Results 1,801-1,820 of 32,547 for speaker:Paschal Donohoe

Residential Tenancies (Amendment)(No. 2) Bill 2012: Second Stage (15 Nov 2012)

Paschal Donohoe: I join Deputy Byrne in welcoming the Bill and I thank the Minister of State for attending. I approve of everything the Bill contains and hope it will make a contribution to the proper and efficient regulation of the sector. The issue I wish to raise was touched upon by Deputy Byrne, namely, anti-social behaviour within the private rental sector and the broader issue of maintenance of...

Joint Oireachtas Committee on European Union Affairs: Exchange of Views with European Union Affairs Committee of Latvian Parliament (20 Nov 2012)

Paschal Donohoe: I am sorry to have missed the opening presentations, although I followed the exchange of views with great interest. The Latvian ambassador, Mr. Elferts, recently made an excellent presentation at a conference in Maynooth on the European debt crisis in which he presented the view of a non-eurozone member and outlined the difficulties experienced by his country. It is interesting that Latvia...

Joint Oireachtas Committee on European Union Affairs: Exchange of Views with European Union Affairs Committee of Latvian Parliament (20 Nov 2012)

Paschal Donohoe: He is a figure of great interest.

Joint Oireachtas Committee on European Union Affairs: Exchange of Views with European Union Affairs Committee of Latvian Parliament (20 Nov 2012)

Paschal Donohoe: Some 1.4%?

Joint Oireachtas Committee on European Union Affairs: Exchange of Views with European Union Affairs Committee of Latvian Parliament (20 Nov 2012)

Paschal Donohoe: It strikes me that there is a similarity between Latvia's approach to the euro and Ireland's approach to the euro when we joined. In essence, what you are saying is that devaluing one's own exchange rate is an artificial source of competitiveness and that in the long run where competitiveness comes from is from the structure of one's industries and so on. Latvia wants to go down that route,...

Topical Issue Debate: Mortgage Interest Relief (21 Nov 2012)

Paschal Donohoe: A Leas-Cheann Comhairle, I thank you for the opportunity to raise this issue, which is the revised measure on mortgage interest tax relief that came out of last year's budget. One of the commitments in the programme for Government was to find a way of expanding the mortgage interest tax relief programme to focus on house buyers who bought their homes between 2004 and 2008. This measure was...

Topical Issue Debate: Mortgage Interest Relief (21 Nov 2012)

Paschal Donohoe: I thank the Minister of State for the detail in his answer. It is much appreciated. There are, however, two elements in the answer that are disappointing and shocking. The Minister of State made the point that by May, 57% of beneficiaries had obtained access to the full 30% rate. What about the other 43%? Are they either only getting it at 25% or not at all? In the case of the...

Houses of the Oireachtas Commission (Amendment) Bill 2012 [Seanad]: Second Stage (Resumed) (21 Nov 2012)

Paschal Donohoe: I welcome the opportunity to speak on the Bill. One of my few regrets since becoming a Member of the House was my decision not to participate in a previous debate on the future of Irish and ways in which we can preserve Irish as a vibrant language. I did honours Irish in the leaving certificate and was almost fluent. In the years since, however, I have lost most, if not all, of the language...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Paschal Donohoe: I thank the deputation for attending this morning and for the presentations. I wish to focus on the broader issues we have been discussing with regard to bond yields, getting back into the market and so on. However, first I wish to touch on the issue raised by Deputy Nolan with regard to the position of the State Street episode we discussed earlier. I have the basic question for the...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Paschal Donohoe: This was an issue of the unit within the organisation, as opposed to individuals, making additional financial gain.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Paschal Donohoe: Would the compensation of these individuals have been tied into the performance of their business unit?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Paschal Donohoe: Mr. Corrigan has helped me understand that it is unlikely that this money ended up in someone's personal bank account. It is important to clarify that. The question that has been bugging me all day is where the money went. We have eliminated one option. Is it not feasible to suggest that individuals' compensation is tied into the performance of their business unit? This so-called...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Paschal Donohoe: That is fine. It was mentioned that the three individuals involved left the bank. Did they leave the bank in its entirety or did they leave the business unit of the bank?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Paschal Donohoe: They exited the bank fully, as opposed to exiting the unit within the bank?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Paschal Donohoe: I just wanted to clarify that because I was not clear on it during the discussion. My next question relates to paragraphs 4.39 and 4.4 of the Comptroller and Auditor General's report. This makes reference to a communication from the bank to the NTMA which arose from a review of transitions undertaken in 2010 and 2011. It was determined that the bank acted as a reckless principal in...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Paschal Donohoe: May I interject to be sure I understand? The shares were supposed to have been traded as a basket of shares, but they were sold as the components of the basket.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Paschal Donohoe: Was this issue separate from the substantive issue discussed by Deputy Nolan, or is it part of it? Is the €787,000 part of the €3 million, or €2.8 million, that we have discussed?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Paschal Donohoe: It is part of it.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Paschal Donohoe: Which makes up the €3 million we have been discussing. That is fine. I just wanted to clarify that. My colleagues have discussed the fact that this bank continues to be involved in another element of business with the NTMA. How acceptable does Mr. Corrigan think that is? I understand completely that he is waiting for the result from the FSA and that he needs to do that. He used...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Paschal Donohoe: Surely the strongest way of articulating NTMA's displeasure would be to suspend trading with the bank.