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Central Bank (Supervision and Enforcement) Bill 2011: Amendments from the Seanad (4 Jul 2013)

Pearse Doherty: It is good to hear that other financial institutions are seeking to set up in Ireland. I hope that they will provide opportunities for many of those who have lost their jobs. I am conscious of the announcement in recent weeks of 1,800 job losses at Ulster Bank. The Minister stated that the regulatory provisions would need to be of a corresponding nature to those that exist in the State....

Central Bank (Supervision and Enforcement) Bill 2011: Amendments from the Seanad (4 Jul 2013)

Pearse Doherty: I seek clarification. I am sure that I am wrong, but the subsection states:the relevant credit institution is subject, in the state or territory where its head office is located [we are referring to the foreign country], to regulatory or administrative provisions relating to authorisation to carry on banking business in that state [which is the foreign state] or territory and supervision...

Central Bank (Supervision and Enforcement) Bill 2011: Amendments from the Seanad (4 Jul 2013)

Pearse Doherty: That is news to me.

Central Bank (Supervision and Enforcement) Bill 2011: Amendments from the Seanad (4 Jul 2013)

Pearse Doherty: I seek clarification. As the Minister indicated, the original Act that is referenced dates back to 1879 so the definition of bankers' books is within the meaning of that Act from 140 years ago. Could he explain the position? I do not wish him to dig up the 1879 Act but what are the bankers' books within the meaning of the Act?

Order of Business (4 Jul 2013)

Pearse Doherty: Does it not send out a negative signal about the Bill, which is an important and good Bill?

Order of Business (4 Jul 2013)

Pearse Doherty: We should try to tighten up enforcement and regulation in the banks.

Order of Business (4 Jul 2013)

Pearse Doherty: Will the Tánaiste lift the phone and ask the public interest director? This did not happen five years ago. Up to five months ago the public interest directors did not inform the Central Bank-----

Order of Business (4 Jul 2013)

Pearse Doherty: -----of potential regulatory breaches of which they were in charge.

Order of Business (4 Jul 2013)

Pearse Doherty: The Government is refusing to contact the banks because it is protecting the political elite-----

Order of Business (4 Jul 2013)

Pearse Doherty: A former leader of Fine Gael, a former Minister for Finance, and a former Fianna Fáil Senator are on the board of a State-owned bank which did not inform the Central Bank of potential regulatory breaches up until five months ago.

Order of Business (4 Jul 2013)

Pearse Doherty: It is absolutely disgraceful. We do not need an inquiry to find out this information.

Order of Business (4 Jul 2013)

Pearse Doherty: Make the call. The Tánaiste will not make the call because he is protecting vested interests.

Order of Business (4 Jul 2013)

Pearse Doherty: The Government will not even phone a friend.

Order of Business (4 Jul 2013)

Pearse Doherty: The Tánaiste referenced very important legislation coming before the House today. This is the Central Bank (Supervision and Enforcement) Bill 2011. I commend the Minister for Finance on his openness to accepting amendments. Given the discussion we had, what does it really mean? We can give all the powers we want to the regulator but the Government is unwilling to ask a public...

Order of Business (4 Jul 2013)

Pearse Doherty: What is the point of this Bill if we have a Government that is unwilling to lift the phone to a former Minister for Finance? He was paid by the State to be a public interest director for the past four years.

Leaders' Questions (4 Jul 2013)

Pearse Doherty: Four or five months down the road.

Written Answers — Department of Children and Youth Affairs: Children in Care (4 Jul 2013)

Pearse Doherty: 11. To ask the Minister for Children and Youth Affairs the number of children in care who now have an allocated social worker; and if she will make a statement on the matter. [32601/13]

Written Answers — Department of Children and Youth Affairs: Youth Unemployment Measures (4 Jul 2013)

Pearse Doherty: 27. To ask the Minister for Children and Youth Affairs the measures and strategies she is considering, including in conjunction with other Departments and/or State agencies to help address the issue of youth unemployment; and if she will make a statement on the matter. [32583/13]

Written Answers — Department of Finance: IBRC Liquidation (4 Jul 2013)

Pearse Doherty: 71. To ask the Minister for Finance if the special resolution filed in the Companies Office on 18 February, which sets out that the sole member of the company, shall be entitled at any time by notice in writing to the company to suspend any or all of the powers of the directors of Irish Bank Resolution Corporation, in special liquidation, under the Companies Acts and under the articles of...

Written Answers — Department of Finance: Companies Law Issues (4 Jul 2013)

Pearse Doherty: 72. To ask the Minister for Finance the obligations and duties a special liquidator has under the Companies Act. [32751/13]

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