Results 8,301-8,320 of 12,886 for speaker:Paul Coghlan
- Seanad: Order of Business (30 Apr 2013)
Paul Coghlan: I ask the Leader to confirm that what I am saying in answer to Senator O'Brien is correct.
- Seanad: Order of Business (30 Apr 2013)
Paul Coghlan: Please God, we will probably have that response from them today.
- Seanad: Order of Business (30 Apr 2013)
Paul Coghlan: It has not gone away.
- Seanad: Order of Business (25 Apr 2013)
Paul Coghlan: Senator O'Brien is always interesting to listen to on the Order of Business and, indeed, otherwise. However, he knows full well that it was a previous Administration which signed off on the remuneration package of the man in Bank of Ireland to whom he referred.
- Seanad: Order of Business (25 Apr 2013)
Paul Coghlan: The current Minister for Finance, Deputy Noonan, engaged independent consultants to analyse the banking sector, which resulted in the Mercer report. He expects the banks to produce savings of between 6% and 10%.
- Seanad: Order of Business (25 Apr 2013)
Paul Coghlan: The Minister is awaiting a response from the banks. Regarding events yesterday, Senator O'Brien again knows full well that the State equity in Bank of Ireland is 15% and reducing. The institutional investors and their proxies own approximately 75% or 80% of the shares in the bank. That fact was well known. This is a commercial operation-----
- Seanad: Order of Business (25 Apr 2013)
Paul Coghlan: Of course we have a view. The Minister has made his views quite clear. We support what Senator Barrett has proposed and that is the direction in which we are going. This has to be done in an orderly fashion.
- Seanad: Order of Business (25 Apr 2013)
Paul Coghlan: I am just coming to that. That is a commercial decision.
- Seanad: Order of Business (25 Apr 2013)
Paul Coghlan: We cannot have a situation in which the taxpayer has to ride to the rescue again to bail the bank out. We certainly do not want that to happen. That is a commercial decision that no Government, past or present, should interfere with.
- Seanad: Order of Business (25 Apr 2013)
Paul Coghlan: That is Government policy - we are not going to interfere. We must have commercially viable, profitable banks. I am not standing over the decision, which will be very tough for mortgage holders. We must go down the route proposed by Senator Barrett, which is supported by the Minister of State, Deputy Hayes. I am delighted there has been a meeting of minds on that because there must be...
- Seanad: Order of Business (24 Apr 2013)
Paul Coghlan: With the Cathaoirleach's permission and thanks to his good office, I wish to inform the House that the Ceann Comhairle and the Cathaoirleach will plant a tree, obviously a native species, in Leinster Lawn, in conjunction with the Million Trees in a Day national project. This tree will also commemorate the late Minister of State, Shane McEntee, who, in his ministry, had a great deal to do...
- Seanad: Order of Business (24 Apr 2013)
Paul Coghlan: It is at 12 p.m. tomorrow.
- Seanad: Order of Business (23 Apr 2013)
Paul Coghlan: Senator Darragh O'Brien's calls, so ably supported by Senator Ó Murchú, were understandable and I am sure they consider them good politics.
- Seanad: Order of Business (23 Apr 2013)
Paul Coghlan: Of course. As Senator Darragh O'Brien pointed out, the State's equity in Bank of Ireland is 15%. It used to own more, but millions of euro have been repaid. It is the bank's stated intention to repay the remainder in the shortest possible time.
- Seanad: Order of Business (23 Apr 2013)
Paul Coghlan: There are State guidelines on bankers' remuneration.
- Seanad: Order of Business (23 Apr 2013)
Paul Coghlan: Unfortunately, they do not enjoy the force of law.
- Seanad: Order of Business (23 Apr 2013)
Paul Coghlan: This is especially so if one is going to be outgunned by the shareholders, that is, if one owns 15% and is up against the other 85% at an annual general meeting, AGM. I do not know the answer, but I suspect that the Minister probably believes-----
- Seanad: Order of Business (23 Apr 2013)
Paul Coghlan: -----it is best to abstain in all circumstances because the proxies will be stacked against him.
- Seanad: Order of Business (23 Apr 2013)
Paul Coghlan: I do not have a question as such. I wanted to point out-----
- Seanad: Order of Business (23 Apr 2013)
Paul Coghlan: Due to my macular edema, I have a slight difficulty in reading a word that I wrote in my notes, but Senator Darragh O'Brien gets the gist of what I am saying and of the position in law.