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Consumer Protection (Regulation of Credit Servicing Firms) Bill 2015: Report and Final Stages (17 Jun 2015)

Seán Fleming: I move amendment No. 6:In page 6, between lines 10 and 11, to insert the following:“(2) Section 33A of the Central Bank Act 1997 is amended by inserting the following subsection after subsection (5):“(6) The Bank shall also impose, on a debt management firm and or a credit servicing firm, a condition that a customer shall, within 30 days of his or her credit agreement being sold...

Consumer Protection (Regulation of Credit Servicing Firms) Bill 2015: Report and Final Stages (17 Jun 2015)

Seán Fleming: I understand the Minister's point about the impact of what is proposed in a situation where a credit agreement is not in financial difficulty but is restructured for business development purposes. However, the point I made was related specifically to the original loan agreement. I am aware that it is not possible to vary a loan agreement without agreement. Often, despite the fact that...

Consumer Protection (Regulation of Credit Servicing Firms) Bill 2015: Report and Final Stages (17 Jun 2015)

Seán Fleming: I move amendment No. 2:In page 4, line 18, after “restructuring” to insert “where the credit agreement is in financial difficulty”.We had a discussion on this and several other amendments tabled by Fianna Fáil on Committee Stage. There is merit in the Bill in so far as it goes and nobody disagrees with the contents of the Bill. The main thrust of our...

Written Answers — Department of Agriculture, Food and the Marine: Farm Inspections (17 Jun 2015)

Seán Fleming: 122. To ask the Minister for Agriculture, Food and the Marine further to Parliamentary Question No. 88 of 25 March 2015, if the information in respect of 2014 will be supplied; and if he will make a statement on the matter. [24026/15]

Written Answers — Department of Health: Psychological Services (17 Jun 2015)

Seán Fleming: 159. To ask the Minister for Health if he will provide a list of all residential psychiatric units; the weekly cost of accommodating a person in these units; and if he will make a statement on the matter. [24012/15]

Written Answers — Department of Education and Skills: School Staffing (17 Jun 2015)

Seán Fleming: 201. To ask the Minister for Education and Skills if Garda Síochána clearance is required for all persons teaching and working in schools; if this procedure applies to members of the boards of management of schools and to bodies that oversee the provision of schools, such as Educate Together, Gaelscoileanna and other national organisations; if Garda Síochána vetting is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee (16 Jun 2015)

Seán Fleming: I second that nomination.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: I welcome the Minister. I will ask the most obvious question about his proposed meeting. I am sure that everyone who listened to his speech was struck by the elephant in the room that he chose not to mention. Why was there no mention of the Greek situation? If the Eurogroup of finance Ministers believe that the impact of an unsatisfactory end to Greece's economic adjustment programme at...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: The agenda.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: The formal agenda. Perhaps it is a matter for consideration, given the fact that some issues that are not on the formal agenda might be discussed. For future reference, there might be a mechanism to have such a debate. I will ask two questions briefly, as our time is limited. The Minister mentioned the issue of banks that were too big to fail. I have a problem with that concept, but...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: By the taxpayer.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: The €30 billion and the €70 billion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: None of the Irish banks will be subject to the new arrangement.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: The Minister wants to introduce legislation on the single resolution mechanism in December even though it will not apply to Ireland.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: To which we contribute.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: Yet no Irish bank can benefit from it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: My final question will be short, as my time is limited.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: I will be brief. It is just one sentence. The Minister stated that the common system of VAT for the standard VAT return was not progressing. Which country will lose as a result of that system not progressing? Will we gain or lose? There must be some winners or losers in terms of foreign direct investment, FDI, companies that have branches and group companies in the EU. Some countries...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (16 Jun 2015)

Seán Fleming: The resolution.

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