Results 37,681-37,700 of 40,550 for speaker:Joan Burton

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage (Resumed) and Remaining Stages (18 Oct 2007)

Joan Burton: Following on from Deputy Bruton's questions I wish to raise a number of issues with the Minister. I do not understand how the Minister is minded to approach the issue of regulation. He refers to these firms being non-deposit taking institutions as the reason they were not included in regulation when the law was first introduced. The Minister, from what I detected in his speech, appears to...

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage (Resumed) and Remaining Stages (18 Oct 2007)

Joan Burton: Will these regulations apply to entities offering financial products in the Republic, even if they are not registered in the Republic?

Written Answers — Health Services: Health Services (17 Oct 2007)

Joan Burton: Question 115: To ask the Minister for Health and Children her views on the findings in a report published in October 2007 by the Women's Health Council and the Money Advice and Budgeting Service entitled Women, Debt and Health which indicates that seven out of ten women who have debt problems have related health problems; if she will implement the recommendations of the report that refer to...

Written Answers — Hospitals Building Programme: Hospitals Building Programme (17 Oct 2007)

Joan Burton: Question 151: To ask the Minister for Health and Children the position on the Government's plans for co-location of private hospitals on the grounds of public hospitals; the projects in respect of which contracts have been signed; the projects with which it is intended to proceed where contracts have still to be signed; the expected date on which building will commence for each project; the...

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage (17 Oct 2007)

Joan Burton: The amendment does not refer to farms, farmland or borrowing through non-regulated companies. These are significant issues for many farming families. Through inappropriate borrowing and vehicles, they can lose their farms. The reversion provision mentions individual domestic homes, but not farms or farmlands. Some years ago, it emerged that a company called Chesterton Finance had a...

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage (17 Oct 2007)

Joan Burton: I agree with the Tánaiste that the NTMA has been a successful public body. Its operations have enabled us to obtain good value in managing the national debt and have brought the cost of servicing and managing the national debt down considerably. I notice that in recent times the National Pensions Reserve Fund, which is one of the agencies under the umbrella of the NTMA, has taken a...

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage (17 Oct 2007)

Joan Burton: On the same subject, I would feel relieved if the NTMA were taking charge of some of the treasury functions of the HSE. Compared to what is happening at present, it might be for the better. The Minister might let us have a note on the issue. Given the changes in the financial markets and the risk factors that are now much higher because of the turbulence in the markets, as the Minister...

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage (17 Oct 2007)

Joan Burton: I would appreciate a note because the difficulty for people in opposition is that if one asks the Minister for Health and Children about anything, it is referred to the HSE, from which many months later some responses arrive. Sometimes it would be easier to understand ancient calligraphy than to understand the responses of the HSE in any meaningful ordinary sense of the word. I have an open...

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage (17 Oct 2007)

Joan Burton: This section deals with changes in the ministerial pension legislation. Currently a pension is payable if the former office holder applies for it within six months of becoming eligible for it, otherwise it is payable from the date of application. This amendment will allow for payment of a ministerial pension to be backdated to a date not earlier than the date of entitlement. Did somebody...

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage (17 Oct 2007)

Joan Burton: There was.

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage (17 Oct 2007)

Joan Burton: I am always happy.

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage (17 Oct 2007)

Joan Burton: Has the Minister or the regulator of credit unions examined the types of investments credit unions have been making in the context of the turbulence in financial markets? I do not know whether guidance has been given to credit unions or whether there is any oversight in regard to investments in financial derivatives by credit unions. The regulations require that credit unions have to hold a...

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage (17 Oct 2007)

Joan Burton: In the context of events on the financial markets in recent months, why is it not appropriate to ask the Financial Regulator to check that the credit unions have, where necessary, responded appropriately to any exposure they may have had to investments? The credit unions have had an extraordinary inflow of funds, particularly from SSIAs. Many of them, specifically those associated with...

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage (17 Oct 2007)

Joan Burton: It has not been an issue thus far.

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage (17 Oct 2007)

Joan Burton: No.

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage (17 Oct 2007)

Joan Burton: I move amendmentNo. 3: In page 5, line 13, after "1942" to insert the following: "(inserted by section 26 of the Central Bank and Financial Services Authority of Ireland Act 2003)". This is a drafting amendment to correct an inconsistency in drafting between this section and section 11. Section 11 refers to a 1995 Act, as amended in 1998. It is also inconsistent with the drafting of section...

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage (17 Oct 2007)

Joan Burton: Were they regulated in Ireland?

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage (17 Oct 2007)

Joan Burton: Were they registered in Ireland?

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage (17 Oct 2007)

Joan Burton: I am glad the Minister has given us his view of the general financial crisis because this is the first opportunity we have had to hear him talk about it. We started by praising his decision to introduce the late amendment to include certain products such as reversionary products in the legislation. I repeatedly raised sub-prime lending with him a year ago and he said the same as he is...

Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage (17 Oct 2007)

Joan Burton: No. This is about the general section.