Results 7,781-7,800 of 13,254 for speaker:Seán Sherlock
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: Okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: Do the witnesses understand the frustration of the credit unions about the lack of progress?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: I thank Mr. Carville.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: I support what the Chairman says about Mr. Corr. In Mr. Carville's presentation he stated that the credit union policy within his division is well resourced and is headed by Brian Corr. If the head of the credit union policy team cannot be here today in this Parliament and feels that Brussels is of greater importance that is a bad day for our interactions with the Department
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: I wish to support that statement if I may. At the start of the crisis, we were informed there was a €1 billion hole in the credit unions. The Department now informs us the sum involved is €500 million, consisting of €250 million related to restructuring and a further €250 million related to resolution. Of the €250 million provided for one of these two...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: Will the credit unions have their money returned to them?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: Put another way, will the money be returned to us because we are all credit union customers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: This is taxpayers' money.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: There is a restructuring fund and resolution fund in place.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: Mr. Carville should not try to stretch his credibility on this issue.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: They took the money.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: May we have an update in the next quarter on the work of the implementation group? I suggest we send a message to the Department of Finance and the Central Bank that the committee will monitor the work of the bank very closely on behalf of the people we represent. We need clear, identifiable timelines and deadlines because progress has slipped. Contrary to what Mr. Carville said, tiered...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: I do not understand why we have not moved from that point to having tiered regulation under way at this stage in the first quarter of 2017. Many credit unions have done the necessary hard graft and paid thousands of euro in consultancy fees to go through the process. The hub and spoke model was developed in which the bigger entities took on the smaller ones. We have a lot of work to do to...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: How many staff does Ms McKiernan have in her office?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: Some 70 staff. How many people interface with the individual credit unions on a daily basis?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: That is 35 staff dealing with 281 credit unions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: I thank Ms McKiernan. That is fine.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: How would the Ms McKiernan describe the nature of the relationship between her staff and individual credit unions on a day-to-day basis? Would she describe it as professional and courteous?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: Are there times when voices are raised between her staff and individual staff members of credit unions?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)
Seán Sherlock: Have there been occasions?