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Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: Deputy Burton raised the question of the terms of reference and asked why these did not extend to the Government and the Department of Finance. I believe there are two distinct issues Deputy Burton is anxious to see examined. One relates to the causes of the crisis and the fact that the response, the analysis, the assessment, the Department may have made and the advice it may have given to...

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: Under the legislation, it will come to me first.

Referral to Committee of Macro-economic Policy Lessons: Motion (8 Jul 2010)

Brian Lenihan Jnr: I move: That Dáil Éireann requests the Joint Committee on Finance and the Public Service, to consider the following Reports: — 'The Irish Banking Crisis: Regulatory and Financial Stability Policy 2003-2008', by the Governor of the Central Bank, and — 'A Preliminary Report on The Sources of Ireland's Banking Crisis', by Klaus Regling and Max Watson, which were laid before Dáil Éireann...

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: I move: That Dáil Éireann: — having regard to the significant public concern about the scope and cost of measures that have been necessary to stabilise the Irish banking sector; — noting the recommendations of the reports, 'The Irish Banking Crisis: Regulatory and Financial Stability Policy 2003-2008', by the Governor of the Central Bank, and 'A Preliminary Report on The Sources of...

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: It was eventually.

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: They did.

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: They did.

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: I will deal with that in my reply.

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: That will be brought before the House prior to the extension.

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: That will have to be examined, I agree.

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: It is beginning to show signs of life again.

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: The point is NAMA will not pay for them.

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: Because it is a circle of incompetence rather than untouchability.

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: Through a wealth tax?

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: I thank Deputies for their interventions in this debate. I will deal with issues raised on all sides. Deputy Noonan raised the question of the information flow from the regulatory and central banking system to the Department. The difficulty is that we are trenching upon the distinction I drew in the debate - which is the one point of difference between our position on the terms of reference...

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: I did not have sight of any amendments, though I am not-----

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: Yes, the informal amendments.

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: Procedurally, I am advised that we cannot change the terms of reference today in the House, so I am undertaking to the House that the terms of reference will be changed. I understand there is the power to subsequently amend the terms of reference-----

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: -----so I am proposing to do that. That cannot now happen until late September or early October, but I can make the decision now and advise the chair to proceed on that basis. The necessary change can be made by way of a motion without debate in the House in the autumn.

Economic Issues: Motion (Resumed) (7 Jul 2010)

Brian Lenihan Jnr: We did not say that; that was what the CSO said.

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