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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

Pearse Doherty: -----but this is a key issue. The FSPO made this decision late last year. I am surprised there was not earlier discussion between the two entities on it. It would be right for the Central Bank to say that it got this wrong, unless it is just calling out the FSPO and questioning its decision-making. The FSPO said very clearly this is a key decision that is excluded from the law, and the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

Pearse Doherty: I will raise another issue that is a second part of this major problem. I will be very brief, with the Chair's indulgence. The second part is, as we discussed, that in 2019 the loan owners, or vultures, became regulated. The definition under the 2018 Act took effect in 2019. The change was introduced by an amendment to the definition of "credit servicing" in the 2018 Act. The new...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

Pearse Doherty: Let us park the ombudsman for one minute. This is about the Central Bank looking at regulating firms. The 2018 Act, which took effect in 2019, includes the loan owners, which the Central Bank now regulates, if they hold legal title and manage and administer the overall strategy. What we are now hearing is that the vulture funds, to ensure they are not regulated by the Central Bank, are...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

Pearse Doherty: Therefore, the loan owner is still not regulated by the Central Bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

Pearse Doherty: We have 2019 legislation that is supposed to regulate the owners of the loans. Those owners are transferring their legal title because they will no longer be captured by that legislation. The Central Bank seem to be aware of it. I only became aware of it recently. What is the Central Bank doing about it? It is regulating these entities, which are finding a way around this. Since they...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

Pearse Doherty: That is not the ombudsman. Sorry-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

Pearse Doherty: What does Ms Rowland mean the "legislation is being complied with"? Beneficial ownership does not mean they are regulated. That is not the case. If the vulture funds - let us call them vulture funds - have beneficial ownership it does not mean they are regulated as a result of beneficial ownership-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

Pearse Doherty: That is the legislative scheme but what captures them under the regulation of the Central Bank is the holding of legal title. This is what was passed and what we expected was going to capture them. We have now found out, which Ms Rowland has confirmed, that they are transferring legal title to the credit servicing firm so they are no longer regulated by the Central Bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

Pearse Doherty: However, the problem is they are still making the key decisions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

Pearse Doherty: We know the law is being followed but there is a major loophole in the law. They have just found a way around this and the Central Bank is aware of it. The loan owners are no longer regulated by the Central Bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (14 Feb 2024)

Pearse Doherty: That is, therefore, the case.

Reform of the Television Licence Fee Model: Motion [Private Members] (13 Feb 2024)

Pearse Doherty: Nobody called a vote.

Reform of the Television Licence Fee Model: Motion [Private Members] (13 Feb 2024)

Pearse Doherty: I listened with interest to the Minister's response. In fairness to her, she actually agrees with Sinn Féin, because she stated clearly in media interviews and she articulated it again today that the recommendation from the expert group that was established by the Government, which looked at all of the options for how we fund public service media and public service content, and having...

Written Answers — Department of Education and Skills: School Accommodation (13 Feb 2024)

Pearse Doherty: 97. To ask the Minister for Education and Skills if she is aware of the urgency in finding a resolution to the issue of children and parents crossing the road to attend a school (details supplied) in Donegal, given that another near fatal incident occurred recently; if she plans to deal with the situation; and if she will make a statement on the matter. [6039/24]

Written Answers — Department of Education and Skills: School Accommodation (13 Feb 2024)

Pearse Doherty: 126. To ask the Minister for Education and Skills the reason for the delay with the promised SEN provision for a school in Donegal (details supplied), which includes an extension to the school; and if she will make a statement on the matter. [6390/24]

Written Answers — Department of Education and Skills: School Accommodation (13 Feb 2024)

Pearse Doherty: 267. To ask the Minister for Education and Skills further to Parliamentary Question No. 246 of 21 November 2023, if she will provide an update and a timeframe for an extension to a school (details supplied) consisting of an additional modular classroom, which was approved in March 2023; and if she will make a statement on the matter. [6087/24]

Written Answers — Department of Education and Skills: Special Educational Needs (13 Feb 2024)

Pearse Doherty: 274. To ask the Minister for Education and Skills the reason for the delay with the promised SEN provision for a school (details supplied), which includes an extension to the school; and if she will make a statement on the matter. [6140/24]

Written Answers — Department of Employment Affairs and Social Protection: Tax Credits (13 Feb 2024)

Pearse Doherty: 454. To ask the Minister for Employment Affairs and Social Protection for an update on commitments made to introduce a mortgage interest supplement for those with insufficient income tax liability to avail of the mortgage interest tax credit introduced in the Finance Act 2023; and if she will make a statement on the matter. [6554/24]

Written Answers — Department of Health: Hospital Services (13 Feb 2024)

Pearse Doherty: 583. To ask the Minister for Health if a bed can be provided for a person in St Joseph’s Community Hospital, Stranorlar, County Donegal (details supplied); and if he will make a statement on the matter. [6294/24]

Written Answers — Department of Education and Skills: Further and Higher Education (13 Feb 2024)

Pearse Doherty: 615. To ask the Minister for Education and Skills further to Parliamentary Question Nos. 1814 and 1813 of 17 January 2024, when full responses will issue; and if he will make a statement on the matter. [6327/24]

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