Results 2,061-2,080 of 6,295 for speaker:Michael D'Arcy

Financial Services and Pensions Ombudsman Bill 2017: Report and Final Stages (14 Jul 2017)

Michael D'Arcy: I move amendment No. 3:In page 26, line 29, to delete “substantiated or partly substantiated” and substitute “upheld, substantially upheld or partially upheld”. I will discuss amendment No. 3 with amendments Nos. 4, 6 and 11 to 15, inclusive, as they all relate to updating the categories of decision the Ombudsman can make in relation to complaints received and...

Financial Services and Pensions Ombudsman Bill 2017: Order for Report Stage (14 Jul 2017)

Michael D'Arcy: I move: "That Report Stage be taken now."

Financial Services and Pensions Ombudsman Bill 2017: Report and Final Stages (14 Jul 2017)

Michael D'Arcy: I move amendment No. 2:In page 22, to delete lines 2 to 33 and substitute the following:“18. (1) In this section, “regulatory authorities” means the Bank, the Competition and Consumer Protection Commission and the Pensions Authority. (2) The Council and the Ombudsman shall co-operate with the regulatory authorities with a view to ensuring that this Act operates in a way...

Mediation Bill 2017: Report Stage (Resumed) and Final Stage (13 Jul 2017)

Michael D'Arcy: I move amendment Nos. 28:In page 16, to delete lines 26 to 38, and in page 17, to delete lines 1 to 5.

Asian Infrastructure Investment Bank Bill 2017: Report and Final Stages (13 Jul 2017)

Michael D'Arcy: I move: "That Report Stage be taken now."

National Shared Services Office Bill 2016: Order for Report Stage (13 Jul 2017)

Michael D'Arcy: I move:"That Report Stage be taken now."

Summer Economic Statement 2017: Statements (13 Jul 2017)

Michael D'Arcy: -----one gets to the high rate of tax, the marginal rate of 52%, when ones earns €33,800. To put that in context, the average industrial wage is €36,000. This is one of the very few jurisdictions in which one is able to get to 52%, the higher rate of tax, before getting to the average industrial wage. On the national debt, some of the things that were said earlier are...

Summer Economic Statement 2017: Statements (13 Jul 2017)

Michael D'Arcy: I will begin by complimenting Deputy Maureen O'Sullivan. Her speech was the best this morning by a country mile. An incredible number of opinions were expressed this morning as though opinion was fact. While I do not want to spend too much time on that, I will touch on some of them. The redistribution of wealth operates via taxation through the Government. During the worst periods of...

Seanad: Commencement Matters: Road Projects (11 Jul 2017)

Michael D'Arcy: The Programme for a Partnership Government committed to additional capital investment over the period of the capital plan to 2021, to be allocated on the basis of the outcome of a review of that plan. This review is ongoing. The process will guide and inform the decision by the Government on revised capital allocations made to Departments at budget time in October. The review is also an...

Seanad: Commencement Matters: Road Projects (11 Jul 2017)

Michael D'Arcy: There is a clear understanding and realisation the development of infrastructure of this type benefits sectors and regions. When speaking about my area of responsibility, financial services, it is important for the body politic to understand infrastructure development should be viewed not on a county by county but a regional basis. Anywhere there is an improvement in connectivity, whether...

Seanad: Commencement Matters: Road Projects (11 Jul 2017)

Michael D'Arcy: The Cathaoirleach will have one next year.

Seanad: Commencement Matters: Public Sector Allowances (11 Jul 2017)

Michael D'Arcy: The mileage rates are designed to reimburse an officer for the costs incurred in using his or her own car on official business. The rates are set based on a methodology agreed with the staff associations. The methodology takes account of both overhead costs, such as car cost and insurance, and also running costs such as fuel costs and maintenance. Under the Haddington Road agreement, a...

Seanad: Commencement Matters: Public Sector Allowances (11 Jul 2017)

Michael D'Arcy: I will certainly do that for the Senator.

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (11 Jul 2017)

Michael D'Arcy: The issue of mediation is an important aspect of this Bill and of the Government's Bill on the amalgamation of the Financial Services and Pensions Ombudsmen. We had a constructive discussion of this section last week on Committee Stage. We are all in agreement on the benefits of mediation and desirability that it plays a central role in how the Ombudsman resolves complaints. It was agreed...

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (11 Jul 2017)

Michael D'Arcy: The Senator is very kind.

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (11 Jul 2017)

Michael D'Arcy: I note that the Senators have submitted an identical amendment to section 8 of the Bill and I thank them for their co-operation on this matter. Section 8 amends section 57CL of the Central Bank Act 1942 and provides that a complainant may appeal a finding of the Financial Services Ombudsman to the High Court within 35 days of notification of the Ombudsman's decision, or within such other...

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (11 Jul 2017)

Michael D'Arcy: I thank everybody concerned, starting with Deputy Doherty, who moved this Bill through the Dáil and Seanad, and all the Members of this House. The first time I took this Bill I said Senators would find me accommodating and flexible in trying to ensure that the best legislation would be passed. I thank the Senators for the debate and the staff at the Department of Finance. We have...

Ceisteanna - Questions (Resumed) - Priority Questions: Insurance Compensation Fund (5 Jul 2017)

Michael D'Arcy: As I said, 324 cases have been concluded. The legislation is clear that within six months they will receive 65% of their payment from the ICF. The issue is the shortfall following this ICF payment. We do not know what amount will be gathered from the liquidation process. The State simply cannot intervene at this stage. We are awaiting an up-to-date actuarial process on the information...

Ceisteanna - Questions (Resumed) - Priority Questions: Insurance Compensation Fund (5 Jul 2017)

Michael D'Arcy: I will give a commitment that I will work with everybody to achieve the best possible result. However, the information we have is clear. If the Government attempts to step into the conversation at this stage, potentially the liquidator could reduce the amounts it will make available to claimants. The Government would then subsequently have to pick up a further amount. I would not like...

Ceisteanna - Questions (Resumed) - Priority Questions: Insurance Compensation Fund (5 Jul 2017)

Michael D'Arcy: The Supreme Court delivered its judgment on 25 May 2017 and overturned the previous decisions of the High Court and the Court of Appeal that the Motor Insurers' Bureau of Ireland is liable in respect of third party motor insurance claims made against the policyholders of Setanta Insurance. The consequence of this is that the Insurance Compensation Fund, ICF, has been deemed responsible for...