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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Kieran O'Donnell: Correct.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Kieran O'Donnell: He is in the right place.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Kieran O'Donnell: The insurance industry has, to date, been negative in terms of flood relief. It could have a positive role to play if it takes the initiative to support the OPW.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of the Flood Insurance Bill 2016 (23 Nov 2017)

Kieran O'Donnell: Does Mr. Thomson accept the 17% is probably concentrated in a relatively small number of areas relative to the size of Ireland?

Seanad: Commencement Matters: Hospital Waiting Lists (28 Nov 2017)

Kieran O'Donnell: I wish to raise surgery treatment for cataracts, which more particularly affects the elderly. Huge difficulties are encountered by people in need of such treatment in Limerick and the mid-west. As we speak, 783 people in the mid-west are waiting approximately 15 months for cataract surgery from the time they had their assessment. That is not acceptable. Many elderly people have come to me...

Seanad: Commencement Matters: Hospital Waiting Lists (28 Nov 2017)

Kieran O'Donnell: I thank the Minister of State for his reply. I have a few observations. He spoke about the National Treatment Purchase Fund. In the mid-west, 500 cataracts operations took place, covered by the National Treatment Purchase Fund at a cost of €2,000 per operation, which amounts to €1 million. The aforementioned hub for cataract operations in Nenagh would provide value and...

Seanad: Commencement Matters: Hospital Waiting Lists (28 Nov 2017)

Kieran O'Donnell: Capital is also needed for the equipment.

Seanad: Finance Bill 2017: Second Stage (28 Nov 2017)

Kieran O'Donnell: I welcome the Minister of State, Deputy D'Arcy, to the Chamber once again.

Seanad: Finance Bill 2017: Second Stage (28 Nov 2017)

Kieran O'Donnell: He is a frequent visitor. He obviously likes it here. The budget has been in place for virtually two months. The hallmark of a budget is to set in place an overarching vision and framework of where a Government is at. Operating with limited resources, a budget should be about what one wishes to achieve with the resources available. First, that should be about spreading those resources in...

Seanad: Finance Bill 2017: Second Stage (28 Nov 2017)

Kieran O'Donnell: Yes, absolutely. The humble politician is an oxymoron in its own way. The issue is the standard rate of tax and I look at it as entailing a series of measures. It cannot be done overnight but what was put forward in this budget was that the Government will seek to do that and, to follow in that vein, to increase the standard rate bands. It makes absolutely no sense that someone who is on...

Seanad: Finance Bill 2017: Second Stage (28 Nov 2017)

Kieran O'Donnell: Yes. I look forward to the measures for affordable housing and, more specifically in the context of Georgian Limerick, I look forward to the Limerick city initiative. I will discuss it on Committee and Report Stages. There were two aspects. Tax relief was brought on for the living city initiative. There is a very slow take-up in Limerick. We are a Georgian city. Limerick city centre...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)

Kieran O'Donnell: I have two quick questions, the first of which I am asking to seek clarification. In his presentation, Mr. Gilvarry said that "the ESMA will be given responsibility for the authorisation and supervision of certain types of investment funds structures - European venture capital funds, European social entrepreneurship funds and European long-term investment funds". I am seeking clarification...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)

Kieran O'Donnell: I would like some further clarification. Why is it the service provider within the State that is regulated? Why is there no regulation of the actual fund itself that provides the fund and-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)

Kieran O'Donnell: This would be slightly different. If these funds look to invest in Ireland at the moment, they are authorised by the Irish Central Bank. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)

Kieran O'Donnell: Would it be fair to say that at this moment in time, none of those categories has been regulated or authorised in an Irish Central Bank context? Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)

Kieran O'Donnell: Is this type of arrangement similar to-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)

Kieran O'Donnell: They will not come under the scope of it at all. Okay. How long will it take to reach the end game? When will we know where it is at? How much time are we looking at?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)

Kieran O'Donnell: The likelihood is-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)

Kieran O'Donnell: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)

Kieran O'Donnell: Much of the technical ground has been covered. I have a general question about Brexit. Since the Brexit vote took place, what impact has there been on funds coming in to Ireland? How does the witness perceive that whole area? Are there opportunities to expand? What were the witness's interactions with the Central Bank in terms of authorising various funds to work in Ireland? Northern...

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