Results 541-560 of 1,934 for speaker:Tom Shehan

Seanad: Order of Business (9 Nov 2011)

Tom Shehan: I will come to the second issue about which I would like to ask the Leader. The "cash for gold" industry has been mentioned in the House previously. It needs to be the subject of regulation and legislation. I would like to propose an addendum to that. The "cash for scrap" industry also needs to be included when regulations are introduced. A person might bring 20 copper tanks to a scrap...

Seanad: Order of Business (27 Oct 2011)

Tom Shehan: It has been brought to my attention that when NAMA was established, Members of the Oireachtas were restricted from engaging with it. I understand the legislation was tweaked thereafter. I am looking for an open and transparent debate on the workings of NAMA. I have been told that a director of NAMA also acts professionally as a receiver and that a client of his recently took possession of...

Seanad: Order of Business (27 Oct 2011)

Tom Shehan: I am looking for an open and transparent debate on the workings of NAMA, which is working under a veil of secrecy. To whom is NAMA accountable? I thought that as a country, we had moved away from shady deals of this nature. I would like an open and transparent debate. Perhaps the Leader could arrange for senior officials from NAMA to come to Leinster House 2000 for a question and answer...

Seanad: Order of Business (27 Oct 2011)

Tom Shehan: Senator Cullinane obviously has no respect for the Chair.

Seanad: Order of Business (27 Oct 2011)

Tom Shehan: This morning's proceedings on the Order of Business would not make great viewing.

Seanad: Access to Central Treasury Funds (Commission for Energy Regulation) Bill 2011: Second Stage (Resumed) (26 Oct 2011)

Tom Shehan: The Bill proposes to allow the Commission for Energy Regulation to source low interest funding through the NTMA to meet the start-up costs incurred in putting in place the statutory safety framework required by the Petroleum (Exploration and Extraction) Safety Act 2010 prior to the imposition of the prescribed levy on the industry. What are the implications of the levy for Shannon LNG?...

Seanad: Access to Central Treasury Funds (Commission for Energy Regulation) Bill 2011: Second Stage (Resumed) (26 Oct 2011)

Tom Shehan: I have a query.

Seanad: Access to Central Treasury Funds (Commission for Energy Regulation) Bill 2011: Second Stage (Resumed) (26 Oct 2011)

Tom Shehan: I am seeking clarification on the Bill.

Seanad: Access to Central Treasury Funds (Commission for Energy Regulation) Bill 2011: Second Stage (Resumed) (26 Oct 2011)

Tom Shehan: I will leave it until Committee Stage.

Seanad: Access to Central Treasury Funds (Commission for Energy Regulation) Bill 2011: Committee and Remaining Stages (26 Oct 2011)

Tom Shehan: I thank the Minister for his commitment to the Shannon LNG project, for which County Kerry is waiting. It has been in the pipeline for a number of years. This is the language being used by the company in opposition to the levy. I wish the Minister well in seeking a speedy resolution of the problems caused by the imposition of the levy - the language used in the Bill - on future...

Seanad: Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Committee and Remaining Stages (19 Oct 2011)

Tom Shehan: Sections 91 and 92 provide that the Central Bank may direct an institution to prepare a recovery plan setting out actions that could be taken to facilitate its survival and recovery. Some credit unions are already in negotiations in regard to, to use Mr. O'Brien's term, "the mother ship" taking weaker credit unions under its wings. Will the recovery and resolution plans tool be used to...

Seanad: Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Committee and Remaining Stages (19 Oct 2011)

Tom Shehan: Does the Minister envisage that a recovery plan will be an option in respect of any of the 27 credit unions we have been told are at serious risk? The Minister mentioned special managers. I discussed this matter with the Minister of State, Deputy Brian Hayes, yesterday. Under the Bill, someone appointed as a special manager must, in the opinion of the Central Bank, have "the requisite...

Seanad: Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Committee and Remaining Stages (19 Oct 2011)

Tom Shehan: Regarding sections 102 and 103, the limitations on judicial review and the right to appeal are restrictive. Leave to seek judicial review must be made to a court within 14 days of the notification of a decision. However, leave for review may be granted thereafter if the court is satisfied that "there are substantial reasons why the application was not made within that period" and "it is...

Seanad: Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Committee and Remaining Stages (19 Oct 2011)

Tom Shehan: Could I have clarification on the common bond? The Bill states: Where the engagements of a credit union (in this subsection referred to as the 'transferor credit union') are transferred to another credit union (in this subsection referred to as the 'transferee credit union'), the common bond of the transferee credit union is taken to include the common bond of the transferor credit union and...

Seanad: Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Committee and Remaining Stages (19 Oct 2011)

Tom Shehan: I thank the Minister for this and for all his help throughout this process. In 1980, when auditors were auditing credit unions, the first thing they did was to ask for all the relevant information regarding loans and those who provided them - directors, managers, supervisors, staff and voluntary tellers. In 1980 auditors were seeking that information from credit unions and it is unfortunate...

Seanad: Order of Business. (18 Oct 2011)

Tom Shehan: I am getting to it. Mr. Elderfield, when visiting UCC on Friday last gave a direction to the banking fraternity in regard to increases in standard variable rates despite his stating previously ".....we do not have powers in this regard". Would it be possible for the Leader to invite the Governor of the Central Bank, Professor Honohan, and the Financial Regulator, Mr. Elderfield, to this...

Seanad: Order of Business. (18 Oct 2011)

Tom Shehan: I raised another issue, that of investments by credit unions. The Governor's answer, which I have in black and white, was that he did not want to address the specific investments that I mentioned. This answer is not good enough. If the Governor and his deputy will not give answers at a committee meeting, I suggest that they be brought before the House to give them.

Seanad: Order of Business. (18 Oct 2011)

Tom Shehan: This is the answer I received from the Governor.

Seanad: Order of Business. (18 Oct 2011)

Tom Shehan: Yes. Will the Leader arrange for the Governor of the Central Bank to attend the House so that he might answer questions-----

Seanad: Order of Business. (18 Oct 2011)

Tom Shehan: -----without giving the types of answer he gave at the committee meeting?