Results 8,741-8,760 of 8,768 for speaker:Alice-Mary Higgins
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)
Alice-Mary Higgins: It is the highest interpretation of applicable law.
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)
Alice-Mary Higgins: I am going to come in to some of the guidance for the prospectus regulation.
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)
Alice-Mary Higgins: Mr. Makhlouf has just said that does not apply to or impact, even, on his decision. That is a very interesting thing to have said. The International Court of Justice ruling is law; it is telling the Central Bank what the law is. Is there another space for interpretation of international law that Mr. Makhlouf regards as taking precedence over the ICJ’s interpretation of international law-
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)
Alice-Mary Higgins: No. It is not simply a matter of disagreement because there is a legal issue here, which is fundamental. Mr. Makhlouf has said there is no legal basis to refuse. Is he going to go further and say the International Court of Justice advisory opinion, which informs us, as a fact, that international law obliges states and organs of the state, such as the Central Bank, to prevent trade or...
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)
Alice-Mary Higgins: That contradicts what Mr. Makhlouf said a moment ago.
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)
Alice-Mary Higgins: Does Mr. Makhlouf not agree that the Central Bank has the capacity, under paragraph 88, to consider international law and to bring those criteria into play in the performance of the bank’s function? That is what the bank’s guidance is. It is very clear that it does not say the Central Bank is tied to the connectivity question solely. It says it is at the absolute discretion-----
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)
Alice-Mary Higgins: So, it is a choice fundamentally.
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)
Alice-Mary Higgins: Which law?
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)
Alice-Mary Higgins: All law.
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)
Alice-Mary Higgins: The Central Bank needs to operate within all law but its interpretation of the law in this regard is taking precedence over the International Court of Justice’s interpretation of that law. Is that the case?
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)
Alice-Mary Higgins: Okay.
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)
Alice-Mary Higgins: The Central Bank chose to give that factor precedence in its process. That is, as Mr. Makhlouf says, at the Central Bank's discretion. It is what it has chosen. I will go to the reports recommendations 9 and 10 and the very wide concerns Mr. Makhlouf is hearing from us. This does not cut across anything about the particular. Recommendation No. 9 was: The Joint Committee recommends...
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)
Alice-Mary Higgins: Is Mr. Makhlouf satisfied with this process, as he outlined it? He can hear the frustration among members about the Central Bank’s process in terms of the assessment of prospectuses. For example, in the case of the bank's approval of four prospectuses in a row, the committee put forward that key information was not included in the prospectuses. The committee raised concerns about...
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)
Alice-Mary Higgins: Are there any changes in general in the process that have emerged from that consideration?
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)
Alice-Mary Higgins: I will finish on this point. In reviewing the processes, there is a clear tension and difficulty on the question of international law in terms of-----
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)
Alice-Mary Higgins: Mr. Makhlouf said we are certainly at a point of disagreement. The interpretation he has applied is different from how the ICJ has been interpreted. Does he accept that the Central Bank is a public authority of the Irish State and, as such, it needs to consider the legal obligations on the Irish State in its actions?
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)
Alice-Mary Higgins: Does he have to consider the obligations of the Irish State in the performance of his functions?
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)
Alice-Mary Higgins: The Government itself has been very clear about the applicability of the ICJ ruling.
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)
Alice-Mary Higgins: That is the law.