Results 61-80 of 33,392 for speaker:Paschal Donohoe

Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)

Paschal Donohoe: There we go. When did I make reference to Anglo Irish Bank?

Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)

Paschal Donohoe: This has become a very familiar tactic of Deputy Doherty's over many years. He asked me a question about AIB and Bank of Ireland-----

Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)

Paschal Donohoe: -----and I answered the question about AIB and Bank of Ireland. The Deputy then plucked the huge loss of taxpayers' money in relation to Anglo Irish Bank, which this question is not about.

Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)

Paschal Donohoe: What the Deputy is doing-----

Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)

Paschal Donohoe: -----is putting forward an argument that does not make sense.

Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)

Paschal Donohoe: The Deputy tends to be quite hazy on the issue-----

Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)

Paschal Donohoe: -----of how companies are owned.

Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)

Paschal Donohoe: I know that and he knows that. I have answered the question.

Ceisteanna Eile - Other Questions: Central Bank of Ireland (15 Jul 2025)

Paschal Donohoe: As I said, I do not play a role in determining the investment decisions that ISIF makes. They are made independent of me and this decision was made by ISIF in the way I have just explained to the Deputy.

Ceisteanna Eile - Other Questions: Central Bank of Ireland (15 Jul 2025)

Paschal Donohoe: I have responsibility for setting the general direction that is given to ISIF. However, I do not play a role in determining the individual bonds and shares that ISIF holds. All the Deputies know that. I do not play a role. I do not direct or communicate to ISIF and tell it what individual investment decisions to make. What I do is communicate with ISIF and set a general direction for it.

Ceisteanna Eile - Other Questions: Central Bank of Ireland (15 Jul 2025)

Paschal Donohoe: That is the word. What the Deputy is trying to do is to create the impression that I am involved in giving a direction to ISIF-----

Ceisteanna Eile - Other Questions: Central Bank of Ireland (15 Jul 2025)

Paschal Donohoe: -----regarding individual investment decisions it makes. That does not happen. The word the Deputy used is correct. "Strategic" direction-----

Ceisteanna Eile - Other Questions: Middle East (15 Jul 2025)

Paschal Donohoe: In relation to the different questions, I was aware of the shareholding that ISIF had, indirectly in the Israeli bonds as part of the preparation for the publication of its annual report. I was not aware up to that point. The bonds have now been sold. I have outlined on other occasions, just a few moments ago, the engagement between my own officials and the Central Bank. In terms of the...

Ceisteanna Eile - Other Questions: Middle East (15 Jul 2025)

Paschal Donohoe: Of course, I am happy to give the exact dates to the Deputy. I will ascertain them and come back to him on it. This decision was made by ISIF. The government bonds are no longer held by it. I am happy to come back to the Deputies with the dates they are looking for as to when the decision was made and regarding what Deputy Ó Murchú has said there. Of course I am fully aware of...

Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)

Paschal Donohoe: The long-standing policy of this Government is to return the remaining banks to private ownership while achieving value for the taxpayer. It continues to be the Government's belief that banking in the main is an activity that should be provided by the private sector and that taxpayer funds which were used to rescue the banks should be recovered and used for more productive purposes. The...

Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)

Paschal Donohoe: Well, look, the Deputy referred to simple maths. I would refer to a simple understanding of stock markets. I know Deputy Doherty is a little hazy and unclear on the issue of how companies are owned. In regard to AIB, if we were in a position where the financial markets were expecting that the State was not going to reduce its shareholding in AIB over time, of course that would materially...

Ceisteanna Eile - Other Questions: Middle East (15 Jul 2025)

Paschal Donohoe: The approval of a prospectus document is a matter for the Central Bank of Ireland as the designated competent authority under the EU prospectus regulation. It is an operational matter for the Central Bank as the State’s financial regulator to ensure that a disclosure document for any offer of securities for sale to the public contains all the necessary information required by the EU...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Collection (15 Jul 2025)

Paschal Donohoe: I thank the Deputy. The answer I have to hand goes through the structure of the local property tax, which Deputy Timmins already knows. I will not take him through that. The issue to which he referred is about the interplay between the amount of revenue a local authority raises in its own jurisdiction and the equalisation fund. I have tried in the various revaluations in which I have been...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Collection (15 Jul 2025)

Paschal Donohoe: I understand the Deputy's point. In between the two complex formulae and the spreadsheet I see, which has them on it - I am sure the Deputy is familiar with it - there are a number of local authorities like his own that believe they do not get to keep all of which they raise. The issue, which the Deputy acknowledges in his question, is that if we were to move to a system where all of what a...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Collection (15 Jul 2025)

Paschal Donohoe: On the second matter, I am happy to raise it with the Minister for local government, Deputy Browne, and his colleague, the Minister of State, Deputy Cummins, who is also involved in this issue with me. On the first matter, I examined that issue and inquired into it. I was definitively told I could not make that change. The reason is the budget cycle is annual and the budget cycle here is...