Results 5,121-5,140 of 16,537 for speaker:Brian Lenihan Jnr
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: It does not need a statutory basis because as long as my party is in office it will exist. It should be easy for the Opposition parties to agree among themselves that the committee will exist thereafter, if there is a thereafter.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: Deputy Paul Gogarty asked if this was motivated by the desire to protect confidential information. That is not at all the case. Most committees and boards established by statute only have an annual reporting function which all Members know can be very uninformative. In this case, the statutory authority will give quarterly reports and an Oireachtas committee will be dedicated exclusively...
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: We have laid down in the Bill a great deal of the matter which the quarterly report must contain. Due to the concern expressed by Deputy Joan Burton on the issue of the bonds, I drew to her attention the European arrangement. I have the undertaking of the regulator to work with such a committee as well. It is not the regulator but a person designated by the regulator as he could not take a...
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: It is our constitutional duty.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: Dissolved.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: There is no consensus.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: Those measures are treated as off-balance sheet as well.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: No.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: No.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: I would not like to see the Irish version of that.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: As soon as EUROSTAT gave its ruling, we brought it into the public domain.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: Apparently it has not; that is what I am advised.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: I did refer to the fact that we were in discussions with EUROSTAT.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: We did not know the outcome of the discussions at that stage.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: It is certainly not the case.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: We could not tell EUROSTAT what to do.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Brian Lenihan Jnr: I played a constructive role in respect of a limited number of Opposition amendments.
- Mortgage Arrears: Motion (Resumed) (4 Nov 2009)
Brian Lenihan Jnr: I note the suggestion made by the Labour Party for the establishment of a national house mortgage service. A clear flaw in this proposal is the over-detailed regulation of normal business activity by lenders. Deputies will appreciate that a balance must be achieved by the Government between influencing private banks through the bank guarantee scheme and other financial support incentives...
- Mortgage Arrears: Motion (Resumed) (4 Nov 2009)
Brian Lenihan Jnr: Other elements contained in the proposed national house mortgage service are already reflected in the code on mortgage arrears. Deputy Flanagan stated in the House yesterday that 18 repossession orders were granted by the courts earlier this week. I do not dispute this figure. However, it is not clear how many, if any, of these repossession orders apply to owner occupiers. It is abundantly...
- Mortgage Arrears: Motion (Resumed) (4 Nov 2009)
Brian Lenihan Jnr: The Labour Party is persistently putting out this story that an avalanche of repossessions will take place after NAMA. That is simply not true. It is political scaremongering and it is extraordinarily unfair to owner occupiers in this country.