Results 9,301-9,320 of 16,537 for speaker:Brian Lenihan Jnr

Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)

Brian Lenihan Jnr: I will answer the Deputy's question in two parts. First, with regard to the immediate steps, the Financial Regulator will recruit an additional 20 senior supervisory staff with banking experience to be placed on site in key banks to monitor developments. I referred in the course of the debate to the fact that it is quite easy to recruit good people at present. The Financial Regulator also...

Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)

Brian Lenihan Jnr: I am shocked.

Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)

Brian Lenihan Jnr: I am amenable to allowing Members conclude their contributions.

Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)

Brian Lenihan Jnr: I understand I am not replying to the debate but to the questions.

Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)

Brian Lenihan Jnr: The scheme allows us to revise the charge.

Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)

Brian Lenihan Jnr: At present.

Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)

Brian Lenihan Jnr: There is no problem with getting pitbulls as the moment. There are plenty of them around.

Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)

Brian Lenihan Jnr: Is the Deputy in the same yacht club?

Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)

Brian Lenihan Jnr: We did not suggest that.

Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)

Brian Lenihan Jnr: It is the other Deputy Lenihan.

Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)

Brian Lenihan Jnr: I move: That Dáil Éireann approves the terms of the draft scheme entitled Credit Institutions (Financial Support) Scheme 2008, a copy of which draft scheme was laid before Dáil Éireann on 15 October 2008. This draft scheme is being presented to the House under Section 6(5) of the Credit Institutions (Financial Support) Act 2008. The legislation was enacted on 2 October 2008 following...

Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)

Brian Lenihan Jnr: The provision of the guarantee in the first instance and the access to liquidity that it has provided for our banks and building societies is an important benefit in ensuring that finance is available and affordable in the economy. As Minister for Finance, I will be entitled under the scheme to recoup such amounts from the covered institution and may direct the covered institution concerning...

Financial Resolution No. 15: (General) Resumed (16 Oct 2008)

Brian Lenihan Jnr: The Deputy should be careful about the accuracy of media reports.

Written Answers — Icelandic Investments: Icelandic Investments (16 Oct 2008)

Brian Lenihan Jnr: In response to the Deputy's question none of the bodies under the remit of my Department have funds invested in Icelandic financial products.

Written Answers — Tax Code: Tax Code (16 Oct 2008)

Brian Lenihan Jnr: As the Deputy is aware, the fuel duty rebate is to be withdrawn with effect from 1 November 2008 following the ending of a special derogation under the EU Energy Tax Directive 2003. A similar situation affects all Member States who had derogations under the Directive. The Department of Transport and other relevant Departments, in conjunction with my Department, have examined and considered...

Written Answers — Strategic Development Zones: Strategic Development Zones (16 Oct 2008)

Brian Lenihan Jnr: Under Part IX of the Planning and Development Act 2000, the Government may by Order, on foot of a proposal from the Minister for the Environment, Heritage and Local Government, designate a site or sites as a Strategic Development Zone (SDZ) to facilitate development which is considered, in the Government's opinion, to be of economic or social importance to the State. I understand that...

Written Answers — Appointments to State Boards: Appointments to State Boards (16 Oct 2008)

Brian Lenihan Jnr: In response to the Deputy's question the persons appointed under the Public Services Management (Recruitment and Appointments) Act 2004 and the Central Bank and Financial Services Authority of Ireland Act 2004 were appointed in accordance with the relevant statutory provisions outlined in the Acts.

Written Answers — Banking Sector: Banking Sector (16 Oct 2008)

Brian Lenihan Jnr: The figure referred to by the Deputy was compiled on the basis of published audited annual financial statements for the institutions concerned for 2007. The relevant figures for covered liabilities are now being updated for end-September 2008 in the context of the guarantee charging model included in the draft Scheme laid before both Houses of the Oireachtas on 15th October 2008. In...

Written Answers — Pension Provisions: Pension Provisions (15 Oct 2008)

Brian Lenihan Jnr: Budget and Finance Act 2006 introduced a maximum allowable pension fund on retirement for tax purposes. A limit of €5 million was placed on the total capital value of pension benefits that an individual can draw upon in their lifetime from tax-relieved pension arrangements. This is known as the Standard Fund Threshold (SFT). A higher limit (the Personal Fund Threshold — PFT) was also...

Written Answers — Departmental Contracts: Departmental Contracts (15 Oct 2008)

Brian Lenihan Jnr: Since 2000, no contracts have been awarded to the company in question by my Department or bodies under the aegis of my Department.