Deputy is halfway through his time and there has not yet been a response.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Ciarán Lynch: The Deputy's point has been made.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Ciarán Lynch: The Deputy must finish so I can bring in the next member.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Ciarán Lynch: They Deputy must allow time for responses as well.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Ciarán Lynch: Deputy, I will move to the next question if you interject once more. Mr. Sheridan should proceed without interruption.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Ciarán Lynch: Deputy-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Ciarán Lynch: I will allow the Deputy his time but he should be measured in his language. Accusations like "criminal" are moving the Deputy outside his own privilege. He should be careful.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Ciarán Lynch: Let us say I borrow €1,000 from a licensed moneylender this afternoon. Will my loan be registered anywhere?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Ciarán Lynch: I call Deputy Pearse Doherty.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Ciarán Lynch: I shall try to get order for the Deputy. I ask members to desist from talking when others are asking questions. Deputy Doherty to continue, without interruption.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Ciarán Lynch: Deputies Aodhán Ó Ríordáin and Arthur Spring are sharing 12 minutes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Ciarán Lynch: Just over two minutes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Ciarán Lynch: Does Deputy Spring have a question?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Ciarán Lynch: I urge the Deputy to be brief because we are running out of time.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Ciarán Lynch: Does the Central Bank have an estimate of how many people do business with unlicensed moneylenders?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Ciarán Lynch: May I clarify Mr. Sheridan's response to Deputy Arthur Spring? Did he say the unlicensed money market was shrinking?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Ciarán Lynch: Mr. Sheridan cannot quantify the extent of the market.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Ciarán Lynch: Perhaps I can summarise where we are at. I am looking at the 360,000 people. That is almost the population of County Cork and a significant number of the population. Leading on from what Deputy Donnelly said, the report has provided some data in this area. I do not believe the 360,000 people can all be put into one silo, as it were, because they fall into different categories and have...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Ciarán Lynch: From my own involvement with the credit unions, there is a great deal of regulation coming from the regulator's office that is being enacted. There are some very simple things. When a person makes repayments on borrowings, a certain amount goes into savings every week. I do it myself as a credit union member. Those two sums have to be separate in two different accounts. There are many...