Results 48,861-48,880 of 49,836 for speaker:Stephen Donnelly

Written Answers — Department of Finance: IBRC Liquidation (24 Apr 2013)

Stephen Donnelly: 80. To ask the Minister for Finance further to Parliamentary Question Nos. 275, 276, 277 and 278 of 16 April, 2013, the reason preferred creditors will be paid before debt purchased by the National Assets Management Agency from the Central Bank; and if he will make a statement on the matter. [19462/13]

Written Answers — Department of Finance: IBRC Liquidation (24 Apr 2013)

Stephen Donnelly: 81. To ask the Minister for Finance further to Parliamentary Question Numbers 275 and 278 of 16 April 2013 if he will indicate the total pension funds affected, including those contained in client accounts;; and if he will make a statement on the matter. [19463/13]

Written Answers — Department of Finance: IBRC Liquidation (24 Apr 2013)

Stephen Donnelly: 82. To ask the Minister for Finance further to Parliamentary Questions Nos 275, 276, 277 and 278 of 16 April 2013, if he will confirm that the €1 million specified in the answer is the sum total of the 23 individual pension fund accounts also specified in the answer; and if he will make a statement on the matter. [19464/13]

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2013
Vote 11 - Public Expenditure and Reform (Revised)
Vote 12 - Superannuation and Retired Allowances (Revised)
Vote 13 - Office of Public Works (Revised)
Vote 14 - State Laboratory (Revised)
Vote 15 - Secret Service (Revised)
Vote 16 - Valuation Office (Revised)
Vote 17 - Public Appointments Service (Revised)
Vote 18 - Shared Services (Revised)
Vote 19 - Office of the Ombudsman (Revised) (23 Apr 2013)

Stephen Donnelly: It is with regret that I, too, will not be participating. The point raised by the Minister and Deputy Kevin Humphreys to the effect that if the Revised Estimates are not agreed, the organisations involved could be shut down is a substantive one. I propose that it would have been preferable to explore whether a ministerial order or legislation could have been used to resolve this issue. I...

Written Answers — Department of Finance: IBRC Liquidation (23 Apr 2013)

Stephen Donnelly: 176. To ask the Minister for Finance if he will provide a breakdown of the ELG payments that comprise the €933m provided under the Credit Institutions (Financial Support) Act 2008, as detailed in the March Exchequer; and if he will make a statement on the matter. [19185/13]

Written Answers — Department of Environment, Community and Local Government: Property Taxation Exemptions (23 Apr 2013)

Stephen Donnelly: 434. To ask the Minister for Environment, Community and Local Government if he will release all analysis undertaken by his Department which informed the decisions on the developments listed in the schedule to the Finance (Local Property Tax) Regulations 2013, S.I. 91 of 2013; if he will release details of the unfinished developments which were excluded by the above analysis; and if he will...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Stephen Donnelly: The more I learn about this, the more I conclude that the Oireachtas has not given the Central Bank the right tools. This is very important. Banks can increase charges based on 1996 legislation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Stephen Donnelly: All they have to do is tell the Central Bank about it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Stephen Donnelly: There is an unusual situation at present because many customers are unable to move. The market is not working at the moment. People are stuck in negative equity. They cannot move because they have tracker mortgages. All sorts of new reasons are preventing people from moving. Distressed borrowers and distressed businesses are stuck with banks they cannot get away from. In a healthy...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Stephen Donnelly: Great. I appreciate that Mr. Sheridan is not here to talk about it. I do not want to give the impression that I am trying to ambush him on it. The question I am asking is specifically linked to charges. I have made a submission because I am deeply concerned about what the proposed changes will do to citizens in this country. I guess that is for another day. The Central Bank acted...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Stephen Donnelly: I will explain the problem. The revised proposals allow the bank to determine whether one is co-operating. If one wants to appeal, one has to appeal to the bank. As far as I am aware, consumers or citizens cannot appeal to the Central Bank. The banks have not necessarily acted in the interests of the country in the last while. Some of them, at least, may continue to act in that way. If...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Stephen Donnelly: I thank Mr. Sheridan.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Stephen Donnelly: Does the director accept that the Irish banks per consumer have been and are consistently more profitable than the European average?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Stephen Donnelly: I thank the Chairman. Does the director accept, regardless of where he thinks the profits came from, that data show that Irish banks are more profitable per customer than the European average?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Stephen Donnelly: Does the director have comparative analysis against other developed country jurisdictions on charges and from somewhere other than Northern Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Stephen Donnelly: I know that the director has a tough job. With respect, and Deputy O'Donnell said something similar about his role in coming here today, it is unsatisfactory that he can only do a comparison with UK banking charges. There is compelling evidence that Irish consumers and businesses made our banks more profitable than any other. As director he should have solid comparative evidence to see how...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Stephen Donnelly: I thank the delegates for attending today's meeting. These meetings can often be bruising encounters. I had to leave the meeting earlier to speak in the Dáil but I have read Mr. Fielding's presentation. In Mr. Sheridan's view, is the right legislation, tools and capacity in place? The McKinsey study carried out in the 1990s looked at European banking. It concluded that Irish banks...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Stephen Donnelly: That is what I would like Mr. Sheridan's view on. That is my question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Stephen Donnelly: I appreciate that. Perhaps I will restate my question. There is unambiguous evidence that Irish customers are being overcharged, be it through interest rates or charges. This is the only way the banks here can be more profitable than banks anywhere else. If we accept that Irish customers are being overcharged there must be a reason for it. Either the regulatory capacity is not good...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Stephen Donnelly: Let me be clear. Mr. Sheridan does not accept that Irish consumers are being charged more, either through interest or charges. It is all the same to consumers in that either way cash is going out of their accounts. Is Mr. Sheridan saying that he does not believe Irish consumers are being charged more than consumers in other European countries?