Results 11,381-11,400 of 16,537 for speaker:Brian Lenihan Jnr
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: The Deputy is referring to a particular period in the spring and summer of 2008 and I made my comments in that context.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: I said scrutiny.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: Fine Gael would not do it.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: The Deputies are having a private conversation.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: I get that kind of remark every day.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: Yes.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: Having listened to Deputy Rabbitte I have become more and more convinced of the need for a Dáil committee to scrutinise this matter.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: I hope we can reach an all-party agreement on it. I believe we will. It is important that we establish one. I do not believe it is desirable to entrench it in legislation. Deputy Jim O'Keeffe referred to the example of the Committee of Public Accounts. However, it hears the audits of accounts for a whole range of Departments. In this case, it is only a single statutory authority.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: Yes, but there is a real issue about the oversight which the board must exercise and the proper relationship which the Oireachtas must have with it. I agree with Deputy Pat Rabbitte that to sustain public confidence in NAMA we must accept there should be a Dáil committee devoted to it. Again, we will have to decide whether it will be a committee or a sub-committee.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: It does not need a statutory basis because as long as my party is in office it will exist. It should be easy for the Opposition parties to agree among themselves that the committee will exist thereafter, if there is a thereafter.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: Deputy Paul Gogarty asked if this was motivated by the desire to protect confidential information. That is not at all the case. Most committees and boards established by statute only have an annual reporting function which all Members know can be very uninformative. In this case, the statutory authority will give quarterly reports and an Oireachtas committee will be dedicated exclusively...
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: We have laid down in the Bill a great deal of the matter which the quarterly report must contain. Due to the concern expressed by Deputy Joan Burton on the issue of the bonds, I drew to her attention the European arrangement. I have the undertaking of the regulator to work with such a committee as well. It is not the regulator but a person designated by the regulator as he could not take a...
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: It is our constitutional duty.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: Dissolved.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: There is no consensus.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: Those measures are treated as off-balance sheet as well.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: No.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: No.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: I would not like to see the Irish version of that.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: As soon as EUROSTAT gave its ruling, we brought it into the public domain.