Results 761-780 of 32,547 for speaker:Paschal Donohoe

Seanad: Business of Seanad (29 Jun 2010)

Paschal Donohoe: Of course.

Seanad: Business of Seanad (29 Jun 2010)

Paschal Donohoe: I am willing to agree to a suspension until 5.05 p.m.

Seanad: Road Traffic Bill 2009: Second Stage (29 Jun 2010)

Paschal Donohoe: I welcome this legislation which Fine Gael Party will support. The amendments we will propose on Committee Stage will ensure the constructive improvement of the legislation and its most effective operation. A frequent criticism we hear of how politics is conducted in Leinster House is that the Government and the Opposition spend all of their time locked in fruitless battles of exchanges that...

Seanad: Respite Care Services (29 Jun 2010)

Paschal Donohoe: I thank the Chathaoirleach for selecting this matter and Senator Keaveney for allowing me to take her place. I refer to the reduction in funding made available to organisations providing respite care, particularly for children with intellectual disabilities. I became involved in this issue last Thursday in my constituency in which the Sisters of Charity which is based on the Navan Road and...

Seanad: Respite Care Services (29 Jun 2010)

Paschal Donohoe: I ask the Minister to pass on my desperate request to the HSE that it meet the Daughters of Charity on the Navan Road and do all it can to ensure that services are not withdrawn in a week and a half. The Minister said the Government is doing all that is possible to maintain front-line services. These services will go and, to the best of my knowledge, the HSE and the Daughters of Charity...

Seanad: Central Bank Reform Bill 2010: Second Stage (6 Jul 2010)

Paschal Donohoe: I welcome the Minister to the House to discuss this important Bill. The Minister enjoys reading and also, when possible, putting forward a very strong defence of his Government. Given those two factors, I recommend a recently published book to him that covers both those levels, What Did We Do Right? by Michael O'Sullivan and Rory Miller. It makes for very good reading in the present...

Seanad: Central Bank Reform Bill 2010: Second Stage (6 Jul 2010)

Paschal Donohoe: I thank the Minister for that information. The point I mentioned was made in that report, which I had the opportunity to see. Does this Bill not represent an opportunity to examine mechanisms that could be introduced to create living wills for banks, to provide that if they do not deliver and if there is a risk of them becoming insolvent, an organisation such as this would have the power to...

Seanad: Central Bank Reform Bill 2010: Second Stage (6 Jul 2010)

Paschal Donohoe: We have an amendment which is suitable for the Senator.

Seanad: Central Bank Reform Bill 2010: Second Stage (6 Jul 2010)

Paschal Donohoe: The Senator should support amendment No. 23.

Seanad: Central Bank Reform Bill 2010: Second Stage (6 Jul 2010)

Paschal Donohoe: I am not sure the Minister does.

Seanad: Central Bank Reform Bill 2010: Second Stage (6 Jul 2010)

Paschal Donohoe: The Senator should consider amendment No. 23.

Seanad: Central Bank Reform Bill 2010: Second Stage (6 Jul 2010)

Paschal Donohoe: He is not going. He is staying with us.

Seanad: Central Bank Reform Bill 2010: Committee and Remaining Stages (6 Jul 2010)

Paschal Donohoe: I move amendment No. 2: In page 10, before section 4, but in Part 2, to insert the following: 4.—The Governor of the Central Bank and the Head of Financial Regulation shall present to the Houses of the Oireachtas an appraisal of the Recommendations of the Statutory Commission of Investigation on the Banking system within 3 months of such Commission completing its work.". We had much...

Seanad: Central Bank Reform Bill 2010: Committee and Remaining Stages (6 Jul 2010)

Paschal Donohoe: I move amendment No. 4: In page 12, between lines 1 and 2, to insert the following: "(9) Within one year of the enactment of this Act, and each year thereafter, the Agency shall publish an assessment of the performance of the Commission in protecting consumer interests through its regulations, orders, codes of practice and other activities.". I thank the Minister, Deputy Brian Lenihan, for...

Seanad: Central Bank Reform Bill 2010: Committee and Remaining Stages (6 Jul 2010)

Paschal Donohoe: I move amendment No. 7: In page 18, between lines 2 and 3, to insert the following: "(6) Regulations under this section shall be laid before each House of the Oireachtas and shall come into force after 21 sitting days, during which time a motion may be tabled in either House to amend or annul the regulations.". The amendment addresses a difficulty regarding organisations such as this. It...

Seanad: Central Bank Reform Bill 2010: Committee and Remaining Stages (6 Jul 2010)

Paschal Donohoe: Why does the Minister believe it is necessary to specify in subsection (4) the offices held by persons covered by the pre-approved control provisions included in the legislation? If one specifies the offices that will be subject to the terms of legislation, there is a temptation - as happened in the past - for the organisation one is regulating to create another job that does not carry of...

Seanad: Central Bank Reform Bill 2010: Committee and Remaining Stages (6 Jul 2010)

Paschal Donohoe: I am not sure it is covered. The section is clear. Subsection (4)(a) reads"... any of the following positions or offices ...". It also reads: "(i) the office of director; (ii) the office of chief executive; (iii) the office of secretary; (iv) subject to ... [ an earlier] subsection ..., an office or position ...". By being so specific about such offices, does this not create an...

Seanad: Central Bank Reform Bill 2010: Committee and Remaining Stages (6 Jul 2010)

Paschal Donohoe: Section 50 reads: "The Bank may issue a code setting out standards of fitness and probity for the purposes of this Part." My point stands. In other legislation regulating an organisation the Minister or the regulator has the ability to define any other post he or she deems fit as falling within the scope of the legislation. For example, if this provision were to cover a person involved in...

Seanad: Central Bank Reform Bill 2010: Committee and Remaining Stages (6 Jul 2010)

Paschal Donohoe: I move amendment No. 9: In page 38, between lines 8 and 9, to insert the following: "(2) The code shall not come into force until it has been submitted to the Minister for Finance who shall submit it for consideration and approval by the Houses of the Oireachtas or a Committee of the Houses of the Oireachtas designated to deal with such matters.". Given the discussion we had on the importance...

Seanad: Central Bank Reform Bill 2010: Committee and Remaining Stages (6 Jul 2010)

Paschal Donohoe: I do not think the code is quite narrow. It allows very generous latitude to the banks to set out the standards in question. None the less, I understand the importance of the independence of the Central Bank and ensuring it is free from unnecessary political interference as opposed to direction.