Results 8,641-8,660 of 15,555 for speaker:Eoghan Murphy

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Cost of Motor Insurance: Minister of State at the Department of Finance (16 Feb 2017)

Eoghan Murphy: Is that a claims underwriting exchange?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Cost of Motor Insurance: Minister of State at the Department of Finance (16 Feb 2017)

Eoghan Murphy: The Department of Justice and Equality has informed us that a working group on the implementation of the new office of the legal cost adjudicators, OLCA, has been established and is commencing its work. The design for the establishment of OLCA will take account of the dataset requirement for this deliverable, which is recommendation No. 22, actions 45 and 46.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Cost of Motor Insurance: Minister of State at the Department of Finance (16 Feb 2017)

Eoghan Murphy: The new office has been established and has commenced its work. The design of this office to take account of the dataset requirement which needs to be deliverable under this recommendation has to take place.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Cost of Motor Insurance: Minister of State at the Department of Finance (16 Feb 2017)

Eoghan Murphy: I am told the office has commenced its work but I do not have any more detail.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Report on Cost of Motor Insurance: Minister of State at the Department of Finance (16 Feb 2017)

Eoghan Murphy: I have an update on each of the recommendations, which will be forwarded to the committee. The ambition was quarterly reporting but because I was appearing before the committee prior to the end of the first quarter, I gathered as much information as I could to date.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Eoghan Murphy: I thank the Deputy. An extensive operation is under way out of the Department working with the IDA, Enterprise Ireland and the Departments of the Taoiseach and Foreign Affairs to make sure financial services entities that currently reside in the UK continue to have access to the Single Market from other locations should they find at the conclusion of the Brexit negotiations that they are...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Eoghan Murphy: I would describe it as "dangerous competition". I have been stressing to people I have met at a political level the importance of a transitional arrangement to protect the security of our financial system in this entire process because the financial architecture we have across Europe underpins day-to-day business, including exporting, businesses getting loans and trade. It is important to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Eoghan Murphy: I have raised this with the Central Bank. My understanding is its officials are aware of it and they have raised it with the ECB but I cannot speak for them and I do not want to put words in their mouths. I am speaking from memory but a meeting might be coming up to discuss some of the elements that have been reported but not confirmed------

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Eoghan Murphy: It is difficult to put a number on the quantity because we are in a changing environment. Some companies have decided to create more jobs in Ireland as a result of Brexit but they will not attribute them to Brexit immediately because they have relationships in other jurisdictions to which they are sensitive. Companies have chosen Ireland as a contingency but they have time to wait until...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Eoghan Murphy: I thank the Deputy for saying that. As he will be aware, currently one third of Ireland's IFS jobs are outside Dublin, so there is already a strong offering. IFS 2020 was developed with industry. I am working with those in the industry on a weekly basis to ensure we are across everything we need to be across. They have been incredibly helpful in terms of intelligence. I have been...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Eoghan Murphy: I was very impressed by the companies I visited in Kilkenny. The great offering Kilkenny has is its proximity to Dublin Airport.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Eoghan Murphy: I have been prioritising the regions since I got the job. I have been to Drogheda twice, I have been to Kilkenny, I have been to Cork twice and I have been to Kerry. I will be in Galway in two weeks and I will be in Limerick the week after that. It is very important to me because I believe there is a real opportunity to correct some of the things we have got wrong in the past such as our...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Eoghan Murphy: I genuinely tried. Maybe it is the signal.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Eoghan Murphy: While I did not catch all of the contribution by the Minister, Deputy Noonan, on this, my understanding is that we have been proactive in this. We have been dealing with the Department of Housing, Planning, Community and Local Government to ensure we can see what has worked in the past for local authority residents and whether it might work in the future for other mortgage holders.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Eoghan Murphy: Absolutely. That is no problem at all.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Eoghan Murphy: That is absolutely understood and the Chairman is right to raise it. Based on conversations I have had with individuals who have been across this for quite a while, as much information as can be provided will be provided. We can provide the committee with a note as well. The Chairman's comments are well put.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Eoghan Murphy: In the previous Dáil we discussed this extensively and we would have had the same view about extending the mandate of the Comptroller and Auditor General to give that office the resources to ensure it could follow the money. We experienced frustration with issues such as the Poolbeg incinerator where we could not get past how the local authority spent that money. Unfortunately, a...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Eoghan Murphy: Can the Chairman remember if the Comptroller and Auditor General was in favour of extending that mandate? I know the local authorities had a problem regarding their mandate to audit their own spending.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Eoghan Murphy: I will certainly engage with the Office of the Comptroller and Auditor General to ascertain its thoughts on that previous legislation and how it might have been changed.

Consumer Insurance Contracts Bill 2017: Second Stage [Private Members] (9 Feb 2017)

Eoghan Murphy: I repeat that the Government welcomes the Private Members’ Bill. It is in line with the Government priorities in our focus on the insurance area to date. Much work has already been done recently by the Minister for Finance, Deputy Noonan, relating to the review of the framework for motor compensation and the publication of that review. A transposition of Solvency II is taking place....