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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion (15 Jul 2014)

Ciarán Lynch: We seem to get a good deal in Ireland.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion (15 Jul 2014)

Ciarán Lynch: That is more or less the case in every European state.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion (15 Jul 2014)

Ciarán Lynch: That just means we are better at squeezing producers than other jurisdictions. The price of a pint is still relatively cheap compared with other jurisdictions and the Irish taxpayer does well from the arrangement.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion (15 Jul 2014)

Ciarán Lynch: I call on Mr. Cribben to make his opening statement.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion (15 Jul 2014)

Ciarán Lynch: I call on Ms Mary Rose Burke to make her opening statement.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion (15 Jul 2014)

Ciarán Lynch: We will now proceed to No. 4 on the agenda, session 1 of pre-budget submissions, a round-table discussion on the economy and taxation. I welcome Dr. Nat O’Connor, director, Think-tank for Action on Social Change, TASC, Mr. Ian Talbot, chief executive, Chambers Ireland; Mr. Padraig Cribben, board member, Drinks Industry Group of Ireland, DIGI; and Ms Mary Rose Burke, director of...

Written Answers — Department of Jobs, Enterprise and Innovation: Work Permit Appeals (10 Jul 2014)

Ciarán Lynch: 87. To ask the Minister for Jobs, Enterprise and Innovation when a determination will be made on an appeal for a work permit in respect of a person (details supplied); if any further information is required to assist the application; and if he will make a statement on the matter. [30549/14]

Written Answers — Department of Health: Medical Card Reviews (10 Jul 2014)

Ciarán Lynch: 188. To ask the Minister for Health the reason a financial statement regarding a medical card has not issued to a person (details supplied) in County Cork some eight weeks after the decision, thus preventing an appeal; and if he will make a statement on the matter. [30474/14]

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Business of Select Sub-Committee (9 Jul 2014)

Ciarán Lynch: As we have a quorum, we can commence. I propose an immediate suspension of the meeting until the Report Stage proceedings on the National Treasury Management Agency (Amendment) Bill in the Dáil have concluded. We cannot commence our deliberations on Committee Stage of the Betting (Amendment) Bill until the Minister of State at the Department of the Environment, Community and Local...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)

Ciarán Lynch: The difficulty with Mr. MacDonncha's response is that to score a point one must get the ball over the bar. However one can score a point like Ronan O'Gara and put it 13 metres over the bar. In some jurisdictions the ball is put over the bar a great deal higher. Industry unfortunately will just get the ball over the bar in some jurisdictions when one has a global or universal system. The...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)

Ciarán Lynch: I think the issue is not about the regulation but about the standard of the regulation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)

Ciarán Lynch: There will be a vote in three or four minutes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)

Ciarán Lynch: Let me summarise. It is not an allegation that a company has engaged in a criminal or negligent matter but the issue is that the prudential requirements vary from area to area. Because of the prudential difference, the exposure in one area is greater than in another. Both Mr. Casey and Mr. Sheridan say it is the issue of harmonisation across the European jurisdiction to ensure that it does...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)

Ciarán Lynch: I thank the officials from the Department of Finance and the representatives from the Central Bank for coming before us today and for briefing the committee informatively on an issue of important interest. As there is no other business, we will adjourn.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)

Ciarán Lynch: I will bring in Deputy Boyd Barrett on his supplementary. Is there some sort of consumer interface with the Setanta customers in this situation? Is a particular hotline in place for them or are they just searching on the Internet?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)

Ciarán Lynch: In writing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)

Ciarán Lynch: To help Deputy Boyd Barrett, the safety net is the same regardless of who owns the company, but the risk of falling into a safety net seems to vary from jurisdiction to jurisdiction because prudential management varies from one to the other. I suppose the top-line concern here is that, as Deputy Boyd Barrett indicates, if I buy a product in the morning, I might be getting the same windscreen...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)

Ciarán Lynch: Deputy Higgins has already been in. Mr. Sheridan can answer the question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)

Ciarán Lynch: To keep the meeting going, I will give the members as much time as they wish if Deputy Boyd Barrett is willing to pair with me on the vote. I will let Deputy Pearse Doherty ask a supplementary if he wishes to do that. Otherwise, I will suspend the meeting.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)

Ciarán Lynch: We will let Deputy Doherty in with one supplementary and then pair off and conclude the meeting.

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