Results 1,341-1,360 of 10,460 for speaker:Gerry Horkan

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit - Recent Developments and Future Negotiations: Discussion (Resumed) (30 May 2017)

Gerry Horkan: In terms of the Solvency II directive and third country equivalence, it applies to reinsurance firms but not to insurance companies, e-money or payment services. Is that a big problem for insurance firms that might potentially relocate to Ireland that these mechanisms do not apply here?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit - Recent Developments and Future Negotiations: Discussion (Resumed) (30 May 2017)

Gerry Horkan: Has there been much interest in FinTech? Ireland has a reasonably good base of technology companies. It may be an area in which there is more portability than in other areas. Perhaps Mr. Cross might give us his thoughts on the sector.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit - Recent Developments and Future Negotiations: Discussion (Resumed) (30 May 2017)

Gerry Horkan: Mr. Cross referenced proportionality. Will he develop that point? In the old days there was light touch regulation which we did not want. Some were looking for it and, in hindsight, it was not the right way to go. To what does proportionality refer?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit - Recent Developments and Future Negotiations: Discussion (Resumed) (30 May 2017)

Gerry Horkan: The common rule book is in place. In theory, every member state should adopt the same approach, with the same level of regulation and intrusion or otherwise. Mr. Sibley may be unable to answer this question, but certain countries are rushing to attract jobs from the United Kingdom. They are stating, "Come here and it will all be fine." It has been suggested the Central Bank, as the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit - Recent Developments and Future Negotiations: Discussion (Resumed) (30 May 2017)

Gerry Horkan: Therefore, in terms of competitive advantages other countries that might be trying to suggest they have, through lighter touch regulation or easier rules, realistically every one has the same rule book and, regardless of in which country one operates within the European Union, one is subject to the same level of supervision and regulation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit - Recent Developments and Future Negotiations: Discussion (Resumed) (30 May 2017)

Gerry Horkan: It is important to nail this issue. References have been made in the media to countries stating, "It is all grand and the Central Bank of Ireland is more difficult to deal with or more by the book than we could be."

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Brexit - Recent Developments and Future Negotiations: Discussion (Resumed) (30 May 2017)

Gerry Horkan: I thank Mr. Sibley, Mr. Cross and Mr. Flynn for attending, their submission and engagement with members

Seanad: Proposed Sale of AIB Shares: Statements (31 May 2017)

Gerry Horkan: I thank the Minister for his very comprehensive statement. As it is likely though not certain that this may be the last time he addresses Members of this House as Minister for Finance, I wish him the very best in his future endeavours and a long and happy time when his period as Minister for Finance ends. I thank him for all his efforts on behalf of the State. This debate concerns...

Seanad: Proposed Sale of AIB Shares: Statements (31 May 2017)

Gerry Horkan: I thought the Senator was having a go at me. It seems Senator O'Donnell is the real target.

Seanad: Proposed Sale of AIB Shares: Statements (31 May 2017)

Gerry Horkan: It was my first.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)

Gerry Horkan: I thank the Minister of State. It has been acknowledged by other members that his own personal efforts have been put into this and he clearly is on top of his brief. It is cold comfort to those of us who did get increases. I acknowledge myself that the rate of increase, certainly in my experience, is better, but my initial claim came in €300 or €400 higher than the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)

Gerry Horkan: I refer to actions Nos. 61, 62 and 63. Even though the deadline was quite late they still look like they are likely to be delayed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)

Gerry Horkan: Yes. If we can harness the technology better it is all about access to data, but it should not be impossible. If we can track cars going over the M50 and bill them if they do not pay the toll, why is this so difficult? What are the problems here?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)

Gerry Horkan: Is the orange dot now a green dot again?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)

Gerry Horkan: It is not as orange as the other orange dots.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)

Gerry Horkan: Even though this is mainly a Garda measure, it is still operated via the Road Traffic Act and so therefore it is the responsibility of the Minister for Transport, Tourism and Sport rather than the Minister for Justice and Equality.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)

Gerry Horkan: In the Minister of State's opening statement, he said that establishing a reliable set of data and commencing a review of the impact of legal and other fees is proving to be a more complex task. He noted that work is ongoing and progress is being made. Can the Minister of State elaborate on the complexity to which he is referring?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)

Gerry Horkan: Our report, as well as the Minister of State's report, is all about data, information and knowing what is going on. Equally it is about getting a handle on why there have been such increases. We have spent months here discussing it and published our report before the Minister of State's report came along. It is all welcome analysis but we still have the situation where expensive claims are...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)

Gerry Horkan: I would like to refer to one aspect of public liability insurance. Members of both of the publicans' representative bodies were here before Christmas. Every member of the committee is being asked about this issue. Like the Minister of State when he is at a wedding, we are always being told about individual cases. The two-year Statute of Limitations that applies in this area means that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)

Gerry Horkan: Is there actual evidence of that, as opposed to anecdotal evidence?