Results 3,261-3,280 of 32,432 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: I move amendment No. 17: In page 43, to delete lines 40 and 41, and in page 44, to delete lines 1 to 3 and substitute the following: “(b) any relevant information or evidence gathered or received in the course of the investigation, and”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: I move amendment No. 18: In page 45, to delete lines 5 to 9 and substitute the following: “(7) A person who receives a copy of a final report or any submissions under subsection (5) shall not, subject to section 33AK, disclose the existence of or the content of the report or the submissions unless authorised to do so by the Bank in writing or required to do so by...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: That is correct. Such people must keep it confidential.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: The answer is "No" to that. He or she has to bring it to his or her legal representative because it could be market-sensitive information.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: Yes. They have to have a legal representative. To be more precise, it prohibits them from sharing information that the bank deems to be confidential with anyone other than their legal representative. In the scenario the Deputy mentioned, it would prohibit them from sharing that information with a trade union representative. It might be sections of the report. It is the sections of the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: That is what we are doing here. I do not perceive this to be an employment law matter. This is a financial regulation issue. We are talking about fitness and probity first and foremost, in accordance with financial regulations. What we are referring to here only is those things that the Central Bank deems to be confidential. In the areas which it does not deem to be confidential, I am...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: Okay. I hear the Deputy's view and I think we have a difference of view on the matter.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: I move amendment No. 19: In page 45, between lines 9 and 10, to insert the following: (8) Nothing in subsection (7) prevents a person from disclosing the existence of or the content of a report or submissions to his or her legal representative.”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: I move amendment No. 20: In page 45, line 10, to delete “(8) A person” and substitute “(9) A person”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: I move amendment No. 21: In page 45, line 12, to delete “both.”.” and substitute “both.”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: I move amendment No. 22: In page 45, between lines 12 and 13, to insert the following: “Confidential information provided for purposes of investigation etc. not to be disclosed 33ANL. (1) Where confidential information is provided to a person for the purposes of an investigation, or under or for the purposes of subsections (1) to (3) of section 33ANK, that person shall not,...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: I am available at any point. I was hoping to complete the legislative process before the recess. We have to give the legislation the time it needs, however. We will find a suitable slot. I have made myself available at any time the committee is available.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: The Deputy referred to the importance of good faith in answering the question. He put his question to me in good faith as well. I am conscious that every financial crisis is different. Many banking crises can be different from those that have gone before. Can I, therefore, guarantee to the Deputy or give him an assurance that our country may never face a huge financial difficulty again in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: I move amendment No. 9: In page 27, to delete line 34 and substitute the following: “(i) in subsection (9)— (i) by the insertion of “or holding company” after “provider”, and (ii) by the substitution of “as to why the suspension notice should not be confirmed” for “in relation to the fitness and probity of the suspended...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: The difference is that prohibition notices cannot be dealt with by the IFSAT.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: I move amendment No. 16: In page 39, line 3, to delete “ “(1A) For” and substitute “(1B) For”.

Written Answers — Department of Finance: Climate Change Policy (29 Nov 2022)

Paschal Donohoe: On 14 July 2021, the European Commission published a proposal for a new Carbon Border Adjustment Mechanism (CBAM) which will put a carbon price on imports of a targeted selection of products so that ambitious climate action in Europe does not lead to ‘carbon leakage’. This will ensure that EU emission reductions contribute to a global emissions decline, instead of pushing...

Written Answers — Department of Finance: EU Regulations (29 Nov 2022)

Paschal Donohoe: On 1 August 2014, the Single European Payment Area (SEPA) Regulation came into effect for all payment service providers (PSPs) and payment service users (PSUs) in the EU. Under the SEPA Regulation, it is illegal for PSPs and PSUs to refuse to accept any SEPA International Bank Account Number (IBAN) when making or receiving payments. The legislation governing these matters is contained...