Results 7,261-7,280 of 16,537 for speaker:Brian Lenihan Jnr
- Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)
Brian Lenihan Jnr: On the board of directors, Deputy Charles Flanagan is correct. The company law and fiduciary obligations of directors have coloured how we have drafted the paragraphs of the scheme. The Deputy will notice in the terms of the paragraph, "in order to promote the public interest", so the purpose of the appointment is to promote the public interest, but it is not in the public interest. The...
- Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)
Brian Lenihan Jnr: It is never powerless to be in the boardroom. Those in the boardroom know what is going on.
- Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)
Brian Lenihan Jnr: They will have a vote on the board and will belong to a panel of persons whom I will choose, not one selected by the banking system. Deputy Burton expressed a view earlier on the appropriate type of person that should be appointed and I would be interested in the views of Deputies, short of naming names in the House, on the type and calibre of person they would like to see occupying these...
- Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)
Brian Lenihan Jnr: Without getting to names, Opposition Deputies could recommend the type of person. Reference was made during the debate to public servants. There are public servants who have never had any private engagements on the termination of their period of service in the public service and are willing to act in the public interest. There are people in this House who could act in the public interest....
- Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)
Brian Lenihan Jnr: Deputy Charles Flanagan asked about capitalisation and an expectationââ
- Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)
Brian Lenihan Jnr: I have regular discussions with the chief executives of the two principal financial institutions and I have raised these matters in those discussions, but I do not want to elaborate on the contents of those.
- Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)
Brian Lenihan Jnr: With regard to the powers of the Financial Regulator, there are extensive powers in the scheme.
- Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)
Brian Lenihan Jnr: A number of powers to patrol business practices are laid out in the scheme. I have the power to withhold approval from the covered institutions to acquire shares in other financial institutions and to prohibit them from establishing subsidiaries or entering into new businesses, if I believe that is appropriate. I also have the power to set rules governing the declaration and payment of...
- Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)
Brian Lenihan Jnr: That is, in fact, part of an initiative of mine to ensure that we proceed more rapidly than we have with our national payments strategy.
- Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)
Brian Lenihan Jnr: The Department of Finance commissioned research into financial exclusion in Ireland in 2005. The resulting report, entitled Financial Exclusion in Ireland: an exploratory study and policy review, estimated that approximately 11% of the Irish population was unbanked. Those who were over 65, retired or unemployed were most likely to be unbanked. Within this 11% it was estimated that 3% were...
- Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)
Brian Lenihan Jnr: I was asked a number of questions about how we are going to promote a sense of corporate responsibility.
- Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)
Brian Lenihan Jnr: On the issues of financial education and social financeââ
- Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)
Brian Lenihan Jnr: If the Deputies do not want me to put this information on the record of the House, I will desist from doing so.
- Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)
Brian Lenihan Jnr: The Deputies did not allow me to finish.
- Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)
Brian Lenihan Jnr: Like other Members, Deputy O'Donnell is anxious to discuss recapitalisation of banks.
- Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)
Brian Lenihan Jnr: The charge is under discussion today and is in the scheme.
- Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)
Brian Lenihan Jnr: Recapitalisation is not in the scheme. If there were any question on recapitalisation I would immediately approach the Opposition spokespersons and brief them on it. I remind the House that last week the chief executives of a particular British financial institution were observed entering No. 10 Downing Street and it was suggested that the visit was about the capitalisation of the...
- Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)
Brian Lenihan Jnr: I am sorry but I am in possession.
- Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)
Brian Lenihan Jnr: There is a commitment in the scheme to a six-monthly report and on foot of the report the Minister can be questioned by the Joint Committee on Finance and the Public Service.
- Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)
Brian Lenihan Jnr: Deputy Creed asked about a sunset clause and the scheme has one.