Results 261-280 of 372 for speaker:Edward Timmins
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)
Edward Timmins: I thank the witnesses for coming in at this difficult time. I have a few questions. Is it possible to briefly go through the process of the prospectus approval with Israel in 2024? Was it straightforward? Were issues raised by the Central Bank during that process?
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)
Edward Timmins: It is okay. Mr. Cross has answered the question. He is not going to give any detail on that. I want to explore what ideas Mr. Cross might have for getting out of the situation where we are approving this prospectus. I will ask a specific question. Can the Irish State make moves to change the prospectus regulation, Article 32.1(d), to allow a get-out clause, so to speak?
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)
Edward Timmins: That were not there a year ago?
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)
Edward Timmins: I do not want to put words in the Mr. Cross's mouth, but could they lead to the possibility of the Central Bank having the mechanisms to refuse to endorse this prospectus or a future prospectus?
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)
Edward Timmins: Mr. Cross is giving hope in the sense that the ground rules may have changed since September 2024 to give some window of opportunity or the possibility of a different outcome.
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)
Edward Timmins: I understand that. Could the Central Bank suspend a prospectus on the basis of a inconsistency between the advertisement material and the prospectus documentation? Is that reviewed on an ongoing basis? Is it that approval is given now for 12 months and you walk away or can it be reviewed constantly?
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)
Edward Timmins: I am sorry to cut across the witness. Has the Central Bank reviewed the prospectus since it was issued last September? Has it reviewed the conditions, the advertising-----
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)
Edward Timmins: Did the Central Bank do so recently?
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)
Edward Timmins: In fairness, the witness has answered that. I am conscious of the clock and I have two or three more questions. I want to probe what options there are and where we can explore. The Central Bank advised that the International Court of Justice advisory opinion of 19 July 2024, which found that the State of Israel's continued presence in the occupied Palestinian territory is unlawful, is not...
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)
Edward Timmins: I am asking what can be changed to allow that.
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)
Edward Timmins: I am trying to explore whether the witnesses could come up with suggestions. If they cannot do so, I understand that.
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)
Edward Timmins: That is fair enough. I am trying to pick the witnesses' brains.
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)
Edward Timmins: I understand. I am conscious of the clock. Are the witnesses aware whether any other EU countries have been asked by Israel to approve a bond prospectus in the past two years? if so, what was the response?
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)
Edward Timmins: Can responsibility for the approval process be transferred to another member state of the EU?
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)
Edward Timmins: Can the Central Bank do that?
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)
Edward Timmins: Can the Central Bank transfer it? If Israel makes the request, can the Central Bank ask Germany to do it?
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)
Edward Timmins: Can the Central Bank take the lead? If Israel asks the Central Bank to do the prospectus, can it refuse but name an EU country that will do so, with agreement from that EU country? Can the Central Bank do that?
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)
Edward Timmins: It appears to me that the Central Bank has the option of looking to do a transfer.
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)
Edward Timmins: On the request of Israel?
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)
Edward Timmins: The Central Bank does not have the authority itself?