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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Richard Boyd Barrett: Does the directive help in this regard? The issue is that the Government needs to ensure that-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Richard Boyd Barrett: Forbearance.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Richard Boyd Barrett: Again, I apologise to Mr. Honohan if he has gone through this already. Is he concerned that the Government is not going to properly enforce that obligation to offer forbearance?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Richard Boyd Barrett: Again, for the idiot's guide - as it were - how is the Government proposing to proceed with that soft law? Is it in the way it will be transposed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Richard Boyd Barrett: So our committee needs to recommend that it is legislated for. Is this what Mr. Honohan is saying?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Richard Boyd Barrett: Okay.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Richard Boyd Barrett: Right.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Richard Boyd Barrett: This relates to the earlier discussion about the asset not moving but the-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Richard Boyd Barrett: As clear as mud, but I get it. To return to my original point on profits, does Mr. Honohan believe there is any value in trying to limit or cap the funds' profits? I put that question if view of Mr. Honohan asking if there was ever any valid reason for them to make super-profits?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Richard Boyd Barrett: Yes, although in my experience there is often scope for creative accounting of all sorts-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Richard Boyd Barrett: No. Is Mr. Honohan saying that never happens?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Richard Boyd Barrett: In a different context relating to the financial behaviour of film companies, for example, actors have pointed out that the most creative thing in the Irish film industry is the accountancy. Unless it has a lot of resources to check on the financial position of these companies, will the Central Bank actually be in a position to identify and prevent creative accounting which can allow these...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Richard Boyd Barrett: I thank. Mr. Honohan.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Richard Boyd Barrett: Because they are not offering the forbearance they should be offering.

Ceisteanna - Questions: British-Irish Co-operation (12 Dec 2023)

Richard Boyd Barrett: Zak Hania.

Ceisteanna - Questions: Climate Change Negotiations (12 Dec 2023)

Richard Boyd Barrett: 25. To ask the Taoiseach if he will report on his attendance at COP28. [55114/23]

Ceisteanna - Questions: British-Irish Co-operation (12 Dec 2023)

Richard Boyd Barrett: 16. To ask the Taoiseach if he will report on his attendance at the recent meeting of the British-Irish Council. [55113/23]

Ceisteanna - Questions: British-Irish Co-operation (12 Dec 2023)

Richard Boyd Barrett: I note that the Taoiseach discussed the dire situation in Gaza at the British-Irish Council. The Scottish Government has, quite rightly, been very critical of the massacre that is going on in Gaza. This is quite different from the British Government which seems to be cheerleading on the massacre of people in Gaza. Did the Taoiseach discuss the plight of citizens or citizens' families who...

Ceisteanna - Questions: Cabinet Committees (12 Dec 2023)

Richard Boyd Barrett: 7. To ask the Taoiseach when the Cabinet Committee on Social Affairs and Public Services will next meet. [55112/23]

Ceisteanna - Questions: Cabinet Committees (12 Dec 2023)

Richard Boyd Barrett: I want to try to explain the cost-rental scheme to the Taoiseach again. I know it is a bit technical but it is a Government scheme. The point about cost-rental housing is that it is supposed to be for people who are above the social housing income threshold but below €66,000 in net income. However, as well as the income criterion there is an affordability criterion which means the...

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