Results 7,361-7,380 of 7,765 for speaker:Maurice Cummins

Seanad: Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage (22 Jun 2004)

Maurice Cummins: I move amendment No. 18: In page 78, line 14, after "Bank" to insert ", the Regulatory Authority or the Consumer Director".

Seanad: Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage (22 Jun 2004)

Maurice Cummins: I move amendment No. 20: In page 82, line 13, to delete "or not". This is a technical amendment, as is amendment No. 21.

Seanad: Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage (22 Jun 2004)

Maurice Cummins: I move amendment No. 21: In page 82, line 42, to delete "33" and substitute "33(3)".

Seanad: Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage (22 Jun 2004)

Maurice Cummins: I move amendment No. 22: In page 85, line 9, after "affiliate" to insert "and that is reasonably required by the Bank for a specific purpose". This amendment is self-explanatory.

Seanad: Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage (22 Jun 2004)

Maurice Cummins: I move amendment No. 23: In Part 5, page 124, line 7, in the third column, to delete "up;" and substitute the following: "up. (2A) Without prejudice to the power of a supervisory authority to revoke an authorisation under subsections (1) and (2) of this section, a supervisory authority may apply to the Court in a summary manner for an order revoking the authorisation of an authorised...

Seanad: Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage (22 Jun 2004)

Maurice Cummins: The appeals system was completely changed from what was originally proposed. Will the Minister of State explain why the whole process was changed? It was a complete about-face from what was originally proposed in this instance.

Seanad: Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage (22 Jun 2004)

Maurice Cummins: I am glad the Minister of State explained that point.

Seanad: Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage (22 Jun 2004)

Maurice Cummins: I move amendment No. 25: In Part 11, page 184, between lines 50 and 51, in the third column, to insert the following: "(c) the supervisory authority may prescribe circumstances in which the provisions of paragraphs (a) and (b) of this section do not apply in relation to a discontinuance of an appointment in writing.".

Seanad: Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage (22 Jun 2004)

Maurice Cummins: I move amendment No. 26: In Part 12, page 188, line 26, in the third column, after "loan" to insert ", save where such introduction is ancillary to or otherwise than in the ordinary course of business of the person making the introduction".

Seanad: Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage (22 Jun 2004)

Maurice Cummins: I move amendment No. 27: In Part 12, page 188, between lines 38 and 39, to insert the following: "1A. Section 116 Substitute the following subsection for subsection (7): '(7) An Authorisation shall be valid from the date specified therein and shall remain valid unless it is suspended or revoked under the provisions of this Act.'. ". This is a technical amendment inserting a new subsection in...

Seanad: Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage (22 Jun 2004)

Maurice Cummins: I move amendment No. 1: In page 5, before section 2 but in Part 2, to insert the following new section: "2.—Section 33E of the Central Bank Act 1942 (as inserted by section 26 of the Central Bank and Financial Services Authority of Ireland Act 2003) is amended by the insertion of the following subsection after subsection (1): '(1A) At least one non-executive person with experience in...

Seanad: Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage (22 Jun 2004)

Maurice Cummins: I move amendment No. 2: In page 17, line 43, to delete "€5,000,000, or" and insert the following: "either— (i) €5,000,000, or (ii) a sum equal to the amount involved in the financial impropriety, whichever is the greater, or". This amendment proposes to insert either €5,000,000 or a sum equal to the amount involved in the financial impropriety, whichever is the greater. It is a...

Seanad: Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage (22 Jun 2004)

Maurice Cummins: I move amendment No. 3: In page 20, between lines 21 and 22, to insert the following: "(5) Where a decision not to investigate or a decision to discontinue an investigation under this section is made, the Regulatory Authority shall—— (a) certify that the events or circumstances in question are such that do not warrant a full and complete investigation; and (b) publish the reasons why a...

Seanad: Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage (22 Jun 2004)

Maurice Cummins: It is obviously not there.

Seanad: Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage (22 Jun 2004)

Maurice Cummins: I do not believe the public would accept such an explanation. The public has a right to know in such situations. In most cases, the financial institutions are putting their hands up when they have been found out. It is like putting the cart before the horse because very few institutions have put their hands up without first being found out and informed of the errors and mistakes made. I do...

Seanad: Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage (22 Jun 2004)

Maurice Cummins: The financial institutions are not trusted.

Seanad: Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage (22 Jun 2004)

Maurice Cummins: I move amendment No. 4: In page 31, between lines 45 and 46, to insert the following: "(iii) to provide reports on the experience of his/her office and the climate for consumers in the Financial Services Sector which would better inform policy makers within and outside the Authority of the position of consumers;". The amendment addresses the position of consumers and calls for a report to be...

Seanad: Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage (22 Jun 2004)

Maurice Cummins: I move amendment No. 5: In page 32, line 20, after "decides" to insert ", a majority of whom shall be persons independent of ties to business engaged in the provision of financial services". The amendment calls for the appointment to the board of persons independent of ties to business engaged in the provision of financial services.

Seanad: Central Bank and Financial Services Authority of Ireland Bill 2003: Committee Stage (22 Jun 2004)

Maurice Cummins: I move amendment No. 6: In page 32, line 20, after "decides" to insert ", at least 40 per cent of whom shall be male and at least 40 per cent female". The amendment addresses the composition of the board and proposes that at least 40% of its members shall be male and female, respectively. The proposal would satisfy equality legislation and the Government's stated intention as regards equality.

Seanad: Water Services Bill 2003: Committee Stage. (16 Jun 2004)

Maurice Cummins: Local government has had far too many powers removed from members, with more executive functions given to city and county managers. It is bad for democracy and removes councillors' accountability to the electorate.