Results 22,601-22,620 of 35,894 for speaker:Pearse Doherty

Written Answers — Department of Education and Skills: Public Procurement Contracts (5 Nov 2015)

Pearse Doherty: 205. To ask the Minister for Education and Skills if she has received correspondence from an organisation representing bus and coach operators (details supplied) in which concerns have been expressed regarding the current procurement process employed by Bus Éireann for contracts relating to the school transport scheme; if he is considering the establishment of an oversight and appeals...

Finance Bill 2015: Second Stage (4 Nov 2015)

Pearse Doherty: For the fifth year in a row we are presented with a regressive budget followed by a regressive Finance Bill. This is the also the fifth year in a row for us to get the big lie, that there is no alternative. When one takes a step back and looks at the Finance Bill in its entirety and asks who benefits the most, the answer is very clear. This is a budget and Finance Bill for the...

Order of Business (4 Nov 2015)

Pearse Doherty: I wish to raise the matter of two pieces of legislation. I have asked about the first of these on many occasions. It relates to the release of the 1926 census. The Minister of State, Deputy Deenihan, has promised this and it was promised in the programme for Government. Indeed, on 9 March 2012 it was said that the legislation had been approved by Cabinet. The legislation has not come...

Travellers' Rights: Motion [Private Members] (3 Nov 2015)

Pearse Doherty: I welcome tonight's debate, in particular the focus, attention and the contribution by Deputy Mac Lochlainn, who has been to the forefront of advocating on behalf of Travellers long before he got elected to this Chamber. Despite the fact that it might not be very popular in some areas he has never shirked his responsibilities to confront the racist views that are held by a minority. I...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Single Resolution Fund Motion: Discussion (3 Nov 2015)

Pearse Doherty: Deputy Michael McGrath spoke about the three banks. What happens to any other financial institution that is not contributing to this fund? Where do they lie in terms of access to the fund in the future if they get into trouble?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Single Resolution Fund Motion: Discussion (3 Nov 2015)

Pearse Doherty: I am sorry but I did not pick up on the point about the smaller banks.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Single Resolution Fund Motion: Discussion (3 Nov 2015)

Pearse Doherty: I assume that is based not on where they have their headquarters but where they are regulated. Would that be correct?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Single Resolution Fund Motion: Discussion (3 Nov 2015)

Pearse Doherty: We have international banks headquartered here. If an international bank is regulated here, would it pay into the fund?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Single Resolution Fund Motion: Discussion (3 Nov 2015)

Pearse Doherty: That would be as well as all smaller banks. We are basically saying that only three financial institutions are falling into this category because of how they are regulated. Is that correct?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Single Resolution Fund Motion: Discussion (3 Nov 2015)

Pearse Doherty: Yes, I understand that. Let us say we have ten banks instead of three. The Minister has mentioned the two pillar banks and Permanent TSB. If we imagine we have ten banks, would all of them have access to the fund and contribute to it? When this was originally announced, it numbered two or three larger banks across member states. How does that work?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Single Resolution Fund Motion: Discussion (3 Nov 2015)

Pearse Doherty: Is that so even if they do not contribute to it?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Single Resolution Fund Motion: Discussion (3 Nov 2015)

Pearse Doherty: Let us take Ulster Bank, for example, which has announced it is splitting its businesses from being an all-Ireland institution which reports to Britain to reporting on a Twenty-six Counties and Six Counties basis. Just to tease this out, let us hypothesise that the bank would take another leap, with the southern business being regulated under the Central Bank. Where would Ulster Bank be...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Single Resolution Fund Motion: Discussion (3 Nov 2015)

Pearse Doherty: It happens automatically. Are thresholds set down in terms of asset size such that if a bank goes over a certain limit, it automatically falls into the criteria?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Single Resolution Fund Motion: Discussion (3 Nov 2015)

Pearse Doherty: I will speak about the smaller banks. There are a number of a small financial institutions that are trying to break into the market, so if one of them does so and starts taking deposits, issuing loans and so forth, will it contribute to the fund? Some of them are already operating here.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Single Resolution Fund Motion: Discussion (3 Nov 2015)

Pearse Doherty: Yes, I understand that is the case when it is an arm or offshoot of a parent company.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Single Resolution Fund Motion: Discussion (3 Nov 2015)

Pearse Doherty: Yes, I understand that, but I am talking about a domestic bank. We do not have such an example now but if one were created, where would it be?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Single Resolution Fund Motion: Discussion (3 Nov 2015)

Pearse Doherty: I appreciate the clarity. The follow-through from those comments is that every bank in Europe will contribute to the fund either through its parent or-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Single Resolution Fund Motion: Discussion (3 Nov 2015)

Pearse Doherty: Okay. Every bank in Europe will contribute to the fund and have access to it.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Single Resolution Fund Motion: Discussion (3 Nov 2015)

Pearse Doherty: What about internationally owned banks that are non-European but headquartered in the United States or some other jurisdiction? If they have an operation in Ireland, how would it lie?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (Miscellaneous Provisions) Bill 2015: Committee Stage (3 Nov 2015)

Pearse Doherty: Perhaps the Minister would clarify some points on sections 8 and 9 pertaining to the deposit guarantee scheme. I know there has been consultation around whether low risk entities should be paying a lower rate. The credit union movement has made a strong and convincing argument that, given the risk nature of the credit unions and given that there are other funds in operation, it falls into...