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Social Welfare Bill 2014: Report Stage (Resumed) (3 Dec 2014)

Liam Twomey: I do not think somebody else can move an amendment for a Deputy on Report Stage.

Social Welfare Bill 2014: Report Stage (Resumed) (3 Dec 2014)

Liam Twomey: Amendment No. 16 in the name of Deputy Aengus Ó Snodaigh has been ruled out of order.

Social Welfare Bill 2014: Report Stage (Resumed) (3 Dec 2014)

Liam Twomey: Amendment No. 17 is in the name of Deputies Ruth Coppinger, Joe Higgins and Paul Murphy, none of whom is present in the Chamber.

Social Welfare Bill 2014: Report Stage (Resumed) (3 Dec 2014)

Liam Twomey: Amendments Nos. 18 to 21, inclusive, 25, 27 and 28 are related and may be discussed together.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion
(3 Dec 2014)

Liam Twomey: As there are no other contributions, on behalf of the joint committee I thank the witnesses from the Department of Finance for participating in this meeting and for the material that they supplied beforehand. We will suspend now and then resume our discussion with representatives of the Free Legal Advice Centres, FLAC, and Banking & Payments Federation Ireland.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion
(3 Dec 2014)

Liam Twomey: I thank Deputy Pearse Doherty. I call Deputy Arthur Spring.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion
(3 Dec 2014)

Liam Twomey: Sorry, but I must ask Deputies not to engage in side conversations. They are interrupting the flow of the meeting.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion
(3 Dec 2014)

Liam Twomey: Thank you, Mr. Hogan. Before we begin, I propose that we adhere to the same rules that applied at our recent meeting. This is to ensure that everybody has the opportunity to ask questions. I propose that the lead speaker from each group will have ten minutes and that a committee member from each group will have five minutes. Anybody else who wishes to ask questions will have five minutes....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion
(3 Dec 2014)

Liam Twomey: I remind members, witnesses and those present in the Gallery that all mobile telephones must be switched off. I welcome, from the Department of Finance, Mr. John Hogan, assistant secretary in the banking division, Mr. Declan Reid, specialist in the shareholding management unit, Mr. Antoine Mac Donncha, legal adviser, and Mr. Brian Fee, assistant principal in the banking division. The format...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Liam Twomey: They will have to work their way through them.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Liam Twomey: You are allowed to skip a few.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Liam Twomey: We have the idea when we are in here that we are coming at this from the side of the mortgagee, the person who holds the mortgage, but they do not have that much to do with us. They may be beneficial but this is about the Government wanting stability in the market and we want to spread that risk and we do so between insurance operators and the banks and it just so happens that the person...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Liam Twomey: That is 15%.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Liam Twomey: What the delegates said about the cap was interesting and we might return to that when we discuss this issue ourselves. The discussion this morning has been very interesting for us, some of it has been quite complex but we will tease it out when we have our own discussion on it. I thank the delegates for making their time available to us at short notice. The discussion will help us as we...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Liam Twomey: Could the Deputy get rid of his telephone as it is interrupting the proceedings?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Liam Twomey: We are back in public session. As the other members have not yet returned, would Senator Barrett like to ask a few questions?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Liam Twomey: Mr. Bennett?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Liam Twomey: I apologise Mr. Mas, bit I will ask Mr. Rance to finish. As soon as he finishes his contribution, the sitting will be suspended for a vote in the Dáil.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Liam Twomey: We will suspend until after the vote.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Liam Twomey: Does any other witness wish to comment on that issue?

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