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Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Jennifer Carroll MacNeill: Forgive me; I will have to ask my officials to check that for the Senator.

Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Jennifer Carroll MacNeill: I thank the Senator Gavan for moving the amendment on behalf of Senators Black and Higgins. I understand the Senator's concern, which I share, that the Bill should have a positive effect and that this should be spread as widely as possible throughout the country. The point of the Bill is to further enhance the regulatory and cultural changes that were made in the financial services industry...

Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Jennifer Carroll MacNeill: I cannot accept an amendment that deals with something that has not happened yet. The basic principle of legislation is certainty and transparency and this is not yet in law. The directive is not in force. The Council position was only agreed in December 2022 and has yet to go to the European Parliament. Once agreed, the directive will become law. If it refers to financial services...

Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Jennifer Carroll MacNeill: Some context and background is appropriate to where these amendments are being placed. Section 6 is an important part of the Bill that provides for duties and standards to support the introduction of the accountability element of the Bill but, most importantly, it provides for the balances that are required to ensure the robustness of the provisions from a constitutional perspective as we...

Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Jennifer Carroll MacNeill: I will deal with each amendment in turn. Amendment No. 11 seeks to insert "rights and" after "the". The insertion of the text proposed in the amendment is already encompassed in the current wording. From a drafting perspective, it does not add anything to that which is already in the existing wording, and I do not accept the amendment. Amendment No. 12, which seeks to insert "or who are...

Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Jennifer Carroll MacNeill: The point of the legislation is to extend a more significant regime to those who already have fitness and probity responsibilities and, as I have said, to the conduct standards to a much larger group of people, more junior in financial institutions, who will now come under a different regulatory regime. That is very important. Section 32L of the Central Bank Act 1942 provides that the...

Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Jennifer Carroll MacNeill: As we have discussed, the purpose of the Bill is to provide a better regulatory structure in light of the difficulties we have faced. It adds to the suite of legislation and regulatory changes that have been made precisely for the reason the Senator outlined, which is to benefit society more broadly. We have seen the impact of the breakdown of regulation. As the Senator is aware, we have...

Seanad: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (16 Feb 2023)

Jennifer Carroll MacNeill: As I signalled on Second Stage, these are transitional provisions. They determine the extent to which an inquiry that is already under way at the time the relevant provisions of the Bill are commenced shall be affected by the provisions. It is important that the changes necessitated by the Zalewski judgment in regard to the appeal and court confirmation of inquiry decisions take effect at...

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation (15 Feb 2023)

Jennifer Carroll MacNeill: I thank the Deputy for the question. This measure was introduced in the Finance Act 2019, with a lead-in period to 1 January this year. The purpose of this lead-in period was to allow fleet planning by corporate organisations that were planning leases, which are typically over three years, to enable a transition to electric vehicles and others. This is a carbon-based measure that brings...

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation (15 Feb 2023)

Jennifer Carroll MacNeill: I thank the Deputy for the question. I am happy to look at the circumstances of an individual case and have the Department examine it to provide guidance. As I said, the purpose of this benefit-in-kind legislation is to bring it in line with other taxes from an emissions perspective. I will go through the bands the Deputy separately. I appreciate that in 2019 we could not have anticipated...

Saincheisteanna Tráthúla - Topical Issue Debate: Technological Universities (9 Feb 2023)

Jennifer Carroll MacNeill: I thank the Deputy for raising the matter of giving consideration to keeping the Aungier Street campus in public ownership and the lack of public facilities in the area. On the question of the Aungier Street campus, the property is currently fully in the ownership of Technological University, TU, Dublin. Under the terms of the Grangegorman Development Agency Act 2005, both TU Dublin and the...

Saincheisteanna Tráthúla - Topical Issue Debate: Technological Universities (9 Feb 2023)

Jennifer Carroll MacNeill: I agree with the Deputy in every respect. I would highlight the great work done by the north-east inner-city working group which attempted to do much of what the Deputy advocates on the north side of the city. I agree that historically, the Liberties area has not had the same focus and is particularly deprived of playing facilities. I have done a lot of work with Mr. Eddie D'Arcy of the...

Saincheisteanna Tráthúla - Topical Issue Debate: Road Network (9 Feb 2023)

Jennifer Carroll MacNeill: I thank Deputy Durkan for bringing this matter and the condition of the road to the House's attention. The improvement and maintenance of regional and local roads is the statutory responsibility of each local authority in accordance with the Roads Act 1993, as amended. Works on those roads are funded from councils' own resources supplemented by State road grants, where applicable. I am...

Saincheisteanna Tráthúla - Topical Issue Debate: Road Network (9 Feb 2023)

Jennifer Carroll MacNeill: As the Department of Transport has asked me to set out, Kildare County Council is the statutory authority responsible for the Ballagh-to-Timahoe road, as the Deputy will be aware. However, the Department also says that it will advise the council of the Deputy's concerns about the condition of this road, though I suspect that the Deputy has managed to bring those concerns to Kildare County...

Saincheisteanna Tráthúla - Topical Issue Debate: Technological Universities (9 Feb 2023)

Jennifer Carroll MacNeill: I thank the Deputy.

Saincheisteanna Tráthúla - Topical Issue Debate: Road Projects (9 Feb 2023)

Jennifer Carroll MacNeill: I thank the Deputy. This is an issue he has raised many times. I am glad to speak to him about it. When we consider that part of the country, there is a capacity for development, as the Deputy said, and not only because of the IDA site. There is a strategic opportunity for that part of the country having regard to offshore wind, for example, and the transport of turbines from Rosslare...

Saincheisteanna Tráthúla - Topical Issue Debate: Road Projects (9 Feb 2023)

Jennifer Carroll MacNeill: I thank the Deputy for outlining the strategic benefits of this project. I work with the IDA in my role as the Minister of State with responsibility for financial services. I have a very strong interest in making sure sites are available and ready throughout the island. The Ireland for finance strategy has a very strong regional focus and it is very important to me that suitable sites are...

Saincheisteanna Tráthúla - Topical Issue Debate: National Children's Hospital (9 Feb 2023)

Jennifer Carroll MacNeill: I thank Deputy Ó Snodaigh for raising this Topical Issue matter and I apologise for being here on behalf of the Department of Health. By raising this matter, the Deputy gave me the opportunity and impetus to spend more time reading about Dr. Kathleen Lynn. I am glad I had that opportunity to learn more about this extraordinary woman who was a suffragette, a woman of Mayo, after my own...

Saincheisteanna Tráthúla - Topical Issue Debate: National Children's Hospital (9 Feb 2023)

Jennifer Carroll MacNeill: I would certainly love to see the hospital named after a strong, professional, capable woman. That would be wonderful. We have so many things named after men in every walk of life. I do not pretend to be qualified enough or to know enough to be able to assess Dr. Lynn's position in this relative to the other medics who might be in contention. When the hospital is opened I would love to...

Seanad: Nithe i dtosach suíonna - Commencement Matters: National Educational Psychological Service (9 Feb 2023)

Jennifer Carroll MacNeill: I thank the Senator for raising this important matter. I am here on behalf of the Department of Education today, but it is an area in which I have a very deep personal interest. I thank the Senator for setting it out so clearly. The Department of Education wanted me to highlight that the role of NEPS has evolved and changed over the years, and the service provides a broad range of supports...

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