Results 1,961-1,980 of 4,002 for speaker:Rose Conway Walsh

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Rose Conway Walsh: I want to concentrate on the vulture funds. I am rather alarmed by some of what we have heard today. I want to clear something with the Governor. Does the Central Bank have a consumer protection role for farmers, small businesses or homeowners who may have bought a second property? Does the Central Bank have a consumer protection role in respect of the loans sold off?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Rose Conway Walsh: Some are covered under the code of conduct and some are under the consumer protection role. I want to get at this in terms of accountability. All of these cases are unravelling in terms of how small businesses, farmers, homeowners and those who have bought a second house are being treated by vulture funds. I want to know about this for the future. We are dealing with tracker mortgages...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Rose Conway Walsh: The problem is that much of this is not written down. Rather it is done verbally. How does the Central Bank know through its investigations what is happening when things are done verbally? It is the word of the property owner against the vulture fund or the regulated entity.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Rose Conway Walsh: Does the Central Bank make it mandatory for the agent or the vulture fund to inform the people they are dealing with of their rights? Where do they get that information? There is confusion over what rights people have and whose responsibility it is to ensure those rights are upheld.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Rose Conway Walsh: People should contact the Central Bank in individual cases of the codes being breached.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Rose Conway Walsh: People do feel they are dealing with it on their own, however, so they ring and ring again, but there is quagmire of information failure. I am asking about cases where the vulture fund is not willing to negotiate with small businesses and receivership has been instigated, or a building is sold from under the business and the owners are forced to sign a lease for multiples of what the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Rose Conway Walsh: It depends on who has the most money to fight these matters. Vulture funds pay a minute amount of tax and avail of section 110 and other loopholes. If the Central Bank does an investigation and finds a vulture fund to be in breach of the code of conduct or regulations, can the favourable taxation terms be withdrawn from it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Rose Conway Walsh: How much has been levied on vulture funds for misconduct to date?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Rose Conway Walsh: Does the Central Bank have enough resources to implement the framework? The framework is wonderful, but if it is not implemented in the right way, it will be of no use.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Rose Conway Walsh: The Central Bank has sufficient resources to ensure the code of conduct and the framework are fully implemented.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Rose Conway Walsh: How many of the loans owned by vulture funds is the Central Bank looking at?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Rose Conway Walsh: The bank has enough resources to do what it needs to do. I am concerned that it is looking at vulture funds through a very narrow prism and from the point of view of the need to protect banks and financial institutions. I am worried that farmers, small businesses, homeowners or people who have bought a second home are being sacrificed as a result. The governor said that, were there to be a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Rose Conway Walsh: I understand that. Has the Central Bank done an analysis on how much we have lost out on because of the tax loopholes and the tax avoidance measures that are being taken by these vulture funds to weigh it up against the benefit of protecting the solid banks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Rose Conway Walsh: How much was it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Rose Conway Walsh: I will leave it at that.

Seanad: Order of Business (Resumed) (15 May 2018)

Rose Conway Walsh: I, too, condemn the slaughter of the Palestinian women, men and children over the weekend. This is nothing new, but those atrocities have focused people's minds. For that reason, I propose an amendment to the Order of Business that the House would get a full report from the Tánaiste and Minister for Foreign Affairs and Trade on his meeting with the Israeli ambassador. It is not good...

Seanad: Order of Business (Resumed) (15 May 2018)

Rose Conway Walsh: Yes.

Seanad: Order of Business (Resumed) (15 May 2018)

Rose Conway Walsh: Absolutely.

Seanad: Order of Business (Resumed) (15 May 2018)

Rose Conway Walsh: Rather than divide the House I accept the Leader's bona fides and that the Minister will be in here as soon as possible to have this serious debate.

Seanad: Radiological Protection (Amendment) Bill 2018: Second Stage (15 May 2018)

Rose Conway Walsh: I thank the Minister for coming to the House to discuss this Bill, which I welcome. The Bill transfers many of the functions under the other radiological protection Acts to one Minister. It deals with nuclear safety in the State but does not deal with the threat posed by nuclear power plants in close proximity to the State. The most concerning of these is the plant formerly known as...