Results 27,301-27,320 of 35,894 for speaker:Pearse Doherty

Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: First Stage (25 Sep 2014)

Pearse Doherty: I move:That leave be granted to introduce a Bill entitled an Act to provide for the strengthening of the functions of the Financial Services Ombudsman, the consumer complaint procedure and related matters.We are living in strange times where many people are facing eviction from their homes by banks that only survived because those same people bailed them out. Many lost their jobs as a result...

Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: First Stage (25 Sep 2014)

Pearse Doherty: I move: "That the Bill be taken in Private Members' time."

Written Answers — Department of Finance: Insurance Industry (25 Sep 2014)

Pearse Doherty: 60. To ask the Minister for Finance the implications for consumers and the Exchequer of the decision by the Motor Insurance Bureau of Ireland not to meet the claims of third party claimants at Setanta Insurance; and if he will make a statement on the matter. [36166/14]

Written Answers — Department of Agriculture, Food and the Marine: Fisheries Protection (25 Sep 2014)

Pearse Doherty: 101. To ask the Minister for Agriculture, Food and the Marine if his attention has been drawn to the difficulties currently being experienced by fishermen in Killybegs, County Donegal and other places caused by the Sea Fisheries Protection Authority's new guidelines on the weighing of fish at piers and the draining of water from fish; and if he will make a statement on the matter. [36202/14]

Written Answers — Department of Agriculture, Food and the Marine: Fisheries Protection (25 Sep 2014)

Pearse Doherty: 102. To ask the Minister for Agriculture, Food and the Marine if he will review the current Sea Fisheries Protection Authority's proposals on the regulation of the pelagic fishing and processing industry here with a view to addressing the concerns of the Irish Fish Processors and Exporters Association and the Federation of Irish Fishermen as communicated to him on the 16 September 2014. [36203/14]

Written Answers — Department of Agriculture, Food and the Marine: Fisheries Protection (25 Sep 2014)

Pearse Doherty: 103. To ask the Minister for Agriculture, Food and the Marine the scope allowed to him under Article 61(1) of Council Regulation 1224/2009 for the weighing of fish at factory premises; and if he will make a statement on the matter. [36204/14]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)

Pearse Doherty: The CEO of AIB, Mr. David Duffy, is able to comment publicly on the fact that direct recapitalisation may be able to be availed of without going through the waterfall system. He is a banker and head of AIB and speaking to the media. The delegates are officials in the Department and I am sure they are some of the most knowledgeable on how we would apply for direct recapitalisation. The...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)

Pearse Doherty: The Department of Finance is asking us to sign a blank cheque for it by ratifying it without the Department getting the deal over the line. It has had two years to secure the detail, but there has been no fleshing out whatsoever of the detail of retroactive recapitalisation. I hope and pray the Minister and the Department have a clear understanding behind closed doors of how this will...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)

Pearse Doherty: The rules to which we are being asked to agree in this legislation will compel the State in future cases to bail out bust banks, or banks with a capital shortfall, if it is able do so. If we have resources, that is what we will be asked to do under the legislation. We will be asked to make a contribution towards a bust bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)

Pearse Doherty: I would like to deal specifically with the waterfall or cascade provision. Will the officials explain how these rules will not oblige us to bail out a bank that goes bust?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)

Pearse Doherty: We are dealing with the ESM. Reference has been made to a figure of €60 billion. I would like the officials to clarify this. The national state will be asked to bail out the bust bank before the ESM will be asked to bail it out.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)

Pearse Doherty: No.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)

Pearse Doherty: I thank Mr. Mac Donncha for his answer. My point is that the State has to bail out the bank first, as long as it has the resources to do so, if the ESM is to be accessed. It is a far cry from separating sovereign debt and banking debt. If we are to access this €60 billion, if we have the wherewithal to do so, we will have to use our own resources - our hard-earned taxes, etc. - to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)

Pearse Doherty: I would like to ask about the waterfall. The uninsured depositors - those with more than €100,000 in their bank accounts - will also take a hit at an earlier stage, before the ESM moves in.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)

Pearse Doherty: I would like to comment on a big concern at this stage. My understanding is that if we do not pass this legislation, it cannot take effect in Europe. They need this member state to agree to it. We would be agreeing to something without substantive progress having been made on the issue of retroactive recapitalisation. The wording in the guideline is very similar to the wording in the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)

Pearse Doherty: I would like to read something to the officials. I am sure they are involved in drawing up answers to parliamentary questions on behalf of the Minister. I tabled a question to ask the Minister for Finance to explain how an application under the direct recapitalisation instrument of the ESM would calculate the amount that would have to be required at a time of recapitalisation by the State...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)

Pearse Doherty: In respect of head 1, for what exactly will the legislation allow? The general scheme states it will allow for the inclusion of an instrument for direct recapitalisation. Are we being asked in the legislation to incorporate a specific amendment to enable the board of governors to come up with an amendment or will the instrument be written into the legislation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)

Pearse Doherty: What legal status will the guidelines of the instrument have?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)

Pearse Doherty: On how this will work, we had an example earlier in which one of Ireland's institutions had a capital shortfall. Do the delegates agree that this is a far cry from separating sovereign and banking debt? This instrument will not separate them. Do they agree?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Double Taxation Agreements: Minister of State at the Department of Finance (24 Sep 2014)

Pearse Doherty: While I accept it is in compliance with international tax law, I would suggest it is not in keeping with the spirit of what has been agreed at the OECD in terms of moving towards greater spontaneous information exchange. I suggest that when Ireland signs up to it, there will be a requirement to change this article if we are still dealing at that time with double taxation agreements.