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Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Engagement with the NTMA on Matters Relating to its Operation (22 Jul 2025)

Cian O'Callaghan: Is it correct that more Israeli bonds were purchased in 2024?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Engagement with the NTMA on Matters Relating to its Operation (22 Jul 2025)

Cian O'Callaghan: What Mr. O'Connor is saying in terms of the decision-making process is that it was done across the board on the whole set of bonds and it was not specific to the Israeli bonds

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Engagement with the NTMA on Matters Relating to its Operation (22 Jul 2025)

Cian O'Callaghan: .Given that Israel was explicit that its bonds were used to part finance what it refers to as its war campaign but what across the political spectrum, including the Taoiseach and Tánaiste recognises as genocide, why was public Irish money used to buy additional Israeli bonds in 2024?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Engagement with the NTMA on Matters Relating to its Operation (22 Jul 2025)

Cian O'Callaghan: Is there no consideration given to war and genocide? I appreciate it is not an endorsement but the Israeli Government was quite clear that these funds are being used in part to massacre people in Gaza. Is there no consideration given to that? Is no one saying this is a bad idea because these funds are being used in an appalling way and humans are being massacred? Does that and should that...

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Engagement with the NTMA on Matters Relating to its Operation (22 Jul 2025)

Cian O'Callaghan: In Mr. O'Connor's view if the Oireachtas does not want to see this happen it has to be explicit in its legislation. Does he believe the Oireachtas or the Government needs to be explicit in its instruction this should not happen?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Engagement with the NTMA on Matters Relating to its Operation (22 Jul 2025)

Cian O'Callaghan: How much of ISIF funds are invested directly or indirectly in occupied Palestinian territories?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Engagement with the NTMA on Matters Relating to its Operation (22 Jul 2025)

Cian O'Callaghan: Given that the largest displacement of Palestinian people in the West Bank since 1967 is happening now according to the United Nations, does that not influence any decisions that we should divest on those holdings straightaway?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Insurance Matters: Engagement with the Alliance for Insurance Reform (17 Sep 2025)

Cian O'Callaghan: I am going to get into detail on the additional reforms Mr. Hanley has been asking about but first want to refer to the key point on benefits being passed on. We are here years later and there are still struggling businesses, voluntary and community groups and sports clubs. They are doing their absolute best to keep everything moving, and households are under huge pressure as well. The...

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Insurance Matters: Engagement with the Alliance for Insurance Reform (17 Sep 2025)

Cian O'Callaghan: It was stated that profits here were 13% in 2023, which is more than double what international norms are. Will Mr. Hanley provide more detail on that? Are there any examples of what the norms are in the UK, France or Germany?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Insurance Matters: Engagement with the Alliance for Insurance Reform (17 Sep 2025)

Cian O'Callaghan: Mr. Hanley talked about the office to promote competition in the insurance market needing to be properly resourced, given KPIs and have a published strategy. Will he talk us through, from his understanding, what the current situation is with that office? The fact is it does not have a published strategy or KPIs and is not properly resourced. What is going on there?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Insurance Matters: Engagement with the Alliance for Insurance Reform (17 Sep 2025)

Cian O'Callaghan: On controlling legal costs, Mr. Hanley talked about fee scales being introduced. Are there precedents on that he can tell us about?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Insurance Matters: Engagement with the Alliance for Insurance Reform (17 Sep 2025)

Cian O'Callaghan: I thank Mr. Hanley very much for attending and for his opening statement. The situation is very serious but there have been very significant reforms over the years. Despite the fact that claim volumes fell by 40% between 2019 and 2023, average premiums went up 9% in the first half of last year and insurers' profits are increasing at a rate of about 13%, which Mr. Hanley said is twice the...

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Insurance Matters: Engagement with the Alliance for Insurance Reform (17 Sep 2025)

Cian O'Callaghan: Is it understaffed? Is it under-resourced?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Insurance Matters: Engagement with the Alliance for Insurance Reform (17 Sep 2025)

Cian O'Callaghan: The submission the Alliance for Insurance Reform made to the public consultation on insurance reform stated that the central claims database should be managed by the Injuries Resolution Board rather than by Insurance Ireland. Will Mr. Hanley talk us through that? How could that be done? What are the challenges around getting the management of that transferred? What would the benefits be?

Written Answers — Department of Foreign Affairs and Trade: Foreign Conflicts (8 Sep 2025)

Cian O'Callaghan: 69. To ask the Minister for Foreign Affairs and Trade if the Government will condemn the attacks by the rapid support forces in Sudan which has left thousands dead and hundreds more still missing; the action he will take on an international level to assist; and if he will make a statement on the matter. [46757/25]

Written Answers — Department of Transport, Tourism and Sport: Aer Lingus (8 Sep 2025)

Cian O'Callaghan: 270. To ask the Minister for Transport, Tourism and Sport if he will take action to ensure that the pension scheme for retired Aer Lingus workers is restored to its pre-2015 level; if he is aware of the financial hardships the reductions have caused these pensioners; and if he will make a statement on the matter. [44725/25]

Written Answers — Department of Finance: Banking Sector (8 Sep 2025)

Cian O'Callaghan: 512. To ask the Minister for Finance if he will consider introducing legislation (details supplied) that will ensure mortgage holders are making repayments that accurately reflect their loan to value ratio; and if he will make a statement on the matter. [45143/25]

Written Answers — Department of Finance: International Agreements (8 Sep 2025)

Cian O'Callaghan: 515. To ask the Minister for Finance if his Department is working on setting up a double taxation agreement with Brazil; and if he will make a statement on the matter. [45250/25]

Written Answers — Department of Finance: State Bodies (8 Sep 2025)

Cian O'Callaghan: 519. To ask the Minister for Finance if he will provide a list of all investments held by the Ireland Strategic Investment Fund in companies directly or indirectly associated with operations in the occupied Palestinian territories; and if he will make a statement on the matter. [45697/25]

Written Answers — Department of Finance: Interest Rates (8 Sep 2025)

Cian O'Callaghan: 551. To ask the Minister for Finance if his Department has examined the introduction of a pass through protocol for variable mortgage customers who have not seen their rates change in line with European Central Bank cuts; and if he will make a statement on the matter. [46539/25]

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