Results 3,121-3,140 of 4,002 for speaker:Rose Conway Walsh

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Second Stage (21 Jun 2017)

Rose Conway Walsh: One of the greatest causes of pain for Senators is the lack of legislation. This Bill presents the Seanad with an ideal opportunity to push forward legislation which was carefully prepared by Deputy Doherty and Declan O'Farrell in his office. I thank also Séamus MacFloinn for his input and all the others who contributed to the Bill, including those to whom the Minister of State...

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Second Stage (21 Jun 2017)

Rose Conway Walsh: Next Tuesday.

Seanad: Order of Business (20 Jun 2017)

Rose Conway Walsh: I am sure Tom Gilmartin, wherever he is, is having a good laugh about Fianna Fáil's commentary on cronyism and corruption. Along with Frank Connolly, he wrote the book Tom Gilmartin: The Man Who Brought Down a Taoiseach and Exposed the Greed and Corruption at the Heart of Irish Politics. Rather than comment further I will allow the people of this country to decide for themselves who...

Seanad: Inland Fisheries (Amendment) Bill 2017: Second Stage (20 Jun 2017)

Rose Conway Walsh: I congratulate the Minister of State on his new post. We welcome the Bill and understand the purpose and need behind these changes in legislation. This is about giving effective and legally sound powers to protect against the pollution of our environment. Of course, it is something that we need to consider in general and not just for our inland waters. We have to consider the effect of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Rose Conway Walsh: I thank the witnesses' for their report and presentation. I will pick up on a number of points. I have major concerns about the number of repossessions as well as the number of mortgages in arrears. The latter is more than 90,000. Following on from Senator O'Donnell's questions, what consumer protections are there for people who are in arrears and are petrified? People cannot be asked to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Rose Conway Walsh: Where does Ms Carroll see the responsibility for this? Does it lie with the Central Bank or is it in-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Rose Conway Walsh: Banks are not always willing to engage. I have been to some of these courts and have seen no engagement whatsoever. I think the problem is that people are frozen with fear because of the uncertainty of what will happen next and the lack of clear process that was cited. Dr. Keating points out that the court-based system for repossession is not good and that a special court would be useful,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Rose Conway Walsh: Does Dr. Keating think the number of repossessions will increase in the next 12 months?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Rose Conway Walsh: Does the Competition and Consumer Protection Commission talk to the vulture funds regularly about what they are doing? Does it communicate with them?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Rose Conway Walsh: Yes, but as more and more packages are sold off, even with AIB now and the direction in which that is going, and we have had representatives of various banks appear before us, the bigger share of the non-performing loans will be held by vulture funds and there will be a huge gap there if people such as the witnesses with a consumer protection role do not engage with the vulture funds,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Rose Conway Walsh: Perhaps the witnesses could briefly address that. Is there not going to be a big void-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Rose Conway Walsh: Yes, that would create a real urgency on the matter. What is a non-compulsory purchase order?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Rose Conway Walsh: Is a possession order the end of the road for a borrower as far as the witnesses are concerned?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Rose Conway Walsh: I will make one very final comment. I would certainly agree that a suitable forum is required but, in that context, it is short-sighted to be selling a 25% chunk of AIB without first having a robust discussion on the matter.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)

Rose Conway Walsh: I commend the Minister of State on keeping to his word and coming before the committee on a quarterly basis. It is a useful exercise in terms of evaluating where we are. However, it does not fill me with confidence. It appears to me that the tail is wagging the dog in the context of the insurance industry. The insurance companies continue to laugh at us. It is obvious that it appears to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)

Rose Conway Walsh: The Minister of State is doing good work on this but the bottom line is the actions are not reducing or impacting the higher rates of insurance-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)

Rose Conway Walsh: The problem I have is I am confronted with this by constituents every week. Were I say to them that we have a plan, that the Minister of State believes there is more transparency now and that things will change, they would ask me when will it change and when will their premiums come down. This is the question I am now asking the Minister of State, Deputy Eoghan Murphy, today. There is no...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)

Rose Conway Walsh: When? Can we give them an indication, say by the end of this year, that premiums will have come down?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)

Rose Conway Walsh: Is the Minister of State saying that in 12 months' time, almost everybody should see this?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)

Rose Conway Walsh: Bar things remaining the same, I understand that there are some variables within the insurance business.