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Order of Business (8 Nov 2011)

Enda Kenny: If the regulator points out-----

Order of Business (8 Nov 2011)

Enda Kenny: If the regulator, Mr. Elderfield, points out where his powers should be enhanced in order to have interest rate reductions passed on to mortgage customers, be they in State or non-State banks, the Government will be very happy to engage with him in that regard. I want to hear from him as to what powers he is seeking.

Order of Business (8 Nov 2011)

Enda Kenny: Actually, I will-----

Order of Business (8 Nov 2011)

Enda Kenny: The Deputy knows that.

Order of Business (8 Nov 2011)

Enda Kenny: That is on the A list and the Minister for Justice and Equality will report to the Cabinet thereon shortly.

Order of Business (8 Nov 2011)

Enda Kenny: The local government (charges) Bill is expected this session. It is not necessary that all Stages be passed by the time of the budget. The timeline for the process leading up to the budget has been set out for Members like never before. I look forward to seeing Deputy Joe Higgins on Friday at the inauguration of President-elect Higgins, his namesake.

Order of Business (8 Nov 2011)

Enda Kenny: That association might mean an invitation to the Phoenix Park for the Deputy; one never knows. However, the President-elect will not be able to comment on politics in the way he normally would with the Deputy in respect of their differences of opinion on a range of issues.

Order of Business (8 Nov 2011)

Enda Kenny: This session.

Order of Business (8 Nov 2011)

Enda Kenny: It is a bit like the biblical quotation to the effect that one knows not the time nor the hour. The Deputy quoted the Bible to me some time ago. There are quite a number of budgetary measures that have to be given effect after the budget, as applies every year. I cannot give the Deputy the exact date. The legislation is expected this session and there will not be any delay when we get...

Order of Business (8 Nov 2011)

Enda Kenny: I understand the Department is not ready to take it today. I hope it can be taken next week or the week thereafter.

Order of Business (8 Nov 2011)

Enda Kenny: Yes, and I expect that is an issue that will be dealt with pretty comprehensively. The Minister is being realistic in this instance about policy and the priority accorded to legislation. He has already made the point that we intend to meet the Kyoto targets signed up to. There are a number of policy issues and it is only right and proper that, in respect of these, there should be serious...

Order of Business (8 Nov 2011)

Enda Kenny: Yes, it is in the programme for Government but the Minister's focus is now on dealing with policy priorities involving consultation. The question of the Bill referred to in the programme for Government will be dealt with when the consultation process has concluded.

Order of Business (8 Nov 2011)

Enda Kenny: To be honest with the Deputy, it probably will not be in the first quarter.

Order of Business (8 Nov 2011)

Enda Kenny: This is not in the programme for Government, nor is it on the legislative list.

Order of Business (8 Nov 2011)

Enda Kenny: It is listed for early next year. With regard to interest rates, let me say again to the Deputy that the regulator is completely independent. If he tells the Government he needs extra powers in certain areas, it will deal with that. I have already said I want to see the interest rate decreases passed on. The Minister for Finance has been very vehement about that. Tomorrow, both banks...

Order of Business (8 Nov 2011)

Enda Kenny: -----and their lending issue.

Order of Business (8 Nov 2011)

Enda Kenny: It is not for me to produce overall legislation for a regulator when what I want is for the Regulator to tell me if he needs powers and where he sees those enhanced powers would need to be.

Order of Business (8 Nov 2011)

Enda Kenny: If the regulator wants extra powers, he has to come and say this is where he needs to be given extra powers in order to deal with this problem.

Order of Business (8 Nov 2011)

Enda Kenny: As Deputy Higgins is aware, the Regulator is independent of the Dáil.

Order of Business (8 Nov 2011)

Enda Kenny: I did not object to the Deputy's scrap metal Bill coming through here last week.

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