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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Gerry Horkan: What percentage is it? Does Mr. McLoughlin have any figures?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Gerry Horkan: To move on to another issue, the Central Bank mortgage rules were implemented and were the subject of a degree of controversy. It can certainly be argued that the rules kept a lid on property prices in certain parts of Dublin at least where the relative rate of increase that might otherwise have been there was suppressed. Does Mr. McLoughlin have any particular thoughts on relaxing the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Gerry Horkan: I thank Mr. McLoughlin for that. I was a local authority member for 12 and a half years in the Stillorgan area and my branch is in Belfield, which became Montrose. Cherrywood is an area with which I am very familiar. My view is that the supply of affordable houses for younger people in those areas is crucial. There are an awful lot of Bank of Ireland people living in my area and the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Gerry Horkan: An argument is put forward that these customers who get cash back are being subsidised by everyone else. What is Mr. McLoughlin's response to that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Gerry Horkan: Why would anyone go for a variable rate that is almost 50% more expensive? It is perhaps 3% and 4.5%. Why do 12% of new borrowers go with variable?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Gerry Horkan: I said that was the reason 88% were on fixed rates. Why are 12% of customers on variable rates?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Gerry Horkan: I thank Mr. McLoughlin.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Gerry Horkan: It was asked but it was not overly satisfactorily answered, to be fair.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Gerry Horkan: I thank the Chairman.

Seanad: Financial Services and Pensions Ombudsman Bill 2017: Committee and Remaining Stages (20 Jul 2017)

Gerry Horkan: I welcome the passing of the Bill and I thank the Minister of State. Less than two weeks ago we did not have one of these Bills and now we have two of them, being the Sinn Féin Bill from last week and the Government Bill of this week. This Bill supersedes and ultimately replaces most of what was in the Sinn Féin Private Members' Bill from last week. That is not to say that it was...

Seanad: Asian Infrastructure Investment Bank Bill 2017: Committee and Remaining Stages (20 Jul 2017)

Gerry Horkan: We had a very good Second Stage debate on Tuesday about this matter and a very detailed Committee Stage analysis in the Committee on Finance, Public Expenditure and Reform, and Taoiseach when the Minister of State himself was a member of it, along with Senator O'Donnell and me as Vice Chairman. We have looked into this and it is a good idea to be involved in it. It is estimated that our...

Seanad: National Shared Services Office Bill 2016: Committee and Remaining Stages (20 Jul 2017)

Gerry Horkan: I thank the Minister of State and his staff for the work involved. I wish the office well. We had a good Second Stage debate on this Bill. It came to the committee as well. It makes sense for expertise to be centralised in one area. Hopefully that will be the case. We have plenty of staff here. It looks like the Fine Gael Members had more vocal concerns than the rest of us today, but I...

Seanad: National Shared Services Office Bill 2016: Committee and Remaining Stages (20 Jul 2017)

Gerry Horkan: I did not mention the word "quango" and it is probably a bit of a sensitive word. I am sure if we were to look back at the 145 bodies that were identified in 2011 by Fine Gael, many of them-----

Seanad: National Shared Services Office Bill 2016: Committee and Remaining Stages (20 Jul 2017)

Gerry Horkan: -----might not fit the criteria to be redefined as a quango under the Minister's direction either. I welcome the Minister of State and I congratulate him on his new appointment. He is getting on very well, from what I can see, in his new Department with his new senior Minister with whom I do not doubt he has a wonderful relationship. It is the last sitting of the Seanad in this Chamber...

Seanad: National Shared Services Office Bill 2016: Committee and Remaining Stages (20 Jul 2017)

Gerry Horkan: But look at you now.

Seanad: Independent Reporting Commission Bill 2017: Second Stage (19 Jul 2017)

Gerry Horkan: I welcome the Minister, Deputy Charles Flanagan, to the House.

Seanad: Independent Reporting Commission Bill 2017: Second Stage (19 Jul 2017)

Gerry Horkan: I call the Minister to reply to the debate.

Seanad: Independent Reporting Commission Bill 2017: Second Stage (19 Jul 2017)

Gerry Horkan: When is it proposed to take Committee Stage?

Seanad: Independent Reporting Commission Bill 2017: Second Stage (19 Jul 2017)

Gerry Horkan: Is that agreed? Agreed.

Seanad: Intoxicating Liquor (Amendment) Bill 2017: Committee and Remaining Stages (19 Jul 2017)

Gerry Horkan: Amendments Nos. 1 to 6, inclusive, are related and may be discussed together by agreement.

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