Results 2,301-2,320 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Departmental Agencies: Departmental Agencies (22 Jun 2010)

Brian Lenihan Jnr: In relation to those semi-state or similar bodies within the remit of my Department, I have been advised that the following is the position: Institute of Public Administration Since the 1 January 2010 the Institute of Public Administration (IPA) falls under the auspices of the Department of Finance. The Institute of Public Administration suspended its performance related award scheme...

Written Answers — Ministerial Staff: Ministerial Staff (22 Jun 2010)

Brian Lenihan Jnr: Since June 2007 my Department has had the following Special Advisers (as defined under Section 11 of the Public Service Management Act, 2007: Mr. Gerry Steadman (from 30 September 2004 to 7 May 2008). Mr Steadman acted as Special Advisor to my predecessor, Mr Brian Cowen TD. Mr. Colin Hunt (from 11 September 2006 to 14 June 2007). Mr. Hunt concurrently performed the special adviser role to...

Written Answers — Tax Collection: Tax Collection (22 Jun 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the taxpayer received a smaller tax refund for the year 2009 because health expenses relief is granted at the standard rate for expenses incurred from 1st January, 2009.

Written Answers — Credit Union Regulation: Credit Union Regulation (22 Jun 2010)

Brian Lenihan Jnr: Section 35 of the Credit Union Act 1997 imposes limits on credit unions in relation to longer-term lending. The restrictions contained in Section 35 are an important asset and liability instrument which has protected the financial stability of the credit union movement over many years. The funding of credit unions is predominantly provided on a short-term basis in the form of on-demand...

Written Answers — Tax Collection: Tax Collection (22 Jun 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the person concerned is not registered on their records and there is no record of the person's request. I would suggest that the individual should supply full details of the request to Ms. Geraldine Boyle, Kildare Revenue District, Athy Business Campus, Castlecomer Road, Athy, Co Kildare, and the matter will be dealt with.

Written Answers — Tax Collection: Tax Collection (22 Jun 2010)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that Ms. Geraldine Morrissey, Kildare Revenue District, last wrote to the person concerned on 24 March 2010. A full response to that letter has not been supplied and is awaited.

Written Answers — Departmental Correspondence: Departmental Correspondence (22 Jun 2010)

Brian Lenihan Jnr: In addition to ensuring that, at a minimum, all representations are replied to, my Department is committed, under its Quality Customer Service Action Plan to replying to 75% of correspondence within 20 working days. New procedures for answering Ministerial representations were introduced in June 2001 when the average rate of reply was 60%. Since then the average rate of reply during the...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (17 Jun 2010)

Brian Lenihan Jnr: The Covered Institutions Remuneration Oversight Committee (CIROC), which was set up under the terms of the Credit Institutions (Financial Support) Scheme, reported to me on 27 February 2009. Its remit was to oversee all remuneration plans of senior executives of the covered institutions. For this purpose, remuneration included total salary, bonuses, pension payments and any other benefits...

Written Answers — Legislative Programme: Legislative Programme (17 Jun 2010)

Brian Lenihan Jnr: In my dealing with the banks I have clearly maintained the principle that the banks will contribute to the cost of State's support – the banks have been charged for the Government's guarantee of their liabilities and the NAMA Act provides for a levy on the banks should NAMA result in a loss for the taxpayer. In the context of the enhancement of supervision and the restructuring of the...

Written Answers — Economic Policy: Economic Policy (17 Jun 2010)

Brian Lenihan Jnr: Given the scale of our economic and financial difficulties, debate on the economy and the financial system has naturally dominated proceedings in the Dáil over the past two years. This week alone, the debate on the confidence motion was essentially a debate on the Government's economic policy. The arrangement of a debate such as the Deputy suggests in his question is a matter for the party...

Written Answers — National Assets Management Agency: National Assets Management Agency (17 Jun 2010)

Brian Lenihan Jnr: The Board of NAMA has committed to the production of an updated business plan which it will submit to me by 30 June 2010 and which is expected to be published shortly thereafter. The business plan is a matter for the Board. However, the CEO of NAMA has advised me that the Board when reviewing the business plan will take account of the actual data now available to it arising from the transfer...

