Results 3,361-3,380 of 32,527 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: 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...

Written Answers — Department of Finance: Insurance Industry (29 Nov 2022)

Paschal Donohoe: From the details supplied, I understand that the Deputy is referring to Zurich Insurance. It was reported that Zurich Insurance group plans to shift its European Economic Area (EEA) insurance company, Zurich Insurance plc (ZIP), to Germany from Ireland following Britain's departure from the European Union. This move, I understand, will not happen before 2024. It was also announced that...

Written Answers — Department of Finance: Tax Code (29 Nov 2022)

Paschal Donohoe: I am advised by Revenue that VAT returns do not require traders to separately identify the VAT yield from the supply of specific products or services. Therefore, Revenue does not have exact data from which to estimate the cost of this measure. However, a tentative estimate using third-party data sources is provided below for gas and electricity. The Deputy may wish to note that electricity...

Written Answers — Department of Finance: Tax Code (29 Nov 2022)

Paschal Donohoe: The Finance (Local Property Tax) Act 2012 (LPT Act) as amended does not make specific provision for an exemption, reduction or deferral from Local Property Tax (LPT) for property owners with long-term illness. The Government decided upon the introduction of the Local Property Tax (LPT) that a liability to the tax should apply to all owners of residential properties with a limited number of...

Written Answers — Department of Finance: Business Supports (29 Nov 2022)

Paschal Donohoe: I propose to take Questions Nos. 229, 230, 235 and 237 together. Details of the new Temporary Business Energy Support Scheme (TBESS) are set out in Finance Bill 2022. The scheme will provide support to qualifying businesses in respect of energy costs relating to the period from 1 September 2022 to 28 February 2023 and will be available to tax compliant businesses carrying on a trade or...

Written Answers — Department of Finance: Tax Code (29 Nov 2022)

Paschal Donohoe: I propose to take Questions Nos. 231 and 232 together. As outlined in my responses over recent weeks to various questions about biofuels and Hydrogenated/Hydrotreated Vegetable Oil (HVO), the State’s legislation on the taxation of fuels - as governed by Council Directive 2003/96/EC of 27 October 2003, commonly known as the Energy Tax Directive (ETD) - relieves or excludes biofuels...