Results 2,081-2,100 of 16,537 for speaker:Brian Lenihan Jnr

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Brian Lenihan Jnr: I will further deal with this matter in the announcement I propose to make tomorrow on the banking system. The second matter raised by Deputy Noonan was the position of holders of subordinated debt in Anglo Irish Bank. I touched on this issue in my reply to Deputy Rabbitte and again I will deal with it in the statement to be made tomorrow on the banking system. The third matter was the...

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Brian Lenihan Jnr: I will have to examine that defence; I am not in a position to assist the Deputy on that matter now.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Brian Lenihan Jnr: I do not examine Garda affidavits as Minister for Finance and the Garda——

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Brian Lenihan Jnr: The Garda does not hand over affidavits to me and quite honestly I am not aware of that affidavit.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Brian Lenihan Jnr: The Deputy has repeated St. Patrick's Day 2008 every time the subject of this bank has been discussed in the House.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Brian Lenihan Jnr: I put on the record of the House already——

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Brian Lenihan Jnr: I move: That Dáil Éireann approves the terms of the draft scheme entitled Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2010 a copy of which draft scheme was laid before Dáil Éireann on 23rd September, 2010. I move the motion to approve the draft statutory instrument entitled the Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2010. This...

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Brian Lenihan Jnr: The relevant State authorities will continue to monitor the funding situation of Irish banks and the requirement for the guarantee in the future. Markets are currently dislocated. The EU state aid rules provide that the guarantee can be extended for a maximum of six months on each occasion. We will revisit the requirement for an ELG scheme in consultation with the European Commission and...

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Brian Lenihan Jnr: Yes, we will do our best to help the Deputy.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Brian Lenihan Jnr: I am sorry to interrupt but, I did not say that.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Brian Lenihan Jnr: I did not say it was the cheapest rescue.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Brian Lenihan Jnr: If a person in the bank said that he-she would be open to criminal prosecution.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Brian Lenihan Jnr: The party in Bank of Ireland who is alleged to have said has never come forward. He is unindented and unknown. That is the basis of the Deputy's allegation in the House.

Credit Institution (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Brian Lenihan Jnr: They received no directive from me.

Written Answers — Pension Provisions: Pension Provisions (8 Jul 2010)

Brian Lenihan Jnr: I do not have full information requested by the Deputy. However, I do have some data on marriage gratuities which were normally paid to women who had to retire on marriage grounds provided they had the necessary qualifying service. The qualifying period was six years service before 1st January 1968 and five years service from that date. While I do not have data on the number of such...

Written Answers — Tax Code: Tax Code (8 Jul 2010)

Brian Lenihan Jnr: The air travel tax was one of a number of Budgetary measures introduced recently that was necessary in the context of an overall response to the fiscal challenges we face. I have stated before that I believe the impact of the tax on passenger numbers is being overstated, however, my officials will continue to monitor the impact of the tax.

Written Answers — Economic Forecasts: Economic Forecasts (8 Jul 2010)

Brian Lenihan Jnr: Yesterday my Department published a revised set of economic forecasts for 2010. In terms of the labour market, employment is forecast to fall by 4 per cent this year. A more comprehensive forecast, covering the period 2011 to 2014, will be provided in the Pre-Budget Outlook in the autumn.

Written Answers — National Lottery: National Lottery (8 Jul 2010)

Brian Lenihan Jnr: Section 5 of the National Lottery Act 1986 provides that the surplus from the National Lottery may be used for the following purposes: sport and other recreation; national culture, including the Irish Language; the arts, within the meaning of the Arts Act 1951; the health of the community; and for such other purposes as the Government may determine. The following additional categories have...

Written Answers — Irish Horseracing Industry: Irish Horseracing Industry (8 Jul 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 83 to 85, inclusive, together. In a previous response to the Deputy on 30 June 2010, I was pointing out that there is a significant crossover between betting and horseracing. Horseracing needs betting; indeed it would be hard to imagine it surviving otherwise. While horseracing may be only one sport which punters bet on, it is still the main driver of...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (8 Jul 2010)

Brian Lenihan Jnr: I am informed by the Financial Regulator that it has not laid down new rules regarding capital requirements for credit institutions. However, in common with other jurisdictions, the Financial Regulator performed a stress test exercise in the first quarter of 2010 in respect of certain credit institutions covered by the Government guarantee. The results of this exercise were published as the...