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Seanad: Order of Business (20 Dec 2012)

Paul Coghlan: No. Let us be honest, the people to whom I refer are surplus to requirements.

Seanad: Order of Business (20 Dec 2012)

Paul Coghlan: I have no doubt that the late Brian Lenihan, God be good to him, had very good intentions when he appointed these people. However, there is nothing to distinguish them from others. We thrashed this matter out with Mr. Ray MacSharry yesterday - who meant well and who provided a good overview - and Ms Margaret Hayes. There is a need for fewer directors within these institutions and we...

Seanad: Order of Business (20 Dec 2012)

Paul Coghlan: I am simply explaining, for the benefit of all Senators, that the boards of these institutions rule by consensus. Everything is governed by loyalty.

Seanad: Order of Business (20 Dec 2012)

Paul Coghlan: Mr. Ray MacSharry did not appreciate it when I informed him, with respect, that public interest directors are as useful as paps on a bull.

Seanad: Order of Business (20 Dec 2012)

Paul Coghlan: I am good at pulling fast ones.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Paul Coghlan: I only need a minute as I must attend in the Seanad. The core issues have been raised by the Chairman and Deputy Michael McGrath and answered by Mr. MacSharry and Ms Hayes, who I welcome to the joint committee and thank for their outline submissions. All directors are equally bound by company law and corporate governance requirements. Both witnesses explained themselves as non-executive...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Paul Coghlan: I do not. The Chairman and Deputy Michael McGrath put the questions I had in mind.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)

Paul Coghlan: I did not mean any disrespect to the witnesses who are good people. My point is that there is no difference among the different types of director. The institution would be run just as well with two fewer directors. There was a flaw in the appointments. We do not need the public interest directors.

Seanad: Order of Business (19 Dec 2012)

Paul Coghlan: NAMA operates within the law.

Seanad: Order of Business (19 Dec 2012)

Paul Coghlan: I have no links with NAMA, if that is what the Senator is implying.

Seanad: Order of Business (19 Dec 2012)

Paul Coghlan: I am not. The Senator ought to put up or shut up.

Seanad: Order of Business (19 Dec 2012)

Paul Coghlan: All of them are honourable.

Seanad: Order of Business (19 Dec 2012)

Paul Coghlan: It is 4%.

Seanad: Order of Business (19 Dec 2012)

Paul Coghlan: That is the very point I was going to raise. This 4% increase on the so-called clear credit card and 2% on the so-called classic card is a predatory strike. It is an ambush of the customer at this time. People are caught for cash when doing their Christmas shopping and, as they are using their cards, they will run up big bills. This is a crippling interest rate hike that is uncalled for,...

Seanad: Order of Business (18 Dec 2012)

Paul Coghlan: Senator O'Brien is a model of decorum and he should understand that it is an abuse of privilege. Senator Daly must either put up or shut up. He cannot come into this House and make the outrageous allegations that were made here last week regarding former officials of HSBC being employed by NAMA, which is unfounded, that one of them left and that a lucrative contract was awarded to a firm he...

Seanad: Order of Business (18 Dec 2012)

Paul Coghlan: I concur fully with the remarks of Senators O'Donovan and O'Sullivan on the appalling shootings and murder in the school in Connecticut. I echo the Senators' remarks on the sad passing of that great character Páidí Ó Sé, who was always so full of wit and humour and who was wonderful company. The Cathaoirleach played against him in a famous game in the 1970s. I think the Cathaoirleach...

Seanad: Order of Business (13 Dec 2012)

Paul Coghlan: Yesterday, Senator Ó Domhnaill made outlandishly outrageous allegations about the National Asset Management Agency, NAMA. Before Members speak on any matter in the House, particularly those relating to State institutions, they should at least make the proper checks. From what I have ascertained, no former HSBC official is employed by NAMA. He further alleged that of two former senior...

Seanad: Order of Business (13 Dec 2012)

Paul Coghlan: -----one had managed to have his company awarded a lucrative contract. This is totally untrue and unfounded. I remind Members that we have a duty, as legislators, to check the facts and to exercise more caution and less haste in levelling criticism such as this. I support the calls, as I have done on a number of occasions previously, for an official inquiry into the murder of Pat Finucane....

Seanad: Order of Business (12 Dec 2012)

Paul Coghlan: That is a good point.

Seanad: Order of Business (12 Dec 2012)

Paul Coghlan: I think you were in power.

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