Results 26,461-26,480 of 35,959 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Annual Growth Survey 2015, Alert Mechanism Report 2015 and An Investment Plan for Europe: Discussion (21 Jan 2015)

Pearse Doherty: Given the restrictions on it, if this money ever comes on line, and we know it has to be leveraged 15 times, will Ireland be in a position to use this money and not have it calculated by EUROSTAT as expenditure?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Annual Growth Survey 2015, Alert Mechanism Report 2015 and An Investment Plan for Europe: Discussion (21 Jan 2015)

Pearse Doherty: I ask Mr. McCarthy for his best guess. In his contribution Mr. McCarthy raised the alarm that there are rules, that it is not simply a case that this money is coming on board and we can-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Annual Growth Survey 2015, Alert Mechanism Report 2015 and An Investment Plan for Europe: Discussion (21 Jan 2015)

Pearse Doherty: Mr. McCarthy might give us his best guess at this point in time, bearing in mind that things can change. It is his job to look to see where we will be in the future, and the Department has got very good at doing that. I ask for Mr. McCarthy's best guess. Are we narrowly inside or outside in that regard? Do we have further to go or does he believe we will be okay?

Leaders' Questions (21 Jan 2015)

Pearse Doherty: There should not be pre-conditions.

Written Answers — Department of Finance: Customs and Excise Controls (21 Jan 2015)

Pearse Doherty: 101. To ask the Minister for Finance the value of goods destroyed by the Revenue Commissioners, Customs and Excise in the each of the past five years. [2874/15]

Written Answers — Department of Finance: Customs and Excise Controls (21 Jan 2015)

Pearse Doherty: 102. To ask the Minister for Finance the value of goods sold by the Revenue Commissioners, Customs and Excise in each of the past five years. [2875/15]

Written Answers — Department of Finance: Proposed Legislation (21 Jan 2015)

Pearse Doherty: 103. To ask the Minister for Finance the purpose of the proposed insurance Bill; and if it will prevent another situation such as that relating to the collapse of Setanta Insurance from affecting customers here. [2876/15]

Written Answers — Department of Agriculture, Food and the Marine: Fishing Industry Development (21 Jan 2015)

Pearse Doherty: 120. To ask the Minister for Agriculture, Food and the Marine if he will provide information on the Killybegs jobs initiative which was established in 2011; the names of the members of the initiative’s high level group; the expenses claimed by the members of this task force; the minutes of the meetings of this task force; and if he will make a statement on the matter. [2895/15]

Written Answers — Department of Justice and Equality: Seized Property (21 Jan 2015)

Pearse Doherty: 141. To ask the Minister for Justice and Equality the value of non-illegal goods destroyed by An Garda Síochána for each of the past five years. [2937/15]

Written Answers — Department of Environment, Community and Local Government: Homeless Accommodation Funding (21 Jan 2015)

Pearse Doherty: 209. To ask the Minister for Environment, Community and Local Government if he has received correspondence from the north-west homeless region in which it was advised that section 10 funding be retained for a rehabilitation centre (details supplied) in County Donegal; if he has responded to this correspondence; the action he will take following this recommendation from the north west homeless...

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Pearse Doherty: Go raibh maith agat agus cuirim fáilte roimh an tUasal Regling chuig an coiste. I wanted to start by looking at the area of commercial property. Reading Mr. Regling's report, one of the things that strikes me is that he emphasises time and time again the role that commercial lending, commercial property played and the concentration. There has been a narrative there and indeed I think...

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Pearse Doherty: If we look at NAMA, which again appeared afterwards, we see from reports by NAMA that housing made up less than a fifth of NAMA’s assets. One of my questions relates to the concentration of commercial property, which was the majority of assets that went into NAMA. Only 54% of it was within the Irish State. Could Mr. Regling expand on the role in the crisis played by the credit and...

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Pearse Doherty: Mr. Regling mentioned-----

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Pearse Doherty: Mr. Regling mentioned in terms of alarm bells that banks should have known the concentration of commercial property lending. Mr. Regling’s late colleague, Max Watson, also mentioned when he was before the finance committee in 2010 that supervisors should have known. When one has a bank, for example, Anglo Irish Bank, that has 50% of its Irish loan book lent to 20 individuals, what...

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Pearse Doherty: Why would they fail to do that? I assume – please correct me if I am wrong – that 50% of the lending of a major institution to 20 individuals is something unheard of in banking. Is that correct?

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Pearse Doherty: I wish to look forward. Mr. Regling mentioned that the crisis had the potential to destabilise the euro. I take it that the response to our crisis, in particular in 2008, could also have had the effect of saving the euro. Could Mr. Regling elaborate on that? The language used in the policy lessons to which Mr. Regling referred on page 43 is interesting. He talked about the need for...

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Pearse Doherty: Does Mr. Regling not see getting the money back as part of the closure?

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Pearse Doherty: I want to begin by referring briefly to the point Professor Lane made in response to the Chair regarding mortgage securitisation. He mentioned it was not a major part of what went on. I want him to elaborate on that, with particular attention to the Central Bank's bulletin in July 2011, when it indicated that at the end of 2007, 12% of mortgages were securitised and were off balance sheet,...

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Pearse Doherty: The report referred to up to 12% at the end of 2007, at which time just under €17 billion worth of loans had moved off the balance sheets of the larger credit institutions. The key is that they moved off the balance sheets. It is not a case of mortgage securitisation because some of them remained on the balance sheet.

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Pearse Doherty: These were off the balance sheets. That is fine. I am mindful that I am limited in terms of time. In the opening statement Professor Lane presented to the inquiry he stated: "it is possible that the lack of precedents and the untested nature of the ELA framework ... may have deterred the Central Bank ... from deploying ELA to buy some time in managing the severe liquidity squeeze on Anglo...