Results 8,501-8,520 of 15,555 for speaker:Eoghan Murphy

Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (23 May 2017)

Eoghan Murphy: I move amendment No. 1:In page 3, between lines 14 and 15, to insert the following:“Amendment of section 57BA of Principal Act2. Section 57BA of the Principal Act (as inserted by section 16 of the Act of 2004) is amended by inserting the following after the definition of “investigation”: “ ‘long-term financial service’ means a financial service where...

Other Questions: Financial Services Sector (18 May 2017)

Eoghan Murphy: It is important to note, in the context of the Deputy's references to the IFSC Clearing House Group, that our offering is a whole of Ireland offering. It is not just about Dublin anymore or a particular geographic location north of the Liffey. We are talking here about IFS 2020. When one looks at the offering in terms of employment, one third of the jobs, which are increasing from 35,000...

Other Questions: Financial Services Sector (18 May 2017)

Eoghan Murphy: I am satisfied with the Central Bank's approach. The bank is an observer on the IFS 2020 joint committee, which I chair and to which I referred earlier. The Central Bank has a responsibility, independent of Government, to make sure that we can manage the changes that are coming as a result of Brexit. I have raised concerns about the capacity for other jurisdictions to compete on level...

Other Questions: Financial Services Sector (18 May 2017)

Eoghan Murphy: The Government is strongly committed to the promotion and development of the financial services industry in Ireland, both in the IFSC and other locations throughout the country. This commitment is illustrated by the launch in March 2015 of the Government’s IFS 2020 strategy. The vision of the strategy is for Ireland to be the recognised global location of choice for specialist...

Ceisteanna - Questions - Priority Questions: Central Bank of Ireland Investigations (18 May 2017)

Eoghan Murphy: As the Deputy is aware, the Central Bank is an independent organisation and it would not be appropriate for me to give it instructions on whether or not to conduct any investigation or to re-open a closed investigation. In March 2014, the Central Bank, concerned about the sale of PPI, published a report on a review of the sale of PPI in Ireland. The focus of the review was where there...

Ceisteanna - Questions - Priority Questions: Central Bank of Ireland Investigations (18 May 2017)

Eoghan Murphy: I thank the Deputy for raising this matter. Of course the Department is concerned with the matter at hand. Officials in the Department are looking at the ruling and they are consulting with the Central Bank with a view to ensuring that consumers have the appropriate level of protection under the legislative framework. The Deputy will also be aware of the Minister's recent experience at a...

Ceisteanna - Questions - Priority Questions: Central Bank of Ireland Investigations (18 May 2017)

Eoghan Murphy: It is important to note the work that the Central Bank already did in this area in relation to the review that it conducted and the report that it published. That led to the refunding of over €71 million to consumers, some 83,500 customers since 1 July 2007. Of course I recognise the concerns raised by the Deputy, and that is why officials from the Department are already studying the...

Insurance Costs: Motion [Private Members] (17 May 2017)

Eoghan Murphy: I thank Deputies for their contributions to the debate. I thank Deputy Michael McGrath for tabling the motion and thereby giving Deputies the opportunity to highlight the examples being raised with them by their constituents every day. I thank the Deputies who helped us to gather information when we were putting together our report in the second half of last year. The Government will...

Equal Participation in Schools Bill 2016: Second Stage [Private Members] (16 May 2017)

Eoghan Murphy: I thank Deputies for their contributions this evening. This is an important and complex issue. The basic game of Government is to use our economic success to create a fair and compassionate society and ultimately to make life a little easier for people. A key part of this is making it easier for parents and children to more easily access local schools that reflect their values and needs....

Minerals Development Bill 2015: Instruction to Committee (16 May 2017)

Eoghan Murphy: I move:That, pursuant to Standing Order 154, it be an instruction to the Select Committee on Communications, Climate Action and Environment that it has power to make provision in the Minerals Development Bill 2015 to prohibit prospecting for mercury and primary mercury mining pursuant to Article 3.3 of the Minamata Convention on Mercury done at Geneva on 19th January, 2013, and to change the...

Seanad: Commencement Matters: Fire Safety Regulations (16 May 2017)

Eoghan Murphy: I thank the Senator for raising this. As he has outlined, it is a serious issue. The Building Control Acts 1990 to 2014 set out a clear statutory framework for construction activity. The 1990 Act provides for the making of building regulations and building control regulations to protect the health, safety and welfare of people in and around buildings. The Second Schedule of the Building...

Seanad: Commencement Matters: Fire Safety Regulations (16 May 2017)

Eoghan Murphy: It must be very disappointing if the response is similar to the one received by a colleague a year ago. I do not think that it is an indication that no work or progress has been done in this area in that time but nevertheless I will raise it with the Department, following the Senator's contribution. He is correct that people should not take the unacceptable risk of not reporting concerns...

Proposed Sale of AIB Shares: Motion [Private Members] (9 May 2017)

Eoghan Murphy: It is the Government's policy that the State will exit its shareholding in Allied Irish Banks and other banking investments over time and in a prudent manner. The taking of these important decisions should not be impacted or influenced by discussions around future capital expenditure because, as the Minister for Finance outlined, these issues are not related. The programme for a...

Topical Issue Debate: Motor Insurance (3 May 2017)

Eoghan Murphy: I thank the Deputy for raising this important issue. The Minister for Finance has responsibility for the development of the legal framework governing financial regulation. Neither the Minister for Finance nor the Central Bank of Ireland can interfere in the provision or pricing of insurance products as these matters are of a commercial nature and are determined by insurance companies based...

Topical Issue Debate: Motor Insurance (3 May 2017)

Eoghan Murphy: The CSO.

Topical Issue Debate: Motor Insurance (3 May 2017)

Eoghan Murphy: The strong message has been sent and the measures are in place and are being worked upon. Applications have been made by new entities to the Central Bank. I do not have the latest numbers but they were in the region of between three and five the last time I got the figures from the Central Bank. It is positive that new entities will be coming into the Irish market. I have to see how that...

Other Questions: Flood Prevention Measures (13 Apr 2017)

Eoghan Murphy: I appreciate the Deputy's commitment to this issue. I was in the House on a previous occasion when it was debated with the Deputy and the Minister of State, Deputy Canny. Of course there is a need for urgency, but we must ensure that the right coastal and flood protection work is carried out. The correct process must be followed in this regard. Fingal County Council has to identify the...

Other Questions: Flood Prevention Measures (13 Apr 2017)

Eoghan Murphy: The Deputy is right about finding the right balance in terms of the need to protect our coastal areas, as well as lives and property. We must proceed on this in the right way. Funding is available for these works to take place but we need to ensure that we are doing the right works. The risk management report showed that the proposed solution may not be the correct one or the best one. I...

Other Questions: Garda Stations (13 Apr 2017)

Eoghan Murphy: On 21 October 2015, the Government launched a Capital Investment Plan for An Garda Síochána for 2016-21. The Capital Investment Plan includes plans which involve the construction of new Garda stations in eight locations, major refurbishment of existing stations and facilities, essential remedial works to certain Garda properties, upgrading and modernising prisoner detention areas...

Other Questions: Garda Stations (13 Apr 2017)

Eoghan Murphy: No.