Results 10,181-10,200 of 16,537 for speaker:Brian Lenihan Jnr
- Written Answers — Tax Code: Tax Code (16 Jun 2009)
Brian Lenihan Jnr: The position is that the income levy legislation provides for an exemption for individuals aged 65 or over where their income does not exceed â¬20,000. Married couples, where one or both are aged 65 years or over and whose combined income does not exceed â¬40,000, are also entitled (notwithstanding that one spouse may have income in excess of â¬20,000) to make a claim to Revenue after the...
- Written Answers — Consumer Debt: Consumer Debt (16 Jun 2009)
Brian Lenihan Jnr: I welcome the agreement between the Irish Banking Federation and the Money Advice and Budgeting Service Operational Protocol on consumer debt. The Operational Protocol will enable MABS and the IBF continue to work together effectively when dealing with debt problems of personal debtors who approach the MABS Service for assistance. As the Deputy will be aware, the Minister for Social and...
- Written Answers — Government Contracts: Government Contracts (16 Jun 2009)
Brian Lenihan Jnr: Responsibility for payments under public works contracts rests with the individual contracting authority. It is a matter for each contracting authority to ensure that all payments are made in a timely manner in compliance with the Late Payment in Commercial Transactions Regulations, 2002 or as may be specified in the contract. Enquiries regarding specific payments should be directed in the...
- Financial Services (Deposit Guarantee Scheme) Bill 2009 - Committee Stage (17 Jun 2009)
Brian Lenihan Jnr: Did the Deputy say â¬60 billion?
- Financial Services (Deposit Guarantee Scheme) Bill 2009 - Committee Stage (17 Jun 2009)
Brian Lenihan Jnr: That is up-front.
- Financial Services (Deposit Guarantee Scheme) Bill 2009 - Committee Stage (17 Jun 2009)
Brian Lenihan Jnr: I do not have that information.
- Financial Services (Deposit Guarantee Scheme) Bill 2009 - Committee Stage (17 Jun 2009)
Brian Lenihan Jnr: I do not have such information and the Deputy knows I should not have it.
- Financial Services (Deposit Guarantee Scheme) Bill 2009 - Committee Stage (17 Jun 2009)
Brian Lenihan Jnr: I am the shareholder in this bank. Deputy Burton has often boasted of her accountancy and commercial knowledge in this House and should be aware that I do not have that information at my disposal.
- Financial Services (Deposit Guarantee Scheme) Bill 2009 - Committee Stage (17 Jun 2009)
Brian Lenihan Jnr: My Department does not have it.
- Financial Services (Deposit Guarantee Scheme) Bill 2009 - Committee Stage (17 Jun 2009)
Brian Lenihan Jnr: A shareholder in a bank is not entitled to confidential bank or customer information, which Deputy Burton knows perfectly well.
- Financial Services (Deposit Guarantee Scheme) Bill 2009 - Committee Stage (17 Jun 2009)
Brian Lenihan Jnr: We know a great deal about this bank, unfortunately.
- Financial Services (Deposit Guarantee Scheme) Bill 2009 - Committee Stage (17 Jun 2009)
Brian Lenihan Jnr: Shareholders of any bank are not entitled to find out personal information about customers, which Deputy Burton knows perfectly well. I agree that the request for a tabular breakdown is very sensible and I would like to put on the record as much as I can in that regard. The Central Bank has indicated it is only possible to roughly estimate the value of deposits covered by this scheme in this...
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Committee Stage (Resumed) (17 Jun 2009)
Brian Lenihan Jnr: I am in possession and a number of points were made in speaking to section 1 by a number of Deputies. I was in the course of beginning to deal with them. I had outlined the statistical data available to the Central Bank with regard to the estimate of the sums covered by this legislation. On the more general question raised by Deputy Burton about the sums covered by the guarantee under the...
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Committee Stage (Resumed) (17 Jun 2009)
Brian Lenihan Jnr: I read much of that information into the record of the House and I undertook to provide the Deputy with a more detailed statement. The record will show a substantial amount of information about the value of the deposits concerned and the numbers we estimate are at home and abroad. One of the difficulties is that the exercise last year was done on a limit of â¬50,000 rather than â¬100,000...
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Committee Stage (Resumed) (17 Jun 2009)
Brian Lenihan Jnr: It is a transposition from the relevant EU directive. It is the requirement that the Minister's power to prescribe a higher level of coverage is up until 31 December 2010. That was a compromise arrived at by the finance Ministers when they were drawing up the directive.
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Committee Stage (Resumed) (17 Jun 2009)
Brian Lenihan Jnr: At that stage the extent of the coverage will be subject to a review by the EU Commission but there will be no question of an immediate reduction in the coverage.
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Committee Stage (Resumed) (17 Jun 2009)
Brian Lenihan Jnr: There are two distinct issues, namely, the reform of the regulatory structures and the Central Bank, and this precise section. They are not connected. The reason for this precise section is that the Central Bank holds the general account from which a payment would be required to be made in the event of this guarantee being called upon. The view of my advisors is that the appropriate agency...
- Financial Services (Deposit Guarantee Scheme) Bill 2009: Committee Stage (Resumed) (17 Jun 2009)
Brian Lenihan Jnr: The Government's proposal is to unify the two boards that exist separately for the regulator and Central Bank into a unified Central Bank commission. The Governor will preside over the commission, but accountable to that will be separate independent offices, one on the Central Bank side and the other on the regulator's side, the supervisor of regulation. One of the key issues we will have...
- Financial Services (Deposit Guarantee Scheme) Bill 2009 - Committee Stage (Resumed) and Remaining Stages (17 Jun 2009)
Brian Lenihan Jnr: Not entirely in private.
- Financial Services (Deposit Guarantee Scheme) Bill 2009 - Committee Stage (Resumed) and Remaining Stages (17 Jun 2009)
Brian Lenihan Jnr: Deputy Bruton must construe section 2 in the context of the directive, which requires us to implement this legislation. Under the directive, member states are obliged to ensure that coverage shall be at least â¬50,000 and that by 31 December 2010 all member states are obliged to ensure that the aggregate deposit coverage for each depositor shall be set at â¬100,000. We intend to implement...