Results 2,041-2,060 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 (9 May 2018)

Rose Conway Walsh: Again today I have to raise the issue of the cervical screening scandal and the failure of the Government to respond to the calls for the head of the HSE to be removed. It symbolises its ineptitude to deal with the horrific situation that presents for women. The words "contempt" and "unfeeling" come to mind when I see the response of the Taoiseach, Deputy Leo Varadkar. It is certainly not...

Seanad: Report on Credit Union Sector: Statements (9 May 2018)

Rose Conway Walsh: I welcome the Minister of State to the Seanad to discuss the report on the credit union movement. I welcome the publication of the report and the significant amendments that were submitted by various parties. As did other speakers, I commend the work of all of the volunteers and people connected to credit unions, and certainly to all of the credit unions I know, which form the very heart of...

Joint Oireachtas Committee on Health: Quarterly Update on Health Issues: Discussion (9 May 2018)

Rose Conway Walsh: I want to discuss mandatory disclosure and especially the decision by the Government in November to include the amendment on the advice of the HSE. This amendment would mean that disclosure was voluntary rather than mandatory. Who within the HSE gave this advice to the Minister?

Joint Oireachtas Committee on Health: Quarterly Update on Health Issues: Discussion (9 May 2018)

Rose Conway Walsh: The Minister obviously did not have that. Even though he gives the impression in the committee that he had cross-party support for it being voluntary rather than mandatory, and while it might have been discussed at the committee, the recommendation from the HSE was that it would be voluntary.

Joint Oireachtas Committee on Health: Quarterly Update on Health Issues: Discussion (9 May 2018)

Rose Conway Walsh: Did the HSE give any opinion at all on it?