Results 9,361-9,380 of 34,784 for speaker:Seán Fleming

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: The formal agenda. Perhaps it is a matter for consideration, given the fact that some issues that are not on the formal agenda might be discussed. For future reference, there might be a mechanism to have such a debate. I will ask two questions briefly, as our time is limited. The Minister mentioned the issue of banks that were too big to fail. I have a problem with that concept, but...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: By the taxpayer.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: The €30 billion and the €70 billion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: None of the Irish banks will be subject to the new arrangement.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: The Minister wants to introduce legislation on the single resolution mechanism in December even though it will not apply to Ireland.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: To which we contribute.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: Yet no Irish bank can benefit from it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: My final question will be short, as my time is limited.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: I will be brief. It is just one sentence. The Minister stated that the common system of VAT for the standard VAT return was not progressing. Which country will lose as a result of that system not progressing? Will we gain or lose? There must be some winners or losers in terms of foreign direct investment, FDI, companies that have branches and group companies in the EU. Some countries...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: The resolution.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: It is off the agenda.

Consumer Protection (Regulation of Credit Servicing Firms) Bill 2015: Report and Final Stages (17 Jun 2015)

Seán Fleming: I move amendment No. 2:In page 4, line 18, after “restructuring” to insert “where the credit agreement is in financial difficulty”.We had a discussion on this and several other amendments tabled by Fianna Fáil on Committee Stage. There is merit in the Bill in so far as it goes and nobody disagrees with the contents of the Bill. The main thrust of our...

Consumer Protection (Regulation of Credit Servicing Firms) Bill 2015: Report and Final Stages (17 Jun 2015)

Seán Fleming: I understand the Minister's point about the impact of what is proposed in a situation where a credit agreement is not in financial difficulty but is restructured for business development purposes. However, the point I made was related specifically to the original loan agreement. I am aware that it is not possible to vary a loan agreement without agreement. Often, despite the fact that...

Consumer Protection (Regulation of Credit Servicing Firms) Bill 2015: Report and Final Stages (17 Jun 2015)

Seán Fleming: I move amendment No. 6:In page 6, between lines 10 and 11, to insert the following:“(2) Section 33A of the Central Bank Act 1997 is amended by inserting the following subsection after subsection (5):“(6) The Bank shall also impose, on a debt management firm and or a credit servicing firm, a condition that a customer shall, within 30 days of his or her credit agreement being sold...

Consumer Protection (Regulation of Credit Servicing Firms) Bill 2015: Report and Final Stages (17 Jun 2015)

Seán Fleming: The Minister’s answer confirms my original allegation that we are rewarding banks for being lazy. The Minister said it would be difficult to disaggregate loans as they are sold as a bundle. Let us put a bit of difficulty on the banks. They are paid well enough and they should be able to do a difficult job. If the essence of what the Department of Finance says is that it would not...

Consumer Protection (Regulation of Credit Servicing Firms) Bill 2015: Report and Final Stages (17 Jun 2015)

Seán Fleming: I move amendment No. 7:In page 7, between lines 13 and 14, to insert the following:“(3) A person who carries on the business of credit servicing exclusively for an already regulated financial service provider shall be required to be regulated under this Act.”.I discussed the issue at length on Committee Stage so we will not go through all the points again. Essentially, we wish...

Consumer Protection (Regulation of Credit Servicing Firms) Bill 2015: Report and Final Stages (17 Jun 2015)

Seán Fleming: As I have said consistently, there is some merit in the Bill and it contains elements which are important and which we support. On that basis, we are better having the legislation on the Statute Book than not. However, some issues should have been incorporated during the debate and we may return to those issues through further legislation, maybe from our side of the House. The issues are...

Written Answers — Department of Agriculture, Food and the Marine: Farm Inspections (17 Jun 2015)

Seán Fleming: 122. To ask the Minister for Agriculture, Food and the Marine further to Parliamentary Question No. 88 of 25 March 2015, if the information in respect of 2014 will be supplied; and if he will make a statement on the matter. [24026/15]

Written Answers — Department of Health: Psychological Services (17 Jun 2015)

Seán Fleming: 159. To ask the Minister for Health if he will provide a list of all residential psychiatric units; the weekly cost of accommodating a person in these units; and if he will make a statement on the matter. [24012/15]