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Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: We, in this House, engage in respectful debate.

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: I am always respectful of others in this House.

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: On a point of order, can I-----

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: Can I ask that the Cathaoirleach take on board what Senator O'Toole said and follow the procedures he has suggested?

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: Can I ask the Cathaoirleach to make a ruling on Senator O'Toole's suggestion?

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: Senator Walsh is simply repeating the allegation.

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: I ask that the Cathaoirleach adjourn the House.

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: I ask that the Leader adjourn the House-----

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: -----if he is not prepared to give a ruling-----

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: -----on Senator O'Toole's suggested way of dealing with this.

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: It is not people-----

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: I am asking that the Cathaoirleach read the record, as Senator O'Toole has suggested.

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: Thank you.

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: I ask that the Cathaoirleach then give a ruling when he has read the record.

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: Excuse me-----

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: -----it is not Senator Walsh against whom allegations were made.

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Ivana Bacik: There are clearly a few of them.

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Ivana Bacik: Amendment No. 63 and section 210 are very important. Everyone is glad that guidelines may be issued in respect of lending practices and procedures and that, under the amendment, these guidelines will be laid each House of the Oireachtas as soon as is practicable. I reiterate what I said on Second Stage and Committee Stage, namely, that guidelines may not be sufficient to ensure an adequate...

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Ivana Bacik: When I spoke earlier I was speaking on the amendment but as this has now developed into a debate on the section I am not clear whether Senator Harris favours or opposes the section. He seems to express doubt about the working of section 210.

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Ivana Bacik: That explains everything. In answer to Senator Harris, this envisages a system of regulation. A consensus is emerging across the House that the word "may" should be altered to "shall" and that the Minister must introduce these guidelines to regulate the participating institutions. In response to Senator O'Toole's critique of the workability of the section, this applies only to...

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