Results 801-820 of 35,536 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: I understand this prospectus does not say that, but does Mr. Makhlouf accept that Israel itself is marketing these as war bonds?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: If Mr. Makhlouf or any of his colleagues opens their mobile phone and goes to israelbonds.com, the front page is very clear about supporting the war effort by buying Israeli bonds.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: That is fair enough. Is it correct that Ireland is the home country for Israeli bonds?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: That allows people in Germany and Spain to purchase these bonds because Ireland is the home country and we are part of the European Union.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: Did anybody in the Central Bank reach out to Israel after Britain left the EU and therefore could not be the home country for these bonds?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: Will Mr. Makhlouf check in terms of-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: Mr. Makhlouf has said very clearly that his hands are tied. He did not use those words but there is a legal responsibility on the Central Bank to authorise the sale of these bonds through the Central Bank in Ireland, as the home country, by approving the prospectus. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: Mr. Makhlouf has said that comes from the 2017 European regulations. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: Okay. In those same regulations paragraph 8 reads: The disclosure requirements of this Regulation do not prevent a Member State or a competent authority or an exchange, through its rulebook, from imposing other particular requirements in the context of the admission to trading of securities on a regulated market... Is that not the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: This regulation is about the requirement to provide a prospectus and then for a competent authority to authorise that prospectus. It states very clearly here that the Central Bank as a competent authority can impose "other particular requirements in the context of the admission to trading of securities". Does Mr. Makhlouf acknowledge that the Central Bank has the powers under this...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: When did the Central Bank last approve the prospectus?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: I am sure Mr. Makhlouf is familiar with this even though it is a big regulation. Article 32 reads: In order to fulfil their duties under this Regulation, competent authorities [which is the Central Bank] shall have, in accordance with national law, at least the following supervisory and investigatory powers: (a) to require issuers, offerors or persons asking for admission to trading on a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: I appreciate that, and the European Union should move on this. They should move-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: No. At the minute the deputy governor has three directors who operate under that structure. Is it the case that those directors will remain?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: So those three directorates are gone.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: Will the director of consumer protection go?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: I understand. So the director of consumer protection unit is gone. Is the director of enforcement and anti-money laundering still remaining?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: That will remain. Is the director of securities and market supervision gone?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: It is the existing structure.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: I know.