Results 7,201-7,220 of 9,393 for speaker:Alex White
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: I understand what the Deputy is driving at, but the only way to deal with it is to put a contention made by another body to these witnesses instead of asking them to comment on why they believe another organisation does not agree with them. Does the Deputy know what I mean?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: The other organisations are not present. If a body that attended earlier said X and the witnesses appeared not to agree with it, the Deputy could put the matter to them. I want to be fair to everyone, including those who are not present.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Am I ahead of the Deputy? That would be unusual.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: The Deputy drew an analogy rather than stating it was the same thing.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: As there are no further questions for Mr. Johnson, we will proceed to the Credit Union Managers Association. I welcome Ms Gilleece and I thank her for her submission. The chief point is that the association supports the final report of the commission. It makes the observation that the commission's report was agreed unanimously by those who attended and participated. It also takes the view...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Mr. Johnson’s submission notes that he has already indicated to the Department in regard to part 5 of the scheme that a stand-alone single point of reference should be developed for credit unions and that it refers to a sector impact analysis. I ask him to elaborate briefly on what he has in mind.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Would it ultimately be possible to extract all of the legislative provisions that have a bearing on credit unions and include them in a single Bill? Is it not inevitable that some of the regulatory framework applying to the credit union movement cannot be extracted?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Would Mr. Johnson like to add anything further by way of general comment?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: I do not want to stop Mr. Johnson from making his remarks, but that Bill which is very complex is being dealt with by a different committee. We are not actively engaged in deliberating on it, but that does not mean we are not interested.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: I stressed that one. I will go through the others.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: I have now found Mr. Johnson's submission and will be able to take him through the issues he identified. I have read it also but I could not find it momentarily. Would Mr. Johnson deal with the nine over 15 first?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Is it CUDA's view that the nine year rule is too restrictive and the system would be better served if the Central Bank's rules in respect of credit institutions generally were applied?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Yesterday it was urged that the Minister should consider the possibility that, instead of there being any rules at all in statutory form, the credit unions should be invited to initiate their own rules. At least, I think that is what we were told yesterday afternoon. Does Mr. Johnson agree with that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Is that the way to solve the problem?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: To remind committee members, the Central Bank approach to this is that institutions shall review board membership at least once every three years, institutions shall formally review the membership of the board of any person who is a member for nine years or more and it shall document its rationale for any continuance and so advise the Central Bank in writing, the frequency with which board...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Is it Mr. Johnson's view that head 20(14) should be amended in order to provide for that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: I do not want to restrict Mr. Johnson in any way. If there is any overarching comment that he wants to make about the philosophy lying behind any of this, he should feel free to make it and there will be an opportunity to do so. However, I do not want to let him go without ensuring that we touch on each one of the specifics CUDA has raised. The next aspect is the resolution fund levy in...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: I understand that. On the tiered approach in respect of restructuring, we heard a number of bodies questioning the various bands. Is that also the point CUDA is raising?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Has the National Supervisors Forum a recommendation regarding the procedure for the removal of a director or a board?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Is the National Supervisors Forum just noting this?