Results 941-960 of 4,002 for speaker:Rose Conway Walsh

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Committee Stage (5 Jul 2017)

Rose Conway Walsh: I move amendment No. 16:In page 7, line 30, to delete “upheld or substantially upheld” and substitute “upheld, substantially upheld or partially upheld”.

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Committee Stage (5 Jul 2017)

Rose Conway Walsh: Just before we conclude, I take this opportunity to welcome Deputy Pearse Doherty who is in the Visitors Gallery. I thank him for all the work he has done on this legislation. I thank Senator Horkan and his party for their input and for tabling the amendments today, but also for withdrawing them in the interests of the consumer.

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Committee Stage (5 Jul 2017)

Rose Conway Walsh: I thank the Minister of State, Deputy D'Arcy, and his predecessor for their contributions. I think it is important to acknowledge that there has been very positive input into the Bill under the leadership of Deputy Pearse Doherty. I thank him for that. I look forward to taking the Bill to Report Stage next week. I am aware that, if the Department is agreeable, the Leader will facilitate...

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Committee Stage (5 Jul 2017)

Rose Conway Walsh: No. That is exactly what I meant.

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Committee Stage (5 Jul 2017)

Rose Conway Walsh: Next Tuesday.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: I welcome the Minister to the committee and wish him well in all of his various roles. I want to focus on non-performing loans. I was taken aback when the Commission bluntly recommended that Ireland needed to encourage a more durable reduction in the value of non-performing loans through resolution strategies that involvd write-offs for viable businesses and households, with a special...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: Is the Minister saying we will continue on with more of the same? The Commission is stating we need changes. We have not had the write-offs about which it is talking. When the Minister is talking about non-performing loans, is he talking about loans that have been sold to vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: Is the Minister talking about what is within the bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: Have there been write-offs for viable businesses and households?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: Therefore, we have no aggregate figures for write-offs.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: Does the Minister expect the number of loans held by such firms to increase as a result of the changes within AIB? Representatives of the banks have been before the committee on several occasions and have all indicated that there is likely to be a further sell-off of loans.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: Does that also apply to unregulated vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: The Minister is not concerned at all about private equity firms as he calls them and people not knowing when their mortgage is sold who is the mortgage holder. These are the cases we come across every day.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: The Minister is just into his job. We will see how it goes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: The programme for Government also committed to reviewing the insolvency thresholds, but there is no sign of that happening. A special court to deal with mortgages with accompanying legislation was promised, but there is no sign of that happening. How will the Government implement this country specific recommendation? Is it legally obliged to do so?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: Are we legally obliged to do it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: On the Brexit projections, the Irish Fiscal Council Advisory and the Economic and Social Research Institute, ESRI, have clearly voiced concerns that the model for Ireland being used by the Department, the COre Structural MOdel, COSMO, may underestimate the potential effect of a hard Brexit. The Irish Fiscal Advisory Council's chief economist told the Oireachtas Committee on Budgetary...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: Is the Minister happy with the COSMO model being used?

Seanad: Commencement Matters: Defective Building Materials (11 Jul 2017)

Rose Conway Walsh: The Minister will know there are 345 homes affected in County Mayo. This is not good enough, not by a long shot. People want a redress scheme. They are grateful to the Minister for doing the report in the first instance, but all the language he has used today suggests that what people really need will be hidden behind these lines. We must face up to the fact that these home owners were...

Seanad: Commencement Matters: Defective Building Materials (11 Jul 2017)

Rose Conway Walsh: We would never do that because it is the home owners who are central to this issue.