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Seanad: An tOrd Gnó - Order of Business (9 Apr 2019)

Gerry Horkan: It is Cork South-Central again.

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: I call Senator Paul Daly and then Senator Higgins.

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: I ask that Senator Norris be allowed to speak without interruption by or commentary from others.

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: Does Senator Ó Céidigh want to come back in?

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: I ask that all contributions be made through the Chair.

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: Through the Chair.

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: We are not. I am not sure we will even conclude Committee Stage today.

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: Amendments No. 9 to 16, inclusive, are related. Amendment No. 10 is consequential on No. 9. Amendments Nos. 12 to 15, inclusive, are consequential on No. 11. Amendments No. 9 to 16, inclusive, may be discussed together by agreement. Is that agreed? Agreed.

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: It has been agreed that we will discuss amendments Nos. 9 to 16, inclusive, together.

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: They are all also consequential on amendment No. 11.

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: I am not sure how relevant the Senator's contribution is to amendments Nos. 9 to 16, inclusive. It is very entertaining so I am indulging him somewhat.

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: If that is the answer, I must use that line more often.

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: The Minister of State mentioned the committees and said he would cover that.

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: How stands amendment No. 9?

Seanad: Wildlife (Amendment) Act 2016: Committee Stage (Resumed) (9 Apr 2019)

Gerry Horkan: Amendments Nos. 17 and 18 are related and may be discussed together.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Gerry Horkan: I thank Mr. Masding and his team for attending and for his opening statement, which had a certain tone to it. He does not overly brag about the bank's performance and there is a level of humility or acknowledgement that there were problems, which the bank is tackling as well as it can. Mr. Masding acknowledged that the bank's staff, customers and everybody else have taken a hit. He stated:...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Gerry Horkan: What was the percentage drop from what their shares were worth at their peak to what they are worth now? Was it more than 99.5%? The value effectively disappeared.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Gerry Horkan: It was effectively a wipeout. I do not mean to criticise Mr. Masding or any of his team, but irrespective of what they ever do, they will never restore the value to those people's shares.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Gerry Horkan: It is Mr. Masding's right to keep going. At this stage, he is the longest-serving chief executive of the five major banks. He is the only one who was in situat the start of this committee's reign and who remains. Long may that continue but my point was about how the comment was worded. The taxpayer is the taxpayer, but everybody is a taxpayer. When we speak about the taxpayer, we mean...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Gerry Horkan: I do not think anyone else mentioned that the bank's share value for the current shareholders has fallen by approximately 45% in the past six months and 34% in the past year. The statement included a helpful table that shows the drop in the value of Bank of Ireland's and AIB's shares. Will Mr. Masding give some context to explain why the share value has fallen so significantly? The poor...

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