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Seanad: Order of Business (Resumed) (2 Jul 2013)

Martin Conway: It is totally frustrating to see the Central Bank release the handcuffs on these financial institutions. Will the Leader schedule a debate specifically on the code of conduct to ensure the bank reflects what the Government and the people want?

Seanad: Order of Business (Resumed) (2 Jul 2013)

Martin Conway: I will not support the amendment because it is political opportunism. I am calling for a measured and meaningful debate on the code of conduct, which should be reviewed after three months.

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Martin Conway: I agree with the substance of Senator Sean D. Barrett's argument for this proposal. His contributions are always very inspiring. It is a shame that the Central Bank did not have his expertise as an economist in recent years. Quality economic expertise seems to have been in very short supply within that institution and the Department. There is still an issue with micro-management at the...

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Martin Conway: I am dealing with the substance of the amendment.

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Martin Conway: It is extremely worrying, even at this stage and in the context of the numbers involved, that the Central Bank sees fit to release the financial institutions to harass and harangue customers. I raised this matter earlier today. I was not, unfortunately, in a position to support the amendment to the Order of Business, even though it was very well intended.

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Martin Conway: I understand there is no time limit on contributions on Report Stage.

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Martin Conway: The Minister of State, Deputy Brian Hayes, is very welcome. I expect that he is more in tune than most of his Cabinet colleagues with the difficulties affecting people in our society. The code of conduct on mortgage arrears should be reviewed in three months time. It is a retrograde step. There were operational issues with the previous code, but the new one will bring out the vulture...

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Martin Conway: I thank the Leas-Chathaoirleach for his latitude.

Seanad: Adjournment Matters: Money Laundering (2 Jul 2013)

Martin Conway: I raise the issue of prize bonds and money laundering regulations on foot of correspondence I have received from the Irish Postmasters' Union. I understand that copies of the same correspondence were sent to all Members of the Oireachtas. Like many thousands of Irish citizens, I own prize bonds. I have never won any money on my prize bonds but I keep them none the less. It is an...

Seanad: Adjournment Matters: Money Laundering (2 Jul 2013)

Martin Conway: Post office workers in County Clare will be delighted to learn that the Ministers are considering ways of allowing more flexibility. We are probably the most compliant country in Europe with all sorts of European regulations and directives. We need to clap ourselves on the back for this, but sometimes it can be a bit mad.

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Martin Conway: I agree with the substance of Senator Sean D. Barrett's argument for this proposal. His contributions are always very inspiring. It is a shame that the Central Bank did not have his expertise as an economist in recent years. Quality economic expertise seems to have been in very short supply within that institution and the Department. There is still an issue with micro-management at the...

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Martin Conway: I am dealing with the substance of the amendment.

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Martin Conway: It is extremely worrying, even at this stage and in the context of the numbers involved, that the Central Bank sees fit to release the financial institutions to harass and harangue customers. I raised this matter earlier today. I was not, unfortunately, in a position to support the amendment to the Order of Business, even though it was very well intended.

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Martin Conway: I understand there is no time limit on contributions on Report Stage.

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Martin Conway: The Minister of State, Deputy Brian Hayes, is very welcome. I expect that he is more in tune than most of his Cabinet colleagues with the difficulties affecting people in our society. The code of conduct on mortgage arrears should be reviewed in three months time. It is a retrograde step. There were operational issues with the previous code, but the new one will bring out the vulture...

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Martin Conway: I thank the Leas-Chathaoirleach for his latitude.

Seanad: Adjournment Matters: Money Laundering (2 Jul 2013)

Martin Conway: I raise the issue of prize bonds and money laundering regulations on foot of correspondence I have received from the Irish Postmasters' Union. I understand that copies of the same correspondence were sent to all Members of the Oireachtas. Like many thousands of Irish citizens, I own prize bonds. I have never won any money on my prize bonds but I keep them none the less. It is an...

Seanad: Adjournment Matters: Money Laundering (2 Jul 2013)

Martin Conway: Post office workers in County Clare will be delighted to learn that the Ministers are considering ways of allowing more flexibility. We are probably the most compliant country in Europe with all sorts of European regulations and directives. We need to clap ourselves on the back for this, but sometimes it can be a bit mad.

Seanad: Order of Business (3 Jul 2013)

Martin Conway: I congratulate Aer Lingus on its terrific announcement that there will be services all year round between Shannon and Chicago and New York. It is further indication that the Government's aviation policy of giving Shannon Airport its independence is working. It is a further boost to the good news we have had this week about the increase in tourism throughout Ireland, in particular from the...

Seanad: Order of Business (3 Jul 2013)

Martin Conway: I am not advocating that.

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