Results 5,581-5,600 of 35,563 for speaker:Pearse Doherty
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: That takes me back to the earlier point on rolling on and off. Are we moving everybody at the same time? The panel does not operate as a board, as such.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: The panel comprises individual members from which the Minister draws anyway-----
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: So it is not a committee or decision-making body in itself.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: There is no leader or chairperson of the panel; it is just individual members that the bank draws from.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: Exactly.The term is four years. Is it a remunerated position? Is that what subsection (7) is dealing with in terms of contracts of service?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: Does being drawn from the panel entail remuneration? Does the bank enter into a contract of service if a person is drawn from the panel to be a member of the inquiry?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: I presume those are the going rates.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: So the Minister may appoint individuals to the panel after a process conducted by the bank, and the bank consults the Minister. Am I correct that the bank goes through a process, identifies a wide range of individuals who have the necessary qualifications, scope and breadth to deal with any issue that may arise, and speaks to the Minister on the pool it is putting forward? Ultimately, the...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: How does a conflict of interest arise? It is a small island, particularly when we are dealing with individuals.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: The Minister will just appoint to the panel. At that time, he or she will not be able to figure out if there is a conflict of interest. The individual-----
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: Yes, the Central Bank.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: How many individuals will be appointed from the panel to conduct an inquiry? There will be a chair and what else?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: Where in the Central Bank is this decision taken? Who has the responsibility? Is it the head of regulatory-----
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: I appreciate the Minister going through this with the committee. I ask him to explain section 33BI(7), which relates to a contract of service or a contract for services.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: This relates to the external members of the panel, the 24 who are already there and will now make up the new transitional panel. Are there internal members of the panel? What is the process of appointment for internal members of the panel?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: If there is an inquiry, is there a requirement to have a mix of external and internal members?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: How many internal members are currently on the panel?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: I appreciate that.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: We are coming to the end of the Bill. This point does not necessarily fit in with the section as the section has more to do with transitional issues in the new legislation and how it interacts with the investigations that are up and running. On previous sections we discussed penalties and awards. We are all too familiar with penalties being imposed on regulated financial institutions and...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)
Pearse Doherty: Is that just because they do not appeal this to the High Court on a point of law?