Results 3,041-3,060 of 4,002 for speaker:Rose Conway Walsh

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (11 Jul 2017)

Rose Conway Walsh: This is just an amendment-----

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (11 Jul 2017)

Rose Conway Walsh: I give way to the Minister of State.

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (11 Jul 2017)

Rose Conway Walsh: I agree with the Minister of State.

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (11 Jul 2017)

Rose Conway Walsh: I thank my fellow Senators and the Leader of the House. I particularly thank the Minister of State and his team for their co-operation in having the Bill moved through this House as swiftly as possible. As I said many times during the passage of this Bill, there are people who have been waiting for this legislation for years. For these people, this legislation offers some hope of redress....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: I welcome the Minister to the committee and wish him well in all of his various roles. I want to focus on non-performing loans. I was taken aback when the Commission bluntly recommended that Ireland needed to encourage a more durable reduction in the value of non-performing loans through resolution strategies that involvd write-offs for viable businesses and households, with a special...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: Is the Minister saying we will continue on with more of the same? The Commission is stating we need changes. We have not had the write-offs about which it is talking. When the Minister is talking about non-performing loans, is he talking about loans that have been sold to vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: Is the Minister talking about what is within the bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: Have there been write-offs for viable businesses and households?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: Therefore, we have no aggregate figures for write-offs.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: Does the Minister expect the number of loans held by such firms to increase as a result of the changes within AIB? Representatives of the banks have been before the committee on several occasions and have all indicated that there is likely to be a further sell-off of loans.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: Does that also apply to unregulated vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: The Minister is not concerned at all about private equity firms as he calls them and people not knowing when their mortgage is sold who is the mortgage holder. These are the cases we come across every day.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: The Minister is just into his job. We will see how it goes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: The programme for Government also committed to reviewing the insolvency thresholds, but there is no sign of that happening. A special court to deal with mortgages with accompanying legislation was promised, but there is no sign of that happening. How will the Government implement this country specific recommendation? Is it legally obliged to do so?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: Are we legally obliged to do it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: On the Brexit projections, the Irish Fiscal Council Advisory and the Economic and Social Research Institute, ESRI, have clearly voiced concerns that the model for Ireland being used by the Department, the COre Structural MOdel, COSMO, may underestimate the potential effect of a hard Brexit. The Irish Fiscal Advisory Council's chief economist told the Oireachtas Committee on Budgetary...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Rose Conway Walsh: Is the Minister happy with the COSMO model being used?

Seanad: Order of Business (5 Jul 2017)

Rose Conway Walsh: We are very dissatisfied that a deal has not been done to get the assembly up and running in the North. I thank the Sinn Féin negotiating team for doing everything humanly possible to get a deal, and indeed others in wider civic society for the hugely positive role they have played in trying to get the Executive and assembly up and running. The fact that we do not have a deal rests...

Seanad: Household Waste Charges: Statements (5 Jul 2017)

Rose Conway Walsh: I wish to highlight the amendment brought forward by my Sinn Féin colleagues in the Dáil last night, in which our key priorities relating to waste charges were laid out. We are opposed to pay-by-weight charges and do not want an independent regulator. Fianna Fáil introduced a motion that would not block the new charges but would regulate them. This is a classic case of...

Seanad: Household Waste Charges: Statements (5 Jul 2017)

Rose Conway Walsh: That was a fundamental mistake and should be reversed. The Government is selling this new regime while championing the idea that competition will ensure prices are kept low and there are no sudden spikes. That is not going to happen. We have a lot of unlimited companies - are we going to be depending on them to keep prices low and create competition?It has not happened in the insurance...