Results 9,541-9,560 of 11,861 for speaker:Brian Hayes

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Brian Hayes: Amendment No. 157 amends subsection (2) by deleting the existing paragraph (b) which states that the bank may only approve stabilisation support if the credit union concerned has a shortfall in reserves caused by a short-term, non-recurring event. Instead, amendment No. 158 sets out when ReBo may recommend to the bank that a credit union should be stabilised. During the period of...

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Brian Hayes: Amendments Nos. 160 and 161 are minor technical amendments. Amendment No. 160 clarifies that the support referred to in paragraph (c) is stabilisation support as opposed to restructuring support. We have already discussed those amendments as part of another group. Amendment No. 161 changes the reference from "this Part" to "this Act" as stabilisation support is to be provided by the...

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Brian Hayes: Amendment No. 162 clarifies that the bank must have regard to the terms and conditions that the Minister considers appropriate to attach the decision to provide stabilisation support when making a decision on the approval of stabilisation support to a credit union. These terms and conditions will deal with issues such as recoupment which may affect the Central Bank?s assessment of viability.

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Brian Hayes: Amendment No. 167 is a minor amendment and inserts a reference to section 37D of the Credit Union Act 1997 which sets out the information to be included in the credit agreement notice to the credit union member. This item in the schedule is required to ensure there is consistency between the Credit Union Act 1997 and the Consumer Credit Regulations 2010, which apply to credit unions....

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Brian Hayes: Under the current wording the Central Bank may exempt certain additional services which involve no undue risk to the credit union. This amendment removes the reference to "undue risk" in respect of additional services that the bank may exempt from the application requirements under section 48 of the Credit Union Act 1997. The wording may be too restrictive and limit the instances where the...

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Brian Hayes: This amendment inserts a new paragraph (d) into section 87(2) of the 1997 Act which allows the Central Bank to impose a regulatory direction on a credit union under section 87 where that credit union fails to comply with the terms and conditions of any stabilisation support given to the credit union under the Bill. If it does not comply with terms and conditions after funding has been...

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Brian Hayes: This amendment removes the ministerial regulation-making powers that currently exist under section 182 of the 1997 Act, as these powers conflict with the Bank's regulation making powers under the Bill and are more appropriate for the Central Bank. These relate to the registration procedures and operations of credit unions.

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Brian Hayes: This amendment removes the ministerial regulation-making powers that currently exist under section 182 of the 1997 Act, as these powers conflict with the bank's regulation-making powers under the Bill and are more appropriate for the Central Bank. These relate to the registration procedures and operations of credit unions.

Confidence in the Government: Motion (Resumed) [Private Members] (12 Dec 2012)

Brian Hayes: I am pleased to have the opportunity to make some remarks. What is absolutely clear in this debate is that those in the Sinn Féin Party would say anything, do anything and lie about anything as a means of taking control in Ireland.

Confidence in the Government: Motion (Resumed) [Private Members] (12 Dec 2012)

Brian Hayes: I did not interrupt the Deputy yesterday. I notice that every time the Taoiseach and the Tánaiste inform the House of a jobs announcement on a Wednesday or a Thursday and every time they give the House information which is important for the people, the heads drop across the floor because they do not want to hear the good news.

Confidence in the Government: Motion (Resumed) [Private Members] (12 Dec 2012)

Brian Hayes: Sinn Féin's tactic has always been to maximise its own political ends, as we know well from Northern Ireland. Those in Sinn Féin have no interest in the future or in getting the country back to work because it does not suit their political agenda. The Sinn Féin tactic has been exposed, particularly in its most recent pre-budget submission. Only two weeks ago Deputy McDonald...

Confidence in the Government: Motion (Resumed) [Private Members] (12 Dec 2012)

Brian Hayes: I see the angry young man is back with us. The same decibels will not work.

Confidence in the Government: Motion (Resumed) [Private Members] (12 Dec 2012)

Brian Hayes: It is fascinating. When one examines all of Sinn Féin's promises on VAT, the universal social charge and, as the Tánaiste noted, on wealth, the numbers do not add up. The Sinn Féin objective of getting €800 million from a wealth tax was based on a reply to one parliamentary question from the Department of Finance. That is brilliant. If ever there was an example of...

Confidence in the Government: Motion (Resumed) [Private Members] (12 Dec 2012)

Brian Hayes: There is a good deal of similarity between the United Kingdom Independence Party in Britain and Sinn Féin. Sinn Féin and the UKIP are both anti-European parties, both ultra-nationalist parties and they both want their countries to fail.

Confidence in the Government: Motion (Resumed) [Private Members] (12 Dec 2012)

Brian Hayes: The most recent antics of Sinn Féin's pre-budget submission and the antics with regard to the motion in the House this evening have shown that they have nothing to offer the people and they have been badly exposed.

Confidence in the Government: Motion (Resumed) [Private Members] (12 Dec 2012)

Brian Hayes: That is a tax on wealth.

Seanad: Credit Union Bill 2012: Report and Final Stages (12 Dec 2012)

Brian Hayes: I identified on Committee Stage that there would be a number of Government amendments on Report Stage. This amendment corrects two incorrect cross-references in the section. A previous amendment proposed in respect of this included a reference to subsection (16) of section 53. However, this provision should refer to subsection (15) of section 53. Subsection (15) of the Bill, as amended...

Seanad: Credit Union Bill 2012: Report and Final Stages (12 Dec 2012)

Brian Hayes: It related to exclusion.

Seanad: Credit Union Bill 2012: Report and Final Stages (12 Dec 2012)

Brian Hayes: I identified on Committee Stage that there would be a number of Government amendments on Report Stage. This amendment corrects two incorrect cross-references in the section. A previous amendment proposed in respect of this included a reference to subsection (16) of section 53. However, this provision should refer to subsection (15) of section 53. Subsection (15) of the Bill, as amended...

Seanad: Credit Union Bill 2012: Report and Final Stages (12 Dec 2012)

Brian Hayes: It related to exclusion.