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Written Answers — Department of Health: Medical Card Applications (11 Nov 2014)

Richard Boyd Barrett: 335. To ask the Minister for Health if he will grant a medical card in respect of a person (details supplied); and if he will make a statement on the matter. [42735/14]

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Richard Boyd Barrett: This is the section on authorisation.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Richard Boyd Barrett: This chapter enables the bank to authorise an ICAV which is not authorised under the UCITS regulations. A concern I expressed, which is my primary concern, is that this seems to be a mechanism to encourage activity in this area without appropriate regulation and that there is a lesser regulatory burden on these ICAVs than there might otherwise be. Given that it is lack of regulation in the...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Richard Boyd Barrett: To be authorised as an ICAV-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Richard Boyd Barrett: -----because it does not have to go through the UCITS process.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Richard Boyd Barrett: It has to be one or the other.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Richard Boyd Barrett: I will flag my concern. I need to look into the UCITS regulations because one is flying blind in a situation like this one where one does not know how one compares to the other in terms of the level of regulatory burden and obligation. I am concerned, particularly when I look at some of the promotional material from KPMG, Ireland's first tailor-made corporate funds vehicle. Essentially, it...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Richard Boyd Barrett: This is strengthening the legislation against possible problems in the of transparency of accounts and clear, true and fair presentation of accounts. This improvement is welcome and I can see the logic of allowing for other accounting standards as long as they meet the criteria. It all seems reasonable enough. However, "true" and "fair" are vague terms. I assume there is more detail as to...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Richard Boyd Barrett: That is reasonable enough. From where is the Minister of State taking the definition of "true and fair"? What are we assessing it against?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Irish Collective Asset-Management Vehicles Bill 2014: Committee Stage (11 Nov 2014)

Richard Boyd Barrett: Let us say somebody challenges a set of accounts and he or she says they are not true and fair, that the company is hiding things behind categories or under certain headings, which can happen. What standing does this term have? I can imagine the company might state it thinks the accounts are true and fair.

Nursing Homes Support Scheme: Motion (Resumed) [Private Members] (12 Nov 2014)

Richard Boyd Barrett: I wish to share time with Deputies Fitzmaurice, Wallace and Tom Fleming. As the Minister, Deputy Varadkar, is aware, ALONE has stated the waiting list for nursing home places is spiralling out of control. Those are pretty dramatic comments. The waiting lists are completely unacceptable for elderly people who are trying to get into nursing home care. I am aware from anecdotal evidence...

Written Answers — Department of Health: Health Services (12 Nov 2014)

Richard Boyd Barrett: 137. To ask the Minister for Health if a person (details supplied) in County Dublin will be given the necessary rehabilitation to enable a return home. [43444/14]

Written Answers — Department of Environment, Community and Local Government: Water Services Infrastructure (12 Nov 2014)

Richard Boyd Barrett: 160. To ask the Minister for Environment, Community and Local Government if he will provide a breakdown of the water infrastructure system on a county basis, in terms of the amount of the water system consists of lead piping and the amount which consists of asbestos piping; and if he will make a statement on the matter. [43378/14]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Richard Boyd Barrett: I thank the representatives of Permanent TSB for attending. From its figures presented to us, 179 people have had properties repossessed. In 195 more cases, the bank has got a judgment for repossession. There is then a whopping 3,945 cases in which court proceedings have been initiated. Notwithstanding that the number of people in arrears over 90 days is falling, the bank still has large...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Richard Boyd Barrett: Time is running out. I appreciate the points Mr. O'Sullivan is making, but I strongly suspect that people who are in extreme financial difficulty - those who have been worst hit by the economic crisis, unemployment and very low incomes - are probably burying their heads in the sand because they know that the bank has nothing to offer them and that they are facing the prospect of their homes...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Richard Boyd Barrett: Earlier this week New Beginning made a proposal outlining that it had investors behind it where they would buy up many of the really troubled mortgages in arrears and they would be able to offer solutions such as mortgage to rent to keep people in their homes by hook or by crook in a way that the banks seemed to be unable to do. How can it do this? While what it is doing would not be my...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)

Richard Boyd Barrett: I have one last one-line question.

Joint Oireachtas Committee on Public Service Oversight and Petitions: Role and Remit: Financial Services Ombudsman (12 Nov 2014)

Richard Boyd Barrett: I thank the Ombudsman's office for its report and submission. Am I right in saying there have been approximately 6,000 complaints this year - 3,000 in the first quarter and 3,000 in the second?

Joint Oireachtas Committee on Public Service Oversight and Petitions: Role and Remit: Financial Services Ombudsman (12 Nov 2014)

Richard Boyd Barrett: I meant for 2013.

Joint Oireachtas Committee on Public Service Oversight and Petitions: Role and Remit: Financial Services Ombudsman (12 Nov 2014)

Richard Boyd Barrett: The biggest bloc of complaints is in the insurance sector and the second in banking. Is there a pattern to the complaints in these two areas? Are many complaints of a similar type?

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