Written Answers — Public Service Agreement: Public Service Agreement (17 Jun 2010)

Brian Lenihan Jnr: The Financial Emergency Measures in the Public Interest Acts, 2009 under which the pension related deduction and pay reductions were applied to public servants make provision for a review of the operation, effectiveness and impact of both Acts before 30 June 2011. In addition to the criteria set out in the Acts, the Public Service Agreement, which has now been ratified by the Public Service...

Written Answers — National Assets Management Agency: National Assets Management Agency (17 Jun 2010)

Brian Lenihan Jnr: The Board of NAMA has committed to the production of an updated business plan which it will submit to me by 30 June 2010 and which is expected to be published shortly thereafter. The business plan is a matter for the Board. However, the CEO of NAMA has advised me that the Board when reviewing the business plan will take account of the actual data now available to it arising from the transfer...

Written Answers — National Assets Management Agency: National Assets Management Agency (17 Jun 2010)

Brian Lenihan Jnr: The transfer of the first tranche of loans, totalling €15.3 billion in loan balances, from the five participating institutions concluded on 31 May 2010. NAMA issued bonds to a value of €7.7 billion to the institutions, of which 5% are subordinated securities. The senior bonds mature in March 2011 and are extendible at the option of NAMA. They are Government-guaranteed Floating Rate Notes...

Written Answers — Financial Services Regulation: Financial Services Regulation (17 Jun 2010)

Brian Lenihan Jnr: As I stated in answer to Question No. 76 of 28 April 2010, policy matters relating to the regulation of auditing and accounting bodies are the responsibility of my colleague, the Minister for Enterprise, Trade and Innovation. The Deputy may wish to note that both of the preliminary reports into Ireland's banking crisis published last week - The Irish banking crisis: regulatory and financial...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (17 Jun 2010)

Brian Lenihan Jnr: The only recapitalised banks which are significant lenders to the SME sector are AIB and Bank of Ireland. In relation to the credit package agreed in the recapitalisation of February 2009, both my officials and the Financial Regulator receive quarterly progress reports in relation to the lending commitments made. The performance of the banks in this regard was published in the NAMA...

Written Answers — Stability and Growth Pact: Stability and Growth Pact (17 Jun 2010)

Brian Lenihan Jnr: The Irish public finances, in particular tax receipts, have been very severely impacted by the sharp deterioration in our economy. Tax revenue in 2010 is expected to be in the region of €31 billion, a decline of nearly 35 per cent on the level of taxes received in 2007. The Government recognised early on that the gap that had emerged between revenues and expenditure was not sustainable. A...

Written Answers — National Assets Management Agency: National Assets Management Agency (17 Jun 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 19 and 58 together. The transfer of the first tranche of loans, totalling €15.3 billion in loan balances, from the five participating institutions concluded on 31 May 2010. NAMA issued bonds to a value of €7.7 billion to the institutions, of which 95% was senior debt and 5% was in the form of subordinated securities. The Chairman of NAMA recently stated...

Written Answers — Credit Statistics: Credit Statistics (17 Jun 2010)

Brian Lenihan Jnr: Private sector credit growth and debt levels are monitored by the Central Bank and Financial Services Authority of Ireland and details are published by the Bank in their monthly and quarterly bulletins. The most recent monthly statistics were published on 31 May 2010 with figures to the end of April 2010. These showed the headline level of private sector credit outstanding to be €352.8...

Written Answers — National Asset Management Agency: National Asset Management Agency (17 Jun 2010)

Brian Lenihan Jnr: In accordance with section 35 of the National Asset Management Agency Act 2009, NAMA, within three months of its establishment, submitted for my approval codes of practice on the conduct of officers of NAMA, servicing standards for acquired bank assets, risk management, disposal of bank assets and the manner in which NAMA is to take account of the commercial interests of credit institutions...