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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Rose Conway Walsh: I am pleased to learn that because it was quite alarming to think staff would be excluded. On Brexit and the North, there is much speculation about what Brexit might mean for the financial sector in Ireland. It is generally agreed that Brexit is bad news for the economy, but there is a chance that some banks and even the European Banking Agency might locate here. The union represents...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Rose Conway Walsh: I cannot agree with Mr. Broderick on that point.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Rose Conway Walsh: I thank Mr. Kissane for all the excellent work that he has been doing. Without Mr. Kissane, the issue would not be where it is. He has certainly done the State some service. The situations he describe where people have been robbed of their money, and robbed of their lives in some cases, is a stark picture but it is the reality we, as public representatives, come across every day. I...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Rose Conway Walsh: Mr. Kissane's absolute confidence in the Central Bank in terms of sorting this out is difficult to understand. We had representatives of Ulster Bank before us and they committed to having most of it sorted out by Christmas and anything else early in the new year. All the Ulster Bank customers I know are still waiting. They are still getting the letters they have been receiving for the past...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Rose Conway Walsh: Mr. Kissane will be familiar with the figures for provisioning. The figure for Ulster Bank is €118 million. Does Mr. Kissane think that provision is in any way sufficient to meet what will be needed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Rose Conway Walsh: Does that tone, namely, that we all partied, not come from the highest level? Mr. Kissane has talked about people's shame and feeding and exploiting that has been done in a ruthless way. Has the tracker mortgage debacle happened in any other country?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Rose Conway Walsh: What timeline does Mr. Kissane envisage for having all of this sorted?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Rose Conway Walsh: Surely the Central Bank is the institution responsible for ensuring that none is outstanding at the end of 2017. Is that not correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Rose Conway Walsh: Surely the Central Bank needs to be doing that job.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Rose Conway Walsh: It appears to me that the control is still firmly with the banks, and it has not been taken by the Central Bank. The Central Bank expects that banks will have commenced engagement with impacted customers by mid-2017. What does it mean by engagement? Is it another letter that says something slightly different? That is a problem. It goes back to the Cathaoirleach's observations that the...

Seanad: Order of Business (21 Feb 2017)

Rose Conway Walsh: I second Senator Victor Boyhan's proposal that the Minister for Agriculture, Food and the Marine be asked to come to the House to discuss the issue of GLAS payments.The GLAS files were submitted to the Department in May and December 2015, but payment is still awaited. I raised this issue in January. It is not acceptable that we are being told at this late stage that the computer is not...

Seanad: Order of Business (21 Feb 2017)

Rose Conway Walsh: I will be at a meeting of the finance committee then. I call on the Minister for Arts, Heritage, Regional, Rural and Gaeltacht Affairs, Deputy Humphreys, to return to the Chamber to explain how, on one hand, action No. 124 of the Action Plan for Rural Development asserts that, "these regional institutions will have greater industry links, support enterprise, underpin diversity and promote...

Seanad: Order of Business (16 Feb 2017)

Rose Conway Walsh: It is not every day that I stand here and agree completely, fully and wholly with Senator McDowell. It is disturbing that the Garda Commissioner is refusing to step aside for the duration of the public tribunal of inquiry. It is even more disturbing that the Government, the Cabinet and their partners in government, Fianna Fáil, feel that this is okay. It is wrong and I would ask all...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Cost of Motor Insurance: Minister of State at the Department of Finance (16 Feb 2017)

Rose Conway Walsh: The Chairman asked the question I was going to ask on the action points and what specifically has been done. Does the Minister of State have any figures on whether there has been a movement in the cost of insurance over the past four months since we started this?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Cost of Motor Insurance: Minister of State at the Department of Finance (16 Feb 2017)

Rose Conway Walsh: Until we actually see the specific actions it is difficult for us to have an in-depth discussion. An issue raised was that there was no transparency in the bills received by customers as to what justified the rise. Has this been changed? When can people expect to receive bills which will outline clearly why the premium has increased or decreased?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Cost of Motor Insurance: Minister of State at the Department of Finance (16 Feb 2017)

Rose Conway Walsh: The Minister of State is saying by the second half of this year people can expect to receive bills which will show itemised costs which they can clearly see.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Cost of Motor Insurance: Minister of State at the Department of Finance (16 Feb 2017)

Rose Conway Walsh: We hear all the time that people are claiming more. I would put it the other way around. Many people are not claiming because they are so afraid that if they claim it will increase their premiums even further so they try to pay the costs themselves when they are involved in accidents. Transparency and the availability of raw data was a big issue. Is more being made available? Can the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Cost of Motor Insurance: Minister of State at the Department of Finance (16 Feb 2017)

Rose Conway Walsh: We heard a presentation yesterday by the Irish Lobby for Immigration Reform on the theme of returning emigrants. One of the big points concerned the huge premiums people returning to the country were being charged. Has anything specific happened since the report came out to ease the burden on those who are being refused insurance or being charged huge premiums?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Cost of Motor Insurance: Minister of State at the Department of Finance (16 Feb 2017)

Rose Conway Walsh: I ask the Minister of State to report back to the committee on any of the actions that have been implemented, or where he sees progress being made. We can keep it monitored to keep up to speed to know that all of the meetings we have had with all of the actors in the industry have paid off, as well as having the Central Statistics Office, CSO, figures, which will tell us whether premiums...

Seanad: Order of Business (15 Feb 2017)

Rose Conway Walsh: As a Member of the Oireachtas, I was amazed that Government Ministers spent three full hours yesterday clarifying what they had already stated in public. Maurice McCabe and his wife, in their statement on Monday last, asked some very straightforward questions. They said that the truth was more urgent than justice. Their questions related to the handling of the false sex abuse allegations...

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