Results 7,381-7,400 of 9,393 for speaker:Alex White

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Alex White: For the purposes of clarity, we will try to produce a list of issues. The delegates will understand that there is a time limit and that the Bill must be published soon. We will do our best and communicate to the Minister the published submissions, as well as a copy of the transcript of these hearings. We only have a few days in which to do this work. There is no problem - I merely want us...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Alex White: The delegates claim the legislation does not reflect the report when the contrary seems to be the truth. This is what the commission recommended. That is my point.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Alex White: Is Deputy Dara Murphy okay with these answers?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Alex White: Is Deputy Spring happy with that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Alex White: I am sorry to interrupt the Deputy's flow. However, we have a restricted area around the table. It is not a rule I made, but it should be observed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Alex White: Would Mr. Brennan like to respond?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Alex White: Nine years seems like a lengthy period. Is the three year limit the main concern for the credit unions?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Alex White: The delegation rhetorically asked what is the justification for this unfavourable treatment of credit unions as against other financial service providers. Has a justification been given for the credit unions having to have term limits?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Alex White: The delegation claims the case for having term limits has not been communicated to it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Alex White: What was the reason given for having these limitations?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Alex White: That brings me to my next question. Mr. Brennan said the credit unions could have their own restrictions and not contain it in the legislation. This suggests to me that the credit unions have some sympathy with the proposition of term limits.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Alex White: Is it desirable to have term limits?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Alex White: Yes, I understand that. However, on the one hand, the delegation asked the committee to say to the Minister that he should leave the issue of term limits to the credit unions but now it is saying there should not be any term limits. Does Mr. Brennan understand my point?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Alex White: So, which is it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Alex White: On the exclusions and prohibitions covered in head 20, it is stated one could not be an employee or voluntary assistant of any other credit union, a member of an oversight committee of any other credit union, a director of any other credit union and so forth. Which of these criteria are most problematic?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Alex White: Are there other prohibitions in this proposed section with which the credit unions could live?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Alex White: How will the delegation's proposed memorandum of understanding that should be agreed between the credit unions and the Financial Regulator work? It claims this document should address how each party would interact with the other. On the face of it, that makes sense. However, playing devil's advocate, if the regulator were required to have a separate memorandum of understanding with every...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Alex White: I thank the delegation. I call on Deputy Michael McGrath.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Alex White: I thank Mr. Brennan. Before calling my colleagues, I want to clarify one or two things briefly. Looking at the draft scheme and following the presentation, from what I can gather from the scheme, the term limit is three years.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Alex White: I welcome to this afternoon's meeting Mr. Jimmy Johnson, president, Mr. Kieron Brennan, chief executive officer, Ms Fiona Cullen, head of legal department, and Mr. John Knox, of the research department, from the Irish League of Credit Unions, ILCU, as well as Mr. Michael Edwards, vice-president of the World Council of Credit Unions, WOCCU. Members have received a PowerPoint presentation and...