Results 781-800 of 23,109 for speaker:Paddy Burke

Seanad: Wildlife (Amendment) Bill 2016: Second Stage (Resumed) (26 Mar 2019)

Paddy Burke: Part of the next generation probably will.

Seanad: Wildlife (Amendment) Bill 2016: Second Stage (Resumed) (26 Mar 2019)

Paddy Burke: It is still a great day for one's head. This Bill covers that. There are two areas on which I would like to speak. One is an issue which I have mentioned here before, namely, protected species. We have our own problems with protected species in Mayo, and I have no doubt the Minister of State has similar problems in Galway. I would like his Department to have a look at areas where there is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Paddy Burke: I welcome the delegation and I wish Professor Lane the best of luck in his new appointment. Has the Central Bank done any work on the price of houses? We have recently seen a decline in house prices in Dublin. Has the Central Bank done any work on the cost of building a house? Some builders state that it is not profitable to build houses at the prices they are getting outside Dublin.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Paddy Burke: On the sale of loans by various banks in recent years, I have received a considerable amount of correspondence from people who have had to vacate their homes. I presume the banks have been given permission by the Central Bank to proceed with the sale of these loans. Banks sell loans to companies such as Cerberus and other financial operators that do not function here on a day-to-day basis....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Paddy Burke: The original bank that extended the loan is holding the deeds. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Paddy Burke: I am talking about cases involving loans that have been bought by one of the so-called vulture funds. When an individual has to vacate a property, he or she deals with the bank that extended the original loan. The papers that are served on the individual are being served by the bank that gave out the original loan.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Paddy Burke: No, the bank is authorised in this State.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Paddy Burke: I do not think it is particular to one case. It seems to be the norm for most cases that the bank that extended the original loan serves the papers on the person who is vacating the property. The papers are served by the bank on behalf of the entity that has bought the loan.

Seanad: An tOrd Gnó - Order of Business (5 Mar 2019)

Paddy Burke: The Senator will go over his time anyway.

Seanad: An tOrd Gnó - Order of Business (28 Feb 2019)

Paddy Burke: I wish to raise the judgment in the case brought by Angela Kerins to see what implications it has for the Houses of the Oireachtas. I hope there will be a meeting of the Committee on Procedure and Privileges about it or that we would have a debate on that issue in this House. While I appreciate that there will be a final judgment in April, the Committee of Public Accounts, which is the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Law Reform Commission Report on Regulatory Powers and Corporate Offences: Engagement (26 Feb 2019)

Paddy Burke: I welcome the delegates and thank them for their presentation. Where does the commission draw the line between reckless lending and reckless borrowing? Is reckless borrowing a recognised concept?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Law Reform Commission Report on Regulatory Powers and Corporate Offences: Engagement (26 Feb 2019)

Paddy Burke: The commission put more weight on the lender than the borrower.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Law Reform Commission Report on Regulatory Powers and Corporate Offences: Engagement (26 Feb 2019)

Paddy Burke: If a small restaurant or hotel, for example, is in breach of the guidelines on food safety, it will be closed down until everything is rectified. Would it not be better if it was recommended that a corporate entity, a bank or a banking institution be closed for one week, two weeks or one month, rather than receiving a fine of up to €10 million, which is very little to some of the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Law Reform Commission Report on Regulatory Powers and Corporate Offences: Engagement (26 Feb 2019)

Paddy Burke: Would the commission include it in the report?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Law Reform Commission Report on Regulatory Powers and Corporate Offences: Engagement (26 Feb 2019)

Paddy Burke: The Central Bank has revoked some of the licences. For us as legislators, however, the commission could make a recommendation in the report to indicate that it could be provided for in the legislation that an institution should be closed for a period if it is in breach of the law. Is the commission in favour of that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Law Reform Commission Report on Regulatory Powers and Corporate Offences: Engagement (26 Feb 2019)

Paddy Burke: I accept that I am putting Mr. Byrne on the spot.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Law Reform Commission Report on Regulatory Powers and Corporate Offences: Engagement (26 Feb 2019)

Paddy Burke: In the case of the death penalty, if somebody, rather than the four walls of the bank, committed a crime, I would have problems with penalties for the corporate entity. One wonders how a bank or institution could commit a crime. It is obvious that someone who works within the institution is the one who commits the crime, which leads me to the point that procedures should be put in place....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Law Reform Commission Report on Regulatory Powers and Corporate Offences: Engagement (26 Feb 2019)

Paddy Burke: A certain amount of risk management is in place. One of the best contributions made at this committee was by a man called Jonathan Sugarman. I asked him what his job was. He likened his job to being in charge of the cash register. Every evening, he had to have enough money in the cash register to pay everybody. If he did not, he had to go to the Central Bank or the parent body to get the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Law Reform Commission Report on Regulatory Powers and Corporate Offences: Engagement (26 Feb 2019)

Paddy Burke: Mr. Byrne said that for there to be an offence of recklessness, there has to be a potential gain. Does a trade have to be carried out or can there just be talk about giving or getting a loan? Does there have to be more than intent and is it described as recklessness at the bottom if it has to go higher up the ladder to the board or some other place for approval?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Law Reform Commission Report on Regulatory Powers and Corporate Offences: Engagement (26 Feb 2019)

Paddy Burke: If it has to go to the board for approval and the board can refuse or agree, is it still described as recklessness?