Results 1,381-1,400 of 4,810 for speaker:Liam Twomey

Seanad: Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages (31 Oct 2007)

Liam Twomey: ——it is considered to be the fault of the Opposition that the Government serves the people so badly. Let us get away from type of nonsense. This section has obviously been slotted in to suit ministerial colleagues. Given that the Government likes to boast about how long it has been in power, its members will obviously benefit most.

Seanad: Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages (31 Oct 2007)

Liam Twomey: As other Senators have asked, are there any other anomalies within the Department of Finance? While I do not want to put the Minister of State's officials on the spot, it is obvious that this section was slotted into this important legislation. Are there any other anomalies in the Department of Finance that should be dealt that? A former Minister has benefited quite substantially from this...

Seanad: Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages (31 Oct 2007)

Liam Twomey: There are anomalies in the public service that have not been raised with the Government or that it does not feel the need to address. We did our best to accommodate the passing of this legislation because we were told it needed to be passed by tomorrow or else there would be problems for the Government. It might have been clever on its side to try to slip this one through at short notice....

Seanad: Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages (31 Oct 2007)

Liam Twomey: None of our questions has been answered. I asked if any other anomalies are floating around the Department of Finance.

Seanad: Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages (31 Oct 2007)

Liam Twomey: There is considerable correspondence.

Seanad: Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages (31 Oct 2007)

Liam Twomey: I am sure it has taken weeks for officials in the Department of Finance to correct this legislation. We, however, are expected to figure out what is involved in 24 hours. It will not be surprising if other difficulties arise in due course, even though we are supposed to have debated the Bill thoroughly. We are in the dark on many aspects of the legislation. It is disturbing to see...

Seanad: Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages (31 Oct 2007)

Liam Twomey: There is no compulsion on the banks to publish the notice.

Seanad: Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages (31 Oct 2007)

Liam Twomey: If they do not, it does not affect the exemption.

Seanad: Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages (31 Oct 2007)

Liam Twomey: If the banks do not bother to publish the notice, there is no effect on the exemption.

Seanad: Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages (31 Oct 2007)

Liam Twomey: It is a contradiction. There is a compulsion to publish the notice but if it is not published, it does not matter.

Seanad: Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages (31 Oct 2007)

Liam Twomey: Subsection (8) of section 29A as inserted by amendment No. 4 indicates that if the notice is not published, it does not matter. That is my reading of it.

Seanad: Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages (31 Oct 2007)

Liam Twomey: It does not affect the banks.

Seanad: Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages (31 Oct 2007)

Liam Twomey: If the banks continue with the status quo, the legislation can be dismissed by them because they are still protected. Why are we bothering putting in place legislation that is supposed to give information to us as legislators and the public, but if the banks keep us in the dark, as we have been in recent days, it is fine? That is my basic reading of the section but perhaps my interpretation...

Seanad: Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages (31 Oct 2007)

Liam Twomey: It still makes no sense.

Seanad: Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages (31 Oct 2007)

Liam Twomey: Before we finish up I wish to point out that at all times we attempted to facilitate the Government in getting this legislation through as quickly as possible because of the very important deadline of tomorrow. It will be important legislation in the financial regulation of our economy and we fully endorse many of the sections in the Bill. We are disappointed the section dealing with...

Seanad: Housing Market: Statements (31 Oct 2007)

Liam Twomey: The Senator is consistent there as well.

Seanad: Housing Market: Statements (31 Oct 2007)

Liam Twomey: Does the Senator regard prices dropping as moderation?

Seanad: Housing Market: Statements (31 Oct 2007)

Liam Twomey: I hope I am on the record of the House.

Seanad: Pre-Budget Outlook: Statements (1 Nov 2007)

Liam Twomey: I welcome this new approach to the budgetary process and I hope it will increase the transparency of what happens on budget day. Balancing the public finances is always a difficult task, and the Tánaiste has had particular difficulties in this regard. In the past three budgets tax revenues have been grossly underestimated. In his first year in the Finance portfolio his tax revenue forecast...

Seanad: Pension Provision: Motion (Resumed) (14 Nov 2007)

Liam Twomey: Whenever Ministers want to give everyone a big hug so that we will all work together on an issue, one knows it must be incredibly difficult or the Government is afraid to deal with it because it does not want to take the blame for what is happening. The only people guaranteed to be on a yacht in the Caribbean are the fund managers to whom Senator Ross referred and Ministers. Last week,...