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Order of Business (8 Nov 2011)

Enda Kenny: I answered the questions of Deputies Ó Ríordáin and Adams in response to Deputy Martin. The Financial Regulator is completely independent and his job is to regulate and oversee a level playing pitch in respect of the banks. It is unfair and just not right that banks that set their prices in respect of tracker mortgages should attempt to make up losses by increasing interest rates on...

Order of Business (8 Nov 2011)

Enda Kenny: The Deputies should bear with me.

Order of Business (8 Nov 2011)

Enda Kenny: Of course he is not, but he is completely independent of me. I cannot-----

Order of Business (8 Nov 2011)

Enda Kenny: Before the Deputy entered the House, there was another regulator who said the banks were adequately capitalised, and the Government went along with that.

Order of Business (8 Nov 2011)

Enda Kenny: Let me be clear. The point is that if the regulator, Mr. Elderfield, tells the Government he has a problem in implementing this-----

Order of Business (8 Nov 2011)

Enda Kenny: The Deputies should hold on.

Order of Business (8 Nov 2011)

Enda Kenny: If the regulator points out-----

Order of Business (8 Nov 2011)

Enda Kenny: If the regulator points out-----

Order of Business (8 Nov 2011)

Enda Kenny: If the regulator, Mr. Elderfield, points out where his powers should be enhanced in order to have interest rate reductions passed on to mortgage customers, be they in State or non-State banks, the Government will be very happy to engage with him in that regard. I want to hear from him as to what powers he is seeking.

Order of Business (8 Nov 2011)

Enda Kenny: Actually, I will-----

Order of Business (8 Nov 2011)

Enda Kenny: The Deputy knows that.

Order of Business (8 Nov 2011)

Enda Kenny: That is on the A list and the Minister for Justice and Equality will report to the Cabinet thereon shortly.

Order of Business (8 Nov 2011)

Enda Kenny: The local government (charges) Bill is expected this session. It is not necessary that all Stages be passed by the time of the budget. The timeline for the process leading up to the budget has been set out for Members like never before. I look forward to seeing Deputy Joe Higgins on Friday at the inauguration of President-elect Higgins, his namesake.

Order of Business (8 Nov 2011)

Enda Kenny: That association might mean an invitation to the Phoenix Park for the Deputy; one never knows. However, the President-elect will not be able to comment on politics in the way he normally would with the Deputy in respect of their differences of opinion on a range of issues.

Order of Business (8 Nov 2011)

Enda Kenny: This session.

Order of Business (8 Nov 2011)

Enda Kenny: It is a bit like the biblical quotation to the effect that one knows not the time nor the hour. The Deputy quoted the Bible to me some time ago. There are quite a number of budgetary measures that have to be given effect after the budget, as applies every year. I cannot give the Deputy the exact date. The legislation is expected this session and there will not be any delay when we get...

Order of Business (8 Nov 2011)

Enda Kenny: I understand the Department is not ready to take it today. I hope it can be taken next week or the week thereafter.

Order of Business (8 Nov 2011)

Enda Kenny: Yes, and I expect that is an issue that will be dealt with pretty comprehensively. The Minister is being realistic in this instance about policy and the priority accorded to legislation. He has already made the point that we intend to meet the Kyoto targets signed up to. There are a number of policy issues and it is only right and proper that, in respect of these, there should be serious...

Order of Business (8 Nov 2011)

Enda Kenny: Yes, it is in the programme for Government but the Minister's focus is now on dealing with policy priorities involving consultation. The question of the Bill referred to in the programme for Government will be dealt with when the consultation process has concluded.

Order of Business (8 Nov 2011)

Enda Kenny: To be honest with the Deputy, it probably will not be in the first quarter.

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