Results 15,461-15,480 of 16,537 for speaker:Brian Lenihan Jnr
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: As has been discussed several times in the House-----
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: -----the introduction of a special resolution regime would be a powerful weapon for securing the necessary restructuring of the Irish banking system.
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: Such a regime would provide the authorities with an enhanced toolkit for the future, in line with best practice internationally, for dealing with distressed financial institutions. However, it is important to be clear contrary to what is rapidly becoming the conventional wisdom that such a regime is not necessarily a panacea for minimising the fiscal costs to the State of our banking crisis...
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: That is not why the Governor spoke. The Government spoke the truth to reassure the public.
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: It was always the position.
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: The Deputy is misrepresenting the position.
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: On a point of fact, that was in my statement on 30 September.
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: I did.
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: Who saw to it that Mr. FitzPatrick left the State two months later?
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: I think the Deputy was referring to Allied Irish Bank.
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: It is not in the statement.
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: I said that last September.
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: I outlined the protection for depositors at the beginning of the statement. I restate the existence of the State guarantee. It is not limited to the â¬100,000 permanent guarantee which is established in our statute law but also extends by virtue of the vote in the House yesterday evening on an unlimited basis to all deposits, be they corporate or retail. That is an important issue. I am...
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: The Deputy asked a number of questions but the one she is most anxious about is who is in charge of the negotiations. As Minister for Finance, I am accountable to this House and I am responsible for the negotiations.
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: I am in charge of these negotiations. The persons conducting the negotiations are officials and officers of my Department, assisted, as I indicated in my opening statement, by officials from the National Treasury Management Agency who are subject to my direction.
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: That is the position in regard to these talks. Of course I have constant liaison with the officers concerned and with the National Treasury Management Agency. The Central Bank-----
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: I am sorry, what does the Deputy want clarified further than that?
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: No. Could I deal-----
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: Let us be clear. I have not given plenipotentiary powers to anyone.
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: Yes, but I am not participating in the conduct of the discussions because they are of a technical nature.