Results 14,981-15,000 of 16,537 for speaker:Brian Lenihan Jnr

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: One of the institutions was referred to by Deputy Broughan. I take it he was referring to Irish Life & Permanent. The matter to which he referred is under investigation by the Garda Síochána. It is far from clear that there was any criminal conduct involved but the matter is under investigation. There is no suggestion that the episode necessarily taints the validity of any bid it might...

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: I agree with Deputy O'Sullivan that €1.3 billion to €1.7 billion a year in cash terms is a significant figure. It is a most regrettable figure. However, apart from that figure, the gap this year is €19 billion. The gap between State receipts and expenditures, leaving the issue of the banks aside, is a very wide one. The figure speaks for itself. I assure the Deputy that I received...

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: Given that the fundamental issue of confidence that has to be addressed-----

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: -----in this country is how we recreate confidence in those abroad that we are able to manage our own affairs and that we are not going to have a continuing gap of €20 billion between expenditure and income----

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: If one is anxious about the release of €90 billion in deposits I suggest that promising marginal tax rates of between 60% and 80% will not procure their release.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: I did.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: In early September I had information at my disposal and conveyed some of it to the committee on the then outstanding bond liabilities of Anglo Irish Bank, both subordinated and senior. I am happy to provide the Deputy with that information but I believe she is anxious to establish the position on the redemption or repayment of bonds during the guarantee period as a whole. I understand some...

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: Yes, but I presume the question was disallowed for a reason.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: No.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: The information is at the disposal of the bank. I will arrange for the bank to convey the information.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: It is not information that is immediately at my disposal.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: The non-NAMA book was assessed by the regulator and his independent determination was that the provisioning envisaged in the capital sum is sufficient to cover requirements, which will be the asset of the asset bank in the future. I welcome the fact that Fine Gael and the Labour Party accept the need to meet the 3% target by 2014. Deputy Morgan has indicated that his party does not, meaning...

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: That is the advice of the NTMA.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: I was asked for the advice of the NTMA and I am giving it. A credible pathway must be demonstrated and that is why it is essential if we are to achieve a target by 2014 that we set out in detail in taxation, expenditure and growth plans how we will meet that target by 2014. On the growth side, whatever estimate we make, it must be realistic and based on existing sectors, while including...

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: Deputy Burton did not seek any such undertaking in the past two years by way of legislative amendment or proposal. She has decided to seek this undertaking today and ask why it was not sought two years ago; it was not sought because it is not possible.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: I am allowed to answer a question.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: The inspector would not have been able to incarcerate anyone in Ireland, even if we agreed with Deputy Burton's inquiry. That is the point, citizens of this country have the right to travel overseas and that is why there was no basis for me to seek such an undertaking in the absence of legislative power to detain people here. That is the practical position and the Deputy knows that.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: She does know that, she knows a great number of things she does not disclose to this House because she wants to make a populist chant, which is easy to do.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: It is not a term of abuse.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: It is mild compared with some of the suggestions she made to me in the question, for example, that I facilitated the escape of these individuals from the jurisdiction and the concealment of their assets. I assure her that I have been in constant discussion-----