Results 30,841-30,860 of 35,932 for speaker:Pearse Doherty

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Pearse Doherty: I ask the Minister to explain that to me. I am thinking of a scenario in which a financial institution is under review by the Central Bank and the reviewer and the reviewee are somehow colluding to provide false information to the bank. Under this section, the reviewee would be subject to prosecution but I do not see how the reviewer would be subject to sanction.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Pearse Doherty: However, that section is only relevant to the Part of the Bill dealing with authorised officers. It would be an offence in that context but the amendment does not deal with the reviewer. I am merely flagging the issue.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Pearse Doherty: I presume the contract would also specify an offence of providing false information to the bank but, while this section goes further in outlining the maximum penalties, it does not apply to the reviewer.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Pearse Doherty: The reviewer is dealt with in section 11. Can the reviewer be an individual?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Pearse Doherty: It is more likely that an individual would be appointed to compile a report depending on its scale. I agree with the sentiments expressed by Deputy Michael McGrath. While I know there is protection offered by the fact that the Central Bank has to approve the reviewer, would it not be more appropriate for the bank to have some panel of individuals who would know what it required? I know...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Pearse Doherty: Is it not the case that the authorised officer of the Central Bank would be used in more extreme cases and that the reviewer could be used in more routine cases where the alarms were not as loud? When we get to the section dealing with authorised personnel, it will be seen that they have serious and substantial powers. I am not sure, therefore, if it is fair to compare them. It is not a...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Pearse Doherty: That is a welcome commitment. In the absence of a comprehensive Bill from the Minister for Justice and Equality, when does the Minister expect the alternative vehicle to be brought forward?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Pearse Doherty: While the joint committee could spend an entire session on that contribution, I will not do so. I acknowledge the Vice Chairman has being generous with his time. I have two further brief questions. Earlier, Professor McHale mentioned that the council had not factored in the taking on of the promissory notes as sovereign debt over a longer period and the impossibility of so doing. The...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Pearse Doherty: I refer to the Bénétrix-Lane model, which studies the impact of a shock to the system. Does Professor McHale believe this does not apply in respect of the figures they have provided, which show an average multiplier of four over a four-year period?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Pearse Doherty: Professor McHale acknowledged in the report that there is nothing in it to the effect that the fiscal advisory council believes there should be a 3% target. The projections are that the Government will hit 2% and the council is saying it should stay on target, which can only be read as that the Government should stay on target and hit 2% by 2015. Is the advice to Government that it should...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Pearse Doherty: I welcome that, because from my reading of the report it is clear that the fiscal advisory council's target is 2%. What it is saying to the Government is not to overshoot the 3% target but to come in on it. There are different ways of doing that. The adjustments could have been done closer to the time if there was a belief that it would overshoot. The problem with the approach taken by...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Pearse Doherty: I have a few other questions. There has been much discussion on the flawed way the programme was designed. The head of the IMF mission said it was flawed and that it was the wrong type of programme. Others, including our great leaders in Europe, told us that austerity is not working. They said we had reached breaking point. Ministers have come out with similar statements in recent days....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Pearse Doherty: Cuirim fáilte roimh an Irish Fiscal Advisory Council anseo inniu. The members of the Irish Fiscal Advisory Council may not be aware that following the publication of each of their reports I have called on the Government not to accept the main recommendation, in which it calls for more austerity measures. I am glad the Government did not accept its recommendation at that time. I see...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Pearse Doherty: I am well aware of that. May I make this point, and I am open to correction, the advice of the council to Government is to target a 2% deficit by 2015. The council would like the Government to hit that target and to sustain the adjustment which it believes will be 2% in 2015. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Pearse Doherty: Let me put it to Professor McHale, the council has published a report which shows that with the current adjustments, it will reach 2% in 2015.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Pearse Doherty: I understand that, and there is always a risk in making projections but the council has come down on the side that sticking to the adjustment will bring it down to 2%. It is not stated in the report that if the Government is reaching the target in the final year 2014, it could ease off the austerity measures. Professor McHale would want the Government to continue with these measures even if...

Leaders' Questions (24 Apr 2013)

Pearse Doherty: Cast your vote.

Written Answers — Department of Social Protection: Social Welfare Code Issues (24 Apr 2013)

Pearse Doherty: 45. To ask the Minister for Social Protection if her attention has been drawn to the fact that the Court of Justice of the EU, in the case of Servet Kamberaj v Servet Kamberaj v Istituto per l’Edilizia Sociale della Provincia autonoma di Bolzano IPES, that EU member states are prohibited from implementing legislation which treats third-country nationals who are long-term residents...

Written Answers — Department of Social Protection: Departmental Reports (24 Apr 2013)

Pearse Doherty: 50. To ask the Minister for Social Protection if her Department has conducted any research on identifying a minimum essential standard of living; if she will provide the results of this research and the methodology used; and if she will make a statement on the matter. [18837/13]

Written Answers — Department of Finance: NAMA Portfolio Issues (24 Apr 2013)

Pearse Doherty: 68. To ask the Minister for Finance further to Parliamentary Question No. 260 of 16 April 2013, if he will clarify the apparent inconsistency in policy between the National Asset Management Agency providing detailed information in a press release on its development of the Millmount project in Dundonald, County Down, but declines to provide information on its plans with respect to the 1916...