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Written Answers — Department of Finance: Insurance Industry Regulation (13 Dec 2018)

Paschal Donohoe: At the outset, the Deputy should note that I am very conscious of the problems caused in recent years by a number of non-life companies passporting into the Irish market particularly on the motor side.  I am very unhappy that supervisors in the authorising countries in question have not done their job adequately, and as a result the Irish Compensation Fund and by extension, Irish...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (13 Dec 2018)

Paschal Donohoe: The current design of ISIF’s Global Portfolio is the most effective way to meet its requirement to ensure that capital is available as investment opportunities in Ireland are executed and drawn down, while making a significant contribution towards ISIF’s investment return objective. ISIF’s legislative mandate – to invest on a commercial basis in a manner...

Written Answers — Department of Finance: Central Bank of Ireland Properties (13 Dec 2018)

Paschal Donohoe: The Commission of the Central Bank of Ireland is solely and independently responsible for administering the provision of accommodation and office and other equipment with a view to enabling the Bank to perform and exercise its functions and powers, as enshrined in Section 6B of the Central Bank Act, 1942 (as amended). I am informed that the Central Bank Commission decided...

Written Answers — Department of Public Expenditure and Reform: Garda Stations (13 Dec 2018)

Paschal Donohoe: The Programme for Government included a ‘pilot programme of Garda Station re-openings’ throughout the country, including Bawnboy Garda Station. OPW undertook technical surveys on the building and issued a report on the works required, indicative costs involved and proposed layout to Garda Estate Management earlier this year. Subsequently, An Garda Síochána...

Written Answers — Department of Public Expenditure and Reform: Children's Science Centre (13 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 69, 71 and 74 together. Having obtained planning permission for the provision of premises for the proposed interactive Children’s Science Centre at Earlsfort Terrace, the Commissioners of Public Works are in the process of procuring technical consultants to prepare tender/contract documentation with a view to preparing a request for tenders in the...

Written Answers — Department of Public Expenditure and Reform: Flood Prevention Measures (13 Dec 2018)

Paschal Donohoe: Kerry County Council with funding provided by the Office of Public Works is currently undertaking a feasibility study to ascertain what measures could be put in place to protect this property from flooding.

Written Answers — Department of Public Expenditure and Reform: Public Procurement Regulations (13 Dec 2018)

Paschal Donohoe: Public Procurement is governed by EU legislation and National rules and guidelines. The aim of these rules is to promote an open, competitive and non-discriminatory public procurement regime which delivers best value for money. When carrying out procurement procedures, contracting authorities require suppliers to comply with a wide variety of legislation in areas that would include...

Written Answers — Department of Public Expenditure and Reform: Flood Relief Schemes Status (13 Dec 2018)

Paschal Donohoe: The position on flood relief schemes in County Wexford is as follows: Work on the development of the proposed Enniscorthy Flood Defence Scheme is progressing well.  A public information day was held in June 2018 which was very well attended and provided some important feedback on the proposed scheme.  A formal Public Exhibition of the scheme is planned for early...

Written Answers — Department of Public Expenditure and Reform: Public Procurement Regulations (13 Dec 2018)

Paschal Donohoe: Public procurement is governed by EU and National rules. The rules are transposed into Irish law and apply to tenders for public contracts whose monetary value exceeds certain thresholds. The National Public Procurement Policy Framework sets out the overarching policy for public procurement in Ireland.  It sets out the procurement procedures to be followed by Government Departments...

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation (18 Dec 2018)

Paschal Donohoe: Earlier in the year, the Public Service Pay Commission published a set of proposals on this issue. The Government has already given a commitment that we will fund and implement these proposals for next year. A meeting of the oversight committee of the public service stability agreement is taking place tomorrow. As the Deputy will be aware, the way in which we engage with trade unions on...

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation (18 Dec 2018)

Paschal Donohoe: I will take that question. The Government has brought forward a range of measures to give as much protection as possible to citizens who are facing great difficulty, whether mortgage holders or those who run or own small businesses. As the Deputy will be aware, recently I initiated through the Central Bank a review of the code of conduct on mortgage arrears. It shows that the measures we...

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation (18 Dec 2018)

Paschal Donohoe: All that is true about what the Deputy said about banking pay and remuneration is that I have requested that an independent review of this issue be carried out. The main reason I have done that is I want the Irish taxpayers' money back. We invested billions upon billions of euro in the Irish banking system. Deputy Burton was a great critic of it at the time and she was correct to be a...

Written Answers — Department of Finance: Legislative Measures (18 Dec 2018)

Paschal Donohoe: The Bill to which the Deputy refers is a Private Member's Bill, which is being supported by the Government. It has not yet completed its passage through the Seanad. Responsibility for the implementation of the Bill, when enacted, will be a matter for the Central Bank of Ireland. How the legislation would operate in relation to a specific company will depend on exactly how the company...

Written Answers — Department of Finance: Insurance Industry Regulation (18 Dec 2018)

Paschal Donohoe: At the outset I would like to say that as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation, and have no role in the day to day supervision of insurance companies. I have therefore consulted with the Central Bank on the matters raised by the Deputy. The Central Bank has informed me that, as at 6 December 2018, 175 life...

Written Answers — Department of Finance: Insurance Industry Regulation (18 Dec 2018)

Paschal Donohoe: At the outset, the Deputy should note that currently there is no European harmonised framework of insurance guarantee schemes (IGSs) for the insurance sector. Member States have therefore adopted their own approach to such policyholder protection schemes, which show noticeable differences in design features, such as scope, coverage and funding. These differences in national IGSs, together...

Written Answers — Department of Finance: Insurance Industry Regulation (18 Dec 2018)

Paschal Donohoe: At the outset I would like to say that as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation, and have no role in the day to day supervision of insurance companies. I have therefore consulted with the Central Bank on the matters raised by the Deputy. The Central Bank has advised me that the data sought by the Deputy regarding the...

Written Answers — Department of Finance: Ministerial Travel (18 Dec 2018)

Paschal Donohoe: In the time available, it has not been possible to compile all the information sought by the Deputy. However, my officials are continuing to assemble relevant details and I will forward the information to the Deputy as soon as the task is completed.

Written Answers — Department of Finance: NAMA Property Sales (18 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 139 to 141, inclusive, together. Earlier this month the Department of Housing, Planning and Local Government (DHPLG) published guidelines for planning authorities entitled “Urban Development and Building Heights” available at: Responsibility for issuing those guidelines is the exclusive competence of the Minister for Housing, Planning and Local...

Written Answers — Department of Finance: Brexit Staff (18 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 142 and 144 together. I am advised by Revenue that they will require an additional 600 staff as a result of Brexit. This is based on the central case scenario of an orderly withdrawal, to include a transition period to the end of 2020, followed by an agreed future trading relationship between the EU and the UK. I am advised that Revenue’s...

Written Answers — Department of Finance: Brexit Data (18 Dec 2018)

Paschal Donohoe: The Authorised Economic Operator (AEO) programme, which aims to enhance international supply chain security and to facilitate legitimate trade, is open to all supply chain actors. There is no legal obligation for economic operators to become an AEO, it is a matter of choice for each operator based on their individual circumstances. I am advised by Revenue that 155 economic operators have...

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