Results 20,081-20,100 of 26,960 for speaker:Richard Boyd Barrett

Garda Inspectorate Report on the Fixed Charge Processing System: Statements (26 Mar 2014)

Richard Boyd Barrett: The Attorney General briefed the Taoiseach about the seriousness of the bugging, the Minister was briefed on Monday and then the Secretary General of the Department of Justice and Equality went to see the Garda Commissioner. Did the Minister know the Secretary General of his Department was going and what he was going to say to the Garda Commissioner or what he did say? Could the Minister...

Garda Inspectorate Report on the Fixed Charge Processing System: Statements (26 Mar 2014)

Richard Boyd Barrett: What matters was he told to discuss with the Garda Commissioner?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Richard Boyd Barrett: To clarify, Ireland is putting in money now from the Central Fund, in anticipation of a profit we will make on the redemption of the bonds. If the bonds were not redeemed, for whatever reason, that is, were Greece to default, we would have given away the money and would not be getting it back. Am I correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Richard Boyd Barrett: No, I fully get that, because we are not talking about the interest, which is a different matter that was discussed earlier. However, if the bonds were not redeemed, we would not get our money back. Am I correct? I ask just so members know. As it happens, I still believe we probably should do it because it is a benign thing to do but if members are passing or discussing legislation, they...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Richard Boyd Barrett: The full amount, that is, the €160 million.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Richard Boyd Barrett: No, I will mull over that response.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Richard Boyd Barrett: Although not many members are present, would the committee-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Richard Boyd Barrett: The legislation is being brought forward.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Richard Boyd Barrett: It is up to members to ring the alarm bells individually, as it were.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Richard Boyd Barrett: I accept that in many ways building societies have started to function like banks but that said, in ICS there might be a legacy in terms of how it deals with customers, which means it has a slightly different approach to dealing with customers than banks, which some might argue – perhaps not me - have a more hard-headed approach with mortgage holders. There are questions to which we...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Richard Boyd Barrett: In other words, there might be an opportunity for stakeholders to-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Richard Boyd Barrett: Do you mean now or later, Chairman?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Richard Boyd Barrett: I will have to think about the response. I would make the point to the Department and whoever is listening - I hope the Minister is listening – that some effort should be made to alert the customers that legislation is being considered which could impact on their mortgages or deposits so that they might have an opportunity to come forward and make their views known. We do not even...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Richard Boyd Barrett: The point has already been alluded to that it was a pity we did not get this deal or even ask for such a deal because the other side of the equation is that people did profit and are profiting from our distress and from purchasing our bonds at discounted rates and making the full whack on them because they knew we were going to pay every cent back at the point of redemption. The Government...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Richard Boyd Barrett: I will not labour the point except to say that we are subject to conditionality still. There are all sorts of post-programme monitoring mechanisms.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Richard Boyd Barrett: Is it correct to say that we are giving the money in anticipation of a profit we will make?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Richard Boyd Barrett: The reason I ask the question is because, if for any reason Greece defaulted, is it the case that we would not get the money back? Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Richard Boyd Barrett: Following on the same line of questioning, do we know how many customers, in particular mortgage holders, ICS has?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Richard Boyd Barrett: Following on the same line of thought that we might consider the implication of this legislation for real human beings and families, maybe it would be useful to find that information out. Is there any intention on the part of the Department to notify or alert customers with ICS that legislation in the offing which could affect their mortgages or deposits? Has that been discussed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Richard Boyd Barrett: Is that after the legislation or before it?