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Joint Oireachtas Committee on Jobs, Enterprise and Innovation: IBEC and Science Foundation Ireland: Discussion (3 May 2023)

Marie Sherlock: I thank Science Foundation Ireland and IBEC for attending the hearing this morning. I am sorry that I have come late to the hearing here. I have quite a narrow and specific question. The question relates to apprenticeship and I suppose it is very much directed to IBEC. I would say at the outset it is incredible to think that we have such a surplus in the National Training Fund. There...

Seanad: Nithe i dtosach suíonna - Commencement Matters: Vehicle Testing (19 Apr 2023)

Marie Sherlock: I thank the Minister of State for taking this Commencement Matter today. It is timely, particularly in the context of the memorandum to Cabinet yesterday regarding the demand management strategy regarding traffic and managing congestion in the biggest urban centres in this country. It is particularly timely because one of the effects of SI 475 of 2022, which was set down by the Department...

Seanad: Nithe i dtosach suíonna - Commencement Matters: Vehicle Testing (19 Apr 2023)

Marie Sherlock: I thank the Minister of State for the reply. We still do not have a technical explanation as to why there is a requirement for a drive through. I ask the Minister of State to ask the RSA and the Department for that technical explanation. Jobs will be lost because of this. We will have a crazy situation whereby commercial vehicles will be in use for longer periods and will release more...

Seanad: Mother and Baby Institutions Payment Scheme Bill 2022: Second Stage (19 Apr 2023)

Marie Sherlock: I very much welcome the fact we are debating Second Stage of the Bill and will for a moment focus on its many positives. I am conscious, as many of us are, of the significant work the Minister has undertaken to get it to where it is. My good friend Mags McKinney is with us in the Gallery today. Her mother, Rose, was a resident in the Tuam mother and baby home on two separate occasions....

Seanad: An tOrd Gnó - Order of Business (18 Apr 2023)

Marie Sherlock: I thank the Cathaoirleach for his warm tribute to former Labour Senator Pat Magner. He was a Corkonian but he very much made Dublin his home. He was a three-time Senator and made an enormous contribution to the Labour Party. It is certainly a huge loss for the party, with the years of commitment he brought to it. I offer our sincere sympathies to Mr. Magner's wife Anne and their children,...

Seanad: An tOrd Gnó - Order of Business (22 Mar 2023)

Marie Sherlock: A fortnight ago we all learned about the 58 schools that are having construction projects effectively put on hold. We have never had a full list or a precise set of criteria for why those projects have been put on hold. In recent days we learned some schools are being told they are no longer on the list, while others have got no phone call at all, save the original call to say a particular...

Seanad: An tOrd Gnó - Order of Business (8 Mar 2023)

Marie Sherlock: I wish everybody a happy International Women’s Day. Ba mhaith liom mo dhlúthpháirtíocht a chur in iúl do mhná na hÉireann agus trasna an domhain. Is Seachtain na Gaeilge, nó coicís na Gaeilge, é chomh maith agus is mór an tábhacht a bhaineann lenár gcuid Gaeilge a úsáid agus ár dteanga dhúchais a...

Seanad: International Women's Day: Statements (8 Mar 2023)

Marie Sherlock: I will be brief.

Seanad: International Women's Day: Statements (8 Mar 2023)

Marie Sherlock: I thank the Minister for coming to the Chamber. It is very important, in celebrating the progress made by women for women in this country, that we also acknowledge the Minister's role in that. I will comment on some of that progress shortly. Just as important, we need to reflect on the enormous challenges women in this country have been facing for a long time. Thousands of women are...

Seanad: International Women's Day: Statements (8 Mar 2023)

Marie Sherlock: I understand. The six minutes-----

Seanad: International Women's Day: Statements (8 Mar 2023)

Marie Sherlock: Okay. Tá brón orm. The point is that in the Gender Pay Gap Information Act - this is the amendment that we would like to see happen over the next year - we do not have comparison between full-time and part-time pay. Unless we have that, we will not make further progress in closing that gap over the coming period.

Seanad: Good Friday Agreement and Windsor Framework: Motion (8 Mar 2023)

Marie Sherlock: I welcome the Minister of State. I thank our Sinn Féin colleagues for bringing this motion. It is important to mark the Windsor Framework agreement and the upcoming 25th anniversary of the Good Friday Agreement. The Windsor Framework takes place in the context of increasing unrest, particularly among workers, in the North. It is striking that Northern Ireland Housing Executive...

Seanad: Good Friday Agreement and Windsor Framework: Motion (8 Mar 2023)

Marie Sherlock: The House stands adjourned until 9.30 a.m. tomorrow in accordance with the order of the Seanad today.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Marie Sherlock: Thank you, Chair, for putting on this additional session today the committee. I thank AIB and Mr. O'Keeffe and his team for coming here. The reason this hearing is so important is that AIB remains a bank with a majority State stake and we, as the State and as taxpayers, have little or no transparency as to the type or scale of write-downs it offers to its customers. We heard very clearly...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Marie Sherlock: I appreciate that, and I do not mean to interrupt, but, clearly, if somebody's home has been repossessed and he or she still owes more than 10% to the bank, while others are getting to hold onto their homes and having 90% of their debt written off, that is a very stark picture. I would think that the eight situations are probably burnt into their brains. They should be in that the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Marie Sherlock: Yes, I appreciate that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Marie Sherlock: I echo the calls made earlier in respect of the profile of the 1,900 and whether they are for the most part people with multiple assets or whether they are just ordinary mortgage holders. The public very much needs to understand that profile, and we look forward to the detail the witnesses will furnish to the committee. Mr. O'Keeffe has spoken about policies being consistently applied. I...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Marie Sherlock: Do the witnesses accept that there is a perspective that people with much smaller debts feel they have to get the protection of the personal insolvency process, while those with much larger debts can individually negotiate with the bank and get an individual write-down? Do they accept that this perspective is out there?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Marie Sherlock: What is the bank's policy on working with unregulated financial negotiators or intermediaries, particularly in the context of non-personal insolvency situations? I think the latter is the best way to define them. Does AIB engage with unregulated negotiators on behalf of the lender? What is the bank's policy in this regard?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Debt Write-down and Debt Resolution Policies: Allied Irish Banks (2 Mar 2023)

Marie Sherlock: I appreciate that, but a market has now developed in the context of what I might call unregulated financial advisers. The latter attempt to mediate with banks regarding debt and to negotiate individual write-downs. I am very concerned that AIB, as a regulated entity, would engage with any unregulated entity in that write-down process.

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