Results 3,301-3,320 of 4,414 for speaker:Sean Barrett

Seanad: An Bille um an Dara Leasú is Tríocha ar an mBunreacht (Deireadh a Chur le Seanad Éireann) 2013: An Dara Céim (Atógáil) - Thirty-second Amendment of the Constitution (Abolition of Seanad Éireann) Bill 2013: Second Stage (Resumed) (3 Jul 2013)

Sean Barrett: Aontaím leat.

Seanad: Order of Business (3 Jul 2013)

Sean Barrett: I welcome Mr. Basil McCrea, MLA, and Mr. John McCallister, MLA. Their hospitality in Stormont is so good that it will be hard for us to live up to that standard. Will the Leader take account of what happened in the House last night in addressing the issue of bank regulation? The Department of Finance and the Central Bank closed ranks against even the mildest reforms in banking regulation in...

Seanad: Order of Business (3 Jul 2013)

Sean Barrett: -----and that is no substitute for the independence that these benches bring to the House.

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Sean Barrett: I support the Minister's amendments. It will be extremely difficult to introduce competition into the Irish market in this way because the two pillar banks are so protected. We were doing the same for VHI for a long period and also for CIE and Aer Lingus. If outside investors see one or two companies being supported utterly and totally by the taxpayer, they will find it very difficult to...

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Sean Barrett: I gather from the rejection of the amendment that the banks do not want the rest of us to know about these decisions. We need a reformed banking system. When people make complaints, the rest of us are entitled to know what was done about them. Or should banks just continue doing what they have been doing for probably well over a decade?

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Sean Barrett: With regard to individual complaints, last week we asked for the banks' attention to be drawn to the suggestion that triple damages should be paid. That was rejected and the Minister was supposed to be considering the position. I want to record my disappointment that when it is a case of Parliament versus the banks, the banks always seem to win. I regret that. This is a section stating...

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Sean Barrett: No. With deep regret I withdraw the amendment. However, I really regret what is happening here this evening.

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Sean Barrett: The section does not, however, make any provision for reporting on the actions taken by banks in response to complaints. That is the problem. As well as the categorisation of complaints, we must have categorisation of responses. To say the sector would find anything this Parliament does "unduly burdensome" suggests the people who are supposed to be regulating the banks have some neck. The...

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Sean Barrett: I thank the Minister of State.

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Sean Barrett: I move amendment No. 4: In page 59, between lines 12 and 13, to insert the following:“(d) the measures undertaken by the financial service provider in response to complaints made under this section.”.I wish to discuss the amendment briefly. I do not wish to detain the Minister of State. The amendment proposes that the ombudsman report include information about complaints. We...

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Sean Barrett: Section 49 provides that it may consult with such other persons as the bank considers appropriate. That is what happened. We now have a Central Bank Governor who I hope, and particularly if he is listening to this debate, will consider what something is doing for competition and competitiveness in the Irish economy. However, if the bank does not consider that appropriate, it will not...

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Sean Barrett: I thank the Minister of State for his response. We are ad idem on this. In response to these appalling bank crises and flops in the country, let us consider what was the reaction to the first crisis. It was that banks shall not buy insurance companies, or certainly not the one that bought an insurance company in London. We took action against the illegal offshore accounts and the pensions...

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Sean Barrett: I move amendment No. 2: In page 44, line 5, after “with” to insert the following: “The Competition Authority, the National Competitiveness Council and”.These amendments are allied. We were talking to the Minister for Finance, Deputy Noonan, last Thursday and saying that we must distinguish, according to the American model, between Wall Street and Main Street....

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Sean Barrett: I move amendment No. 1: In page 33, between lines 9 and 10, to insert the following: "(4) The Bank shall publish in its Annual Report a statement of the reforms undertaken by bodies in respect of which reports of breaches were made.".I welcome back to the House the Minister of State, Deputy Brian Hayes. As the Cathaoirleach will be aware, we discussed here on the last occasion that this is...

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Sean Barrett: No.

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Sean Barrett: I thank Senator O'Brien. It is an expletive deleted book. It continues: "No [expletive deleted] Protestant is coming near us. Those establishment [expletive deleted] and Bank of Ireland have been running our country before we came along, and those [expletive deleted] are not going to bring me down. None of them are ever going to look down on us again. We are the outsiders, and this is...

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Sean Barrett: I move amendment No. 1: In page 33, between lines 9 and 10, to insert the following: "(4) The Bank shall publish in its Annual Report a statement of the reforms undertaken by bodies in respect of which reports of breaches were made.".I welcome back to the House the Minister of State, Deputy Brian Hayes. As the Cathaoirleach will be aware, we discussed here on the last occasion that this is...

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Sean Barrett: No.

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Sean Barrett: I thank Senator O'Brien. It is an expletive deleted book. It continues: "No [expletive deleted] Protestant is coming near us. Those establishment [expletive deleted] and Bank of Ireland have been running our country before we came along, and those [expletive deleted] are not going to bring me down. None of them are ever going to look down on us again. We are the outsiders, and this is...

Seanad: Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages (2 Jul 2013)

Sean Barrett: I thank the Minister of State for his response. We are ad idem on this. In response to these appalling bank crises and flops in the country, let us consider what was the reaction to the first crisis. It was that banks shall not buy insurance companies, or certainly not the one that bought an insurance company in London. We took action against the illegal offshore accounts and the pensions...