Results 10,061-10,080 of 35,575 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues in Ireland: Central Bank (15 Dec 2020)

Pearse Doherty: Let me acknowledge that point. The bank included them in the examination but when it examined them, it did not come to the conclusion they should have been awarded a tracker mortgage. Is that correct? That is what AIB was also arguing, including right through its appeals process. That was then overturned by the Financial Services and Pensions Ombudsman. That is the core of the issue. ...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues in Ireland: Central Bank (15 Dec 2020)

Pearse Doherty: I am quite alarmed by what I hear from the Central Bank. Ms McEvoy spoke of an informed view and I am sure it was, but does she acknowledge it was the wrong view and that the bank came up with the wrong conclusion? She referred to different criteria the Financial Services and Pensions Ombudsman can take into account but at the core of this was the question of whether these individuals...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues in Ireland: Central Bank (15 Dec 2020)

Pearse Doherty: What about the 1,100 customers? How did the bank miss those? Three months later, in July, AIB announced its subsidiaries, EBS and Haven, also took money. At the core of this is overcharging and entitlement to a tracker mortgage. Those subsidiaries deducted money from people's bank accounts that they had no right to do because these individuals had a right to a tracker mortgage. Some...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues in Ireland: Central Bank (15 Dec 2020)

Pearse Doherty: I will move on from that issue. I ask the Central Bank to update its final report. We know there are at least another 7,000 victims and more money has been paid out. I ask the witnesses to update the bank's report. I wish to ask about the accountability regime. Mr. Sibley has mentioned this in his opening statement for the past three years and it is three years since the bank has...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues in Ireland: Central Bank (15 Dec 2020)

Pearse Doherty: I appreciate that. Finally, I wish to ask about a case with which Mr. Sibley may be familiar. A letter related to it was shared on social media platforms. It involves a loan that was sold by Ulster Bank to the vulture fund, Promontoria Scariff. It was a loan about which there was engagement with Ulster Bank until June last year. There was an expectation of an arrangement being entered...

Finance (Miscellaneous Provisions) Bill 2020 [Seanad]: Committee and Remaining Stages (10 Dec 2020)

Pearse Doherty: On section 11, I want to talk about consecutive terms of appointment to the IFAC. This should not be happening. The members of the council have done an excellent job, including the reports they give to the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach, of which I am a member. We differ on some issues and agree with others; that is the nature of it. The council...

Finance (Miscellaneous Provisions) Bill 2020 [Seanad]: Committee and Remaining Stages (10 Dec 2020)

Pearse Doherty: Okay.

Finance (Miscellaneous Provisions) Bill 2020 [Seanad]: Committee and Remaining Stages (10 Dec 2020)

Pearse Doherty: May I make my final point so that we can save time on this issue?

Finance (Miscellaneous Provisions) Bill 2020 [Seanad]: Committee and Remaining Stages (10 Dec 2020)

Pearse Doherty: Let me make the point; I have just one more sentence to say. Nothing is preventing them from being reappointed for further terms, but we need to have a break. We need to replenish the board members to retain freshness. It is a crucial body. This amendment is wrong.

Finance (Miscellaneous Provisions) Bill 2020 [Seanad]: Committee and Remaining Stages (10 Dec 2020)

Pearse Doherty: The Government should be able to appoint suitable people-----

Finance (Miscellaneous Provisions) Bill 2020 [Seanad]: Committee and Remaining Stages (10 Dec 2020)

Pearse Doherty: -----without the need for somebody being appointed three times in a row.

Finance (Miscellaneous Provisions) Bill 2020 [Seanad]: Committee and Remaining Stages (10 Dec 2020)

Pearse Doherty: I beg the indulgence of the Leas-Cheann Comhairle. I know leeway has been given. This debate has gone very quickly. Perhaps we could allow a few minutes to hear a response on this issue and then we will be finished.

Finance (Miscellaneous Provisions) Bill 2020 [Seanad]: Committee and Remaining Stages (10 Dec 2020)

Pearse Doherty: I do not think anybody will object if the Minister of State goes over time for a couple of-----

Finance (Miscellaneous Provisions) Bill 2020 [Seanad]: Committee and Remaining Stages (10 Dec 2020)

Pearse Doherty: I hear what the Minister of State is saying and the position he has outlined is reasonable. There is, however, an issue with regard to human nature. We see this in different organisations. In most organisations, it is difficult to get someone to stand forward and take on a role, such as the role of director. There are other rare occasions on which someone is trying to get somebody elected...

Finance (Miscellaneous Provisions) Bill 2020 [Seanad]: Committee and Remaining Stages (10 Dec 2020)

Pearse Doherty: I move amendment No. 7: In page 11, between lines 12 and 13, to insert the following:“(4) A proxy shall not be entitled to act as a proxy on behalf of more than one person.”. This amendment is in connection with the issue of proxy votes. The Minister of State heard my comments earlier about concerns raised by some sections of the credit union movement. Proxy voting is a...

Finance (Miscellaneous Provisions) Bill 2020 [Seanad]: Committee and Remaining Stages (10 Dec 2020)

Pearse Doherty: I move amendment No. 3: In page 5, line 33, to delete ", whether before or".

Finance (Miscellaneous Provisions) Bill 2020 [Seanad]: Committee and Remaining Stages (10 Dec 2020)

Pearse Doherty: I mentioned this issue on Second Stage. Amendment No. 3 relates to a matter Deputy Nash and I have raised concerning pre-voting. The legislation does not refer to post but rather to electronic means. I wish to focus on one core part of the issue. The amendment is to delete the words ",whether before or", which would not allow for pre-voting. I know the Minister of State may say this...

Finance (Miscellaneous Provisions) Bill 2020 [Seanad]: Committee and Remaining Stages (10 Dec 2020)

Pearse Doherty: As I said, we support the legislation. There has been engagement in the House but there has also been engagement with the Department regarding the concern about proxy voting. It goes against the stated intention of the movement. There are issues with Covid and the facilitation of online AGMs, but I will take that out of the equation because we are not concerned about that. There will be...

Finance (Miscellaneous Provisions) Bill 2020 [Seanad]: Committee and Remaining Stages (10 Dec 2020)

Pearse Doherty: That clarification is very important. The Minister of State is saying that according to the knowledge of the Department and the Minister, none of the credit unions currently has this in the rules. As I said, many are opposed to this. Therefore, there will be no AGM this year that will allow for proxy voting. There may be an AGM that would have a motion to change the rules to allow for...

Finance (Miscellaneous Provisions) Bill 2020 [Seanad]: Second Stage (10 Dec 2020)

Pearse Doherty: Táim iontach buíoch as an deis chun labhairt ar an mBille seo. Tuigimid uilig trasna na bpáirtithe an tábhacht a bhaineann leis na comhair chreidmheasa agus an obair atá á dhéanamh acu ar fud an oileáin. Tá sé sin cloiste agam na céadta uair. Tá tacaíocht faighte acu ó Shinn Féin agus ó Theachtaí trasna na...