Results 7,241-7,260 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: Ms Byrne raised two final issues regarding an appeals process and what she considers to be the somewhat curious absence of a definition of what is a member in the Act.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Does Ms Byrne not think it should?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Each of the four submissions has been enormously informative. I compliment the witnesses on the clarity of their responses. The joint committee is moving through this material quickly and it is evident that some members, myself excepted, are quite expert while many of us have a lot less expertise. Consequently, this session has been extremely informative and definitely will inform the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: What is the rationale for removing the provision?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Many of the objections outlined to us suggest proposals are unduly restrictive on credit unions. This appears to be the opposite in that it opens up possibilities. I am not expressing a view but stating it appears a restriction is being removed. I may be wrong.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: We will stick with Ms Byrne, but I take the Deputy's point. Ms Byrne believes the provision is important and ethical and should be retained.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: That is interesting.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: That is very clear. Head 20, subhead 7, pertains to the duration of service of a director. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: It has been well ventilated. Ms Byrne is repeating the points and stating there is undue restriction.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Ms Byrne quoted a commentator who said that, by encouraging premature exit, there could be a risk of strengthening the power of management, thereby not improving the lot of shareholders. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: That point was not made heretofore and it is interesting.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Head 30 concerns viability. There was some discussion on how it is to be defined. Is that what Ms Byrne is touching on?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Is that an example of where stabilisation or support is needed or indicated?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Ms Byrne touched on a number of aspects that ought to be considered in her submission, which is very helpful. Head 47 pertains to restructuring and the submission of a restructuring plan. Could Ms Byrne explain her concern in that regard?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: There are three or four issues remaining. One concerns the definition of a special resolution. I refer to amendments to the 1997 Act. There is a two-step process envisaged for the passing of special resolution by a credit union.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Does this pertain to the restructuring issue?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: It happens.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Members of this committee are well versed in asking questions that have been asked already but in a slightly different way.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)
Alex White: Deputy Heather Humphreys was expressing a general view in respect of this and felt that there was already a contribution-----