Results 8,981-9,000 of 16,537 for speaker:Brian Lenihan Jnr
- Written Answers — Departmental Agencies: Departmental Agencies (26 Feb 2009)
Brian Lenihan Jnr: The approved manpower complement for the Financial Regulator for 2009 is 380. Of this 380, 30.6 (8%) are at senior management level; 225 (59%) at senior officer level and 124.4 (33%) clerical/administrative support. The actual staffing level in the Financial Regulator at 31st January 2009 was 371.6, resulting in 8.4 vacancies. In November 2008, the Financial Regulator advertised to fill an...
- Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Order for Second Stage (3 Mar 2009)
Brian Lenihan Jnr: I move: "That Second Stage be taken now."
- Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage (3 Mar 2009)
Brian Lenihan Jnr: I move: "That the Bill be now read a Second Time." I thank the House for agreeing to discuss this Bill at short notice. The Bill is needed to allow the State through the National Pensions Reserve Fund, NPRF, to invest in Allied Irish Bank and Bank of Ireland under the terms of the recapitalisation programme announced by the Government on 11 February and debated in the House the next day. The...
- Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage (3 Mar 2009)
Brian Lenihan Jnr: No, the Bill is being used as a convenience to address the issue. Regrettably, this will not represent a major windfall for the Exchequer. Ulysses Securitisation plc holds some â¬127 million in cash but it is already borrowed by the Exchequer as ways and means borrowing. Therefore, this amendment will not represent an improvement in the fiscal arithmetic. Rather, it is a legal tidying up...
- Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage (3 Mar 2009)
Brian Lenihan Jnr: I am still searching. The Bill includes a provision amending the Markets in Financial Instruments and Miscellaneous Provisions Act 2007 to enable the Minister for Finance to make regulations requiring that certain information relating to transactions in financial instruments must be disclosed to the Financial Regulator, the market or both. Certain financial instruments can be used to acquire...
- Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage (3 Mar 2009)
Brian Lenihan Jnr: Keep telling that to the markets.
- Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage (3 Mar 2009)
Brian Lenihan Jnr: How would this type of bad bank be funded?
- Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage (3 Mar 2009)
Brian Lenihan Jnr: It would still have to be funded.
- Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage (3 Mar 2009)
Brian Lenihan Jnr: I ask again how it would be funded.
- Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage (3 Mar 2009)
Brian Lenihan Jnr: Fine Gael's proposal would require â¬15 billion.
- Public Finances: Motion (3 Mar 2009)
Brian Lenihan Jnr: I move amendment No. 1: To delete all words after "Dáil Ãireann" and substitute the following: commends the Government for its continued vigilance and management of the economy and public finances which has enabled Ireland to meet the current difficult economic challenges from a position of relative strength; notes that Budget 2009 announced measures designed to raise almost â¬2 billion in...
- Public Finances: Motion (3 Mar 2009)
Brian Lenihan Jnr: With persons unknown.
- Public Finances: Motion (3 Mar 2009)
Brian Lenihan Jnr: May I share my time with Deputies Kennedy and White?
- Public Finances: Motion (3 Mar 2009)
Brian Lenihan Jnr: I have no difficulty in telling the House the truth about this matter.
- Public Finances: Motion (3 Mar 2009)
Brian Lenihan Jnr: I am happy to put on the record the truth of our economic position. The future economic viability of this country is at stake. We are living in uncertain times and are faced with new economic realities. The financial crisis sweeping the world is the worst experienced since 1929. We are living in an economic blizzard that is not uniquely of our making. The difference now is that the...
- Public Finances: Motion (3 Mar 2009)
Brian Lenihan Jnr: The measures to be announced before the end of this month will be announced in the context of a definite plan that will not only cover this year, butââ
- Public Finances: Motion (3 Mar 2009)
Brian Lenihan Jnr: ââ2010 and 2011. They will be announced later this month.
- Public Finances: Motion (3 Mar 2009)
Brian Lenihan Jnr: In the coming weeks, the Government will consider all options necessary to restore the public finances to sustainability, focusing on the additional measures required for this and next year. I am arranging for my Department to brief the principal Opposition spokespersons and the social partners on the latest position. My officials will set out the scale of borrowing required and the income...
- Public Finances: Motion (3 Mar 2009)
Brian Lenihan Jnr: I appreciate the concern voiced by Opposition Members regarding their anxiety to contribute to the resolution of our problems. I am extending an open invitation to them to brief themselves on our circumstances and to submit any proposals they might have for full costing by my Department. It is time that all Deputies faced up to their responsibilities. I have not defaulted on mine in the...
- Public Finances: Motion (3 Mar 2009)
Brian Lenihan Jnr: This will be the fourth time I have needed to attend the House with measures to respond to an ever-changing world position. There is no point in allocating blame for what has occurred in the past year.