Results 901-920 of 4,810 for speaker:Liam Twomey
- Social Welfare and Pensions Bill 2014: Second Stage (Resumed) (5 Jun 2014)
Liam Twomey: The next speaker is Deputy Finian McGrath, who is sharing time Deputies Mattie McGrath and Boyd Barrett.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)
Liam Twomey: That was for Deputy Boyd Barrett, who hankers for the good old days. People will have to turn up next time in pinstripe suits.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)
Liam Twomey: The approach we have to regulation is a balancing act. That has been discussed by Deputy Boyd Barrett in the context of prudential matters. We should also point out that funding is cheaper and the economy referred to is one of the wealthiest in the world. None of us wants to go back to bowler hats and pinstripe suits and all of the restrictions that used to exist, which were not good for...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)
Liam Twomey: Is Mr. Gilvarry saying regulations governing shadow banking and rehypothecation have been strengthened significantly internationally?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)
Liam Twomey: Essentially, all we are doing is regulating international funds in Ireland.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)
Liam Twomey: It is in the context of the European model. Mr. Carrigan noted that in the US 80% of the funding is used for government bonds.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)
Liam Twomey: How do the bonds operate differently between Europe and America? These markets seem to provide only 11% of government funding in Europe. Are they operating something similar on both sides of the Atlantic?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)
Liam Twomey: Business funding in America is more reliant on shadow banking as opposed to the regular banks. Have problems arisen as a result?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)
Liam Twomey: Essentially, these are low-risk funds.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)
Liam Twomey: They are structured in such a way that they have low regulation and there is a low cost to running them. They also give a low return to the investor. That is essentially the way they are structured.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)
Liam Twomey: Why are we so successful in managing these funds in Ireland? What attracts the funds here?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)
Liam Twomey: Most of the money market funds in this country are very low-risk. Should we be concerned about higher risks in other areas of shadow banking? Reference was made to the connection between some of these funds and the larger banks. Is there a concern about the ratio of the deposits in these banks to the money passing through the less regulated shadow banking sector?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)
Liam Twomey: A former member of this committee constantly reminded us of the problem of rehypothecation. Is this linked to shadow banking? Mr. Carrigan must have heard about it, given that we have heard it on at least 20 occasions. We thought the former member had extended his expertise to the Central Bank, but he must have not done so.
- Joint Oireachtas Committee on Health and Children: Help us to Help More Campaign: Irish Medical Organisation (27 May 2014)
Liam Twomey: I was at a meeting on global taxation when I overheard some of the discussion. The primary care reimbursement service is not working as it should work. Senator Colm Burke indicated he had received figures from the PCRS, while Dr. Walley and Dr. Duffy stated they are seeing a reduction in the number of people with medical cards. There has been a significant reduction in the number of people...
- Joint Oireachtas Committee on Health and Children: Help us to Help More Campaign: Irish Medical Organisation (27 May 2014)
Liam Twomey: Comments have been made to the PCRS for some time. If the committee wishes to get involved in this issue, it should take a more robust approach. For example, members should visit the PCRS office regularly to ask why issues are not being addressed. I have been dealing with the primary care reimbursement scheme since it was established. The medical card process has become more chaotic for...
- Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)
Liam Twomey: That does not apply to territories like the Cayman Islands or Barbados. Do they have that same agreement with most other countries?
- Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)
Liam Twomey: Some countries like the United Kingdom and the United States were critical of our position. They would almost have jurisdiction over some of these islands. Did they seek the same information about which we are talking?
- Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)
Liam Twomey: I presume Mr. Keegan is referring to the UK in that instance.
- Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)
Liam Twomey: Did the UK parliamentary committee hearings on taxation make any significant recommendations?
- Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)
Liam Twomey: If we took a unilateral approach to taxation policy, would that damage our ability to attract foreign direct investment?