Results 2,701-2,720 of 6,627 for speaker:Rose Conway-Walsh

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (24 May 2023)

Rose Conway-Walsh: Obviously we have to be able to upscale our renewable wind and wave energy and all of that as well. Is the National Reserve Fund capable of providing the counter-cyclical instrument in the event of an economic downturn in the way that it is currently designed?

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (24 May 2023)

Rose Conway-Walsh: Does it have any tangible benefits in terms of how our debt and spending is viewed on the international markets or in the EU in terms of the fiscal rules?

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (24 May 2023)

Rose Conway-Walsh: Okay. I think my time is up.

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (24 May 2023)

Rose Conway-Walsh: I have a short question for clarification. All of the fund is stored entirely in Irish sovereign debt. When the National Reserve Fund buys Irish Exchequer notes, the fund is buying Irish debt. Is that right? I just want to understand the process. We have €6 billion from tax revenue and rather than spend that money, we decided to save it to buy the Irish debt. When we then put the...

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (24 May 2023)

Rose Conway-Walsh: Has our gross national debt increased, then, by €6 billion? It has not, obviously, because it essentially replaces other debt.

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (24 May 2023)

Rose Conway-Walsh: In order to withdraw the money from the National Reserve Fund, is there a corresponding repayment of debt?

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (24 May 2023)

Rose Conway-Walsh: To give an example, what would be the benefit of funding €1 billion in emergency flood relief from the National Reserve Fund compared with simply funding it directly?

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (24 May 2023)

Rose Conway-Walsh: I thank the witnesses for allowing me to clear that up.

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (24 May 2023)

Rose Conway-Walsh: I thank Professor Kinsella for his presentation. I found it most interesting and I would agree with most of it, looking at the timeline of the Norwegian model and what they learned along the way. There is no need for us to reinvent the wheel in some instances because Norway has had a couple of decades since 1998. Unfortunately, we gave away our oil and gas, otherwise we could have had the...

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (24 May 2023)

Rose Conway-Walsh: I am trying to get at why as well. In the interests of transparency, the way Professor Kinsella describes is much better for people to be able to see where their money is going at the end of the day. Could a sovereign wealth fund be used to invest in land or physical infrastructure? I am thinking of the amount of public land that has been given to private developers by successive...

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (24 May 2023)

Rose Conway-Walsh: Any of it.

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (24 May 2023)

Rose Conway-Walsh: I do not know how well that has worked. We better go and vote.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Banking and Payments Federation Ireland (24 May 2023)

Rose Conway-Walsh: Has BPFI done any investigations into the role of artificial intelligence, AI, in this regard?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Banking and Payments Federation Ireland (24 May 2023)

Rose Conway-Walsh: It could also escalate. In the absence of having a national strategy, a co-ordinated approach and all of those things, AI could work the other way. My concern is that, as other jurisdictions are ahead of the curve in combating all this, then the fraudsters will obviously move to more vulnerable jurisdictions. That leaves us more vulnerable all of the time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Banking and Payments Federation Ireland (24 May 2023)

Rose Conway-Walsh: Therefore it continues to get worse. I have been dealing with a case of an authorised push payment where a confirmation text from Apple Pay came in at the same time they were attempting to make an online purchase. It was essentially attaching their bank account to the fraudster's Apple Pay account. Assuming that the text was to confirm the purchase the person had approved, this allowed the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Banking and Payments Federation Ireland (24 May 2023)

Rose Conway-Walsh: What are the statutory rights of the customers in the case of app fraud?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Banking and Payments Federation Ireland (24 May 2023)

Rose Conway-Walsh: I refer to when people use the authorisation app.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Banking and Payments Federation Ireland (24 May 2023)

Rose Conway-Walsh: That is a bit of a problem because there is ambiguity as to where the fault lies. It is important that we recognise it is not always clear when an authorised or an unauthorised payment is made. I have dealt with another case where the individual was confident of having not approved the payments, but the bank told the individual it would have to investigate, to determine where the fault lay....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Banking and Payments Federation Ireland (24 May 2023)

Rose Conway-Walsh: What co-ordination does the BPFI have with the app stores in trying to prevent it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Banking and Payments Federation Ireland (24 May 2023)

Rose Conway-Walsh: Is it safe for people to use their banking apps?