Results 13,321-13,340 of 16,537 for speaker:Brian Lenihan Jnr
- Banking System: Statements (1 Apr 2010)
Brian Lenihan Jnr: Can I reply to the Deputy, because he said I smiled at the time when he put the question? The reason I smiled is that I found it unusual for a child to be described as a special purpose vehicle.
- Banking System: Statements (1 Apr 2010)
Brian Lenihan Jnr: However, there is power in the NAMA legislation to set aside transactions executed in favour of family members, that would attempt to defeat its purposes in the collection of the debts. That is the statutory position in that regard. The ingenuity of the professional advisers who advise those who seek to arrange their affairs to avoid enforcement has to be matched by the ingenuity of NAMA in...
- Banking System: Statements (1 Apr 2010)
Brian Lenihan Jnr: All institutions in relation to capital, as I have outlined both in the supplementaryââ
- Banking System: Statements (1 Apr 2010)
Brian Lenihan Jnr: Will the Deputy allow me to answer the question? Regarding the supplementary budget last year, first of all, it was made clear that as a result of NAMA occasioning losses, the State stood ready to provide capital by way of ordinary shares, equity. Likewise when the NAMA legislation was introduced last September, a similar undertaking was given on the floor of the House, and the Financial...
- Banking System: Statements (1 Apr 2010)
Brian Lenihan Jnr: ââthe institution would be faced with an immediateââ
- Banking System: Statements (1 Apr 2010)
Brian Lenihan Jnr: Can I finish the answer? It would be faced with an immediate call, and the State would be faced with an immediate call as well. With regard to the promissory note, it was approved by the Government last Tuesday and by the European Commission. That is the sequence of events. There is no hidden commitment or secret agreement or understanding. There is, of course, the working through of the...
- Banking System: Statements (1 Apr 2010)
Brian Lenihan Jnr: I am not avoiding it.
- Banking System: Statements (1 Apr 2010)
Brian Lenihan Jnr: I understand the point Deputy D'Arcy is making, although it is not directly relevant to this debate. It is an issue, but one we can discuss at another time. Deputy Burton asked about the future of EBS and Irish Nationwide Building Society. I outlined the position on an institution-specific basis with regard to both institutions in my speech last Tuesday. Each institution must submit a...
- Banking System: Statements (1 Apr 2010)
Brian Lenihan Jnr: A question about the third banking force was asked. The most important issueââ
- Written Answers — EU Funding: EU Funding (1 Apr 2010)
Brian Lenihan Jnr: Ireland's National Strategic Reference Framework (NSRF) was approved by the European Commission in July 2007. The document, in accordance with EU Regulations governing EU Structural Funds, sets out the strategic direction for the deployment of the EU Structural Funds (â¬750m) allocated to Ireland over the 2007-13 period under the Regional Competitiveness and Employment (RCE) Objective...
- Written Answers — Industrial Relations: Industrial Relations (1 Apr 2010)
Brian Lenihan Jnr: I understand that there is no correspondence with me on this specific matter but that the details supplied relate to the difficulties arising for the transaction of business with public service offices during the programme of industrial action undertaken by public service unions. The industrial action is in response to the pay reductions imposed by the Government on public servants with...
- Written Answers — Tribunals of Inquiry: Tribunals of Inquiry (1 Apr 2010)
Brian Lenihan Jnr: Based on bi-monthly reports made to the Department of Finance by the Departments with responsibility for the individual tribunals, up to end-February 2010 the cumulative cost of the six requested tribunals as listed below was â¬217.31 million, of which â¬44.41 million comprised administration and â¬172.9 million derived from legal costs. The legal costs figures include â¬79.19 million...
- Written Answers — Tax Collection: Tax Collection (1 Apr 2010)
Brian Lenihan Jnr: As the Deputy will be aware, I announced in the Budget that, with a view to restoring balance in the income tax system, to simplify it, to make it fairer and more broadly based, I intended to introduce a new system of just two charges on income viz. a new universal social contribution to replace employee PRSI, the Health Levy and the Income Levy. This will be paid by everyone at a low rate...
- Written Answers — Tax Code: Tax Code (1 Apr 2010)
Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the Value Added Tax (Refund of Tax) (No 15) Order 1981 provides for the refund of VAT on qualifying goods that are purchased for the exclusive use of disabled persons suffering a specified degree of disablement. "Qualifying goods" are goods which are aids or appliances, including parts and accessories, specially constructed or adapted for use by...
- Written Answers — Financial Services Regulation: Financial Services Regulation (1 Apr 2010)
Brian Lenihan Jnr: As the Deputy will be aware matters relating to a Society registered in another jurisdiction are the exclusive responsibility of the relevant authorities in that jurisdiction.
- Written Answers — National Solidarity Bond: National Solidarity Bond (1 Apr 2010)
Brian Lenihan Jnr: I announced in Budget 2010 that the Government intended to introduce a National Solidarity Bond. This bond will effectively be a new form of our state savings products which are aimed at the retail investor. We already have savings bonds and savings certificates, which are three and five and a half year investment products managed by the National Treasury Management Agency. The new bond...
- Written Answers — Insurance Industry: Insurance Industry (1 Apr 2010)
Brian Lenihan Jnr: The Financial Regulator has advised me that the offering of house insurance by insurance companies is a commercial matter based on the assessment an insurer will make of the risks involved. It has no role in relation to issues of pricing or the scope of cover provided by insurance companies. I have also been informed that there is no equivalent for house insurance to the declined cases...
- Written Answers — Pension Provisions: Pension Provisions (1 Apr 2010)
Brian Lenihan Jnr: As noted in the OECD Economic Survey: Ireland 2009, the projections on pensions are sourced from the joint Economic Policy Committee-European Commission Ageing Report on economic and budgetary projections for the EU-27 member states. The Ageing Report projections run to 2060 and national projections to 2050. The Ageing Report assumptions differ somewhat from national assumptions and are the...
- Written Answers — Tax Collection: Tax Collection (1 Apr 2010)
Brian Lenihan Jnr: This is a matter for the Revenue Commissioners. I am informed by Revenue that the necessary internal computer changes have recently been completed. Some 2,700 taxpayers have provided additional information required of them by Revenue in relation to top up mortgages. Each case requires an individual review to confirm entitlement to mortgage interest relief in the light of the information...
- Written Answers — Humanitarian Assistance Scheme: Humanitarian Assistance Scheme (1 Apr 2010)
Brian Lenihan Jnr: As stated in my response to PQ 166 of 10 March 2010 and PQ previous responses, I have no plans to introduce a grant for home relocation. Consideration to amending the terms of the Humanitarian Assistance Scheme is a matter for my colleague the Minister for Social and Family Affairs.