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Seanad: Order of Business (25 Apr 2013)

Darragh O'Brien: No, that is not true.

Seanad: Order of Business (25 Apr 2013)

Darragh O'Brien: Those savings will come from ordinary bank workers.

Seanad: Order of Business (25 Apr 2013)

Darragh O'Brien: Does the Government not have a view on the remuneration package for the chief executive?

Seanad: Order of Business (25 Apr 2013)

Darragh O'Brien: What will be done about the rate increase?

Seanad: Order of Business (25 Apr 2013)

Darragh O'Brien: AIB is a State-owned bank.

Seanad: Order of Business (25 Apr 2013)

Darragh O'Brien: We own the bank.

Seanad: Financial Stability and Reform Bill 2013: Second Stage [Private Members] (24 Apr 2013)

Darragh O'Brien: The Minister of State should tell the Minister for Justice and Equality, Deputy Shatter.

Seanad: Financial Stability and Reform Bill 2013: Second Stage [Private Members] (24 Apr 2013)

Darragh O'Brien: How much time did I get?

Seanad: Financial Stability and Reform Bill 2013: Second Stage [Private Members] (24 Apr 2013)

Darragh O'Brien: Fair enough. I believe this Bill would go some way in this regard. While I acknowledge the Minister of State personally will consider the Bill, I hope Members do not get the usual response. The Minister of State has set aside his script during previous visits to the Seanad. Perhaps he might be willing to accept the Bill on Second Stage to consider any Government amendments that might be...

Seanad: Financial Stability and Reform Bill 2013: Second Stage [Private Members] (24 Apr 2013)

Darragh O'Brien: I have almost concluded. Unfortunately however, unlike Senator Sheahan I do not believe there is no risk of this happening again. There is such a risk, whether it be in five, ten or 30 years' time. Legislation such as the Bill before Members, taken in tandem with other measures that are slow to emerge from Europe, certainly would help. I await the Minister of State's response to Senator...

Seanad: Financial Stability and Reform Bill 2013: Second Stage [Private Members] (24 Apr 2013)

Darragh O'Brien: That is not true. The Senator should check those figures again.

Seanad: Financial Stability and Reform Bill 2013: Second Stage [Private Members] (24 Apr 2013)

Darragh O'Brien: Tá brón orm.

Seanad: Financial Stability and Reform Bill 2013: Second Stage [Private Members] (24 Apr 2013)

Darragh O'Brien: I thank Senator Barrett for bringing forward another piece of legislation on improving the financial stability of our banking sector. It is good to see the Minister of State here again. It is particularly relevant, given the day that is in it. I have read Senator Barrett's presentation which is well thought out. It is a genuine attempt, as part of a solution, to prevent a repeat of the...

Seanad: Order of Business (24 Apr 2013)

Darragh O'Brien: Fine Gael has not doing badly in that area itself.

Seanad: Order of Business (24 Apr 2013)

Darragh O'Brien: Senator MacSharry inquired about a possible extension.

Seanad: Order of Business (24 Apr 2013)

Darragh O'Brien: It is.

Seanad: Order of Business (24 Apr 2013)

Darragh O'Brien: No. The Leader is wrong in that.

Seanad: Order of Business (24 Apr 2013)

Darragh O'Brien: By us.

Seanad: Order of Business (24 Apr 2013)

Darragh O'Brien: The Leader's facts are wrong.

Seanad: Order of Business (24 Apr 2013)

Darragh O'Brien: That is great. Following on from my contribution yesterday, I note the Government has decided to have no opinion on bank executives' pay in Bank of Ireland and the other banks. I again ask the Leader to pass on the message to the Minister that it is not too late. I believe that on behalf of the people, he should reject the remuneration packages for the executives in Bank of Ireland....

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