Results 10,081-10,100 of 26,465 for speaker:John McGuinness

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (23 Mar 2017)

John McGuinness: Before proceeding to discuss the credit union sector, I record in public session the decision taken by the committee on EU proposals. They concerned schedule B proposals and the committee agreed the following did not warrant further scrutiny: COM (2017) 61, COM (2017) 64, COM (2017) 65, COM (2017) 79 and COM (2017) 93. Details of the committee's decision made relating to EU proposals are...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: We are now dealing with No. 8, the overview of the credit union sector and review of implementations of recommendations and the Commission on Credit Unions report, the credit union advisory committee report 2016. Mr. Des Carville and Ms Deirdre Aherne are very welcome to the meeting. I ask members and those present to please turn off their mobile phones. By virtue of section 17(2)(l) of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: Perhaps Ms Aherne could clarify some matters from the Department's opening statement. It was said that "the Department's role is the provision of high quality information, advice and analysis on credit union policy matters to the Minister and to oversee and implement policy and legislation relevant to the credit union sector." In the context of the existing legislation can the witness tell...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: Ms Aherne is saying existing legislation is alright because it was agreed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: Is there any legislation Ms Aherne feels needs to be brought forward to deal with any issues that have arisen in the credit unions?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: Ms Aherne mentioned the word "flexible" in connection with the powers Government gave the regulator to regulate credit unions. Does she believe in the context of the issues being raised now by the credit unions that the regulation is flexible enough for the regulator to be able to address the different issues?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: I am trying to determine the powers of the regulator to introduce regulation. That is not necessarily out of new legislation. The regulator regulates as he or she sees fit. That does not need legislation or change. Is that right?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: Is the tiered regulation we spoke about a matter for the regulator entirely?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: Is the tiered regulation we spoke about earlier a matter entirely for the regulator?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: That is what the regulator wanted to do.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: The way things stand at present is the regulator empowered to bring in a tiered regulation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: The regulator can do that, regardless.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: That is what I wanted to know. Mr. Carville made apologies for Mr. Corr. What is on in Brussels?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: I would have thought it would be important for him to be here.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: I share Deputy Sherlock's view of that matter. The following is part of Mr. Carville's opening statement: "CUAC also recommended that an implementation group be established for a specified period of time to oversee and monitor implementation of those recommendations". Is he happy with the implementation of the recommendations?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: With no disrespect to Mr. Carville or the Department, his opening statement this morning it does not address the issues we were dealing with yesterday. It mentions overview, reports, implementation groups. If I was running a business the witnesses would be the last people I would want to deal with because the credit unions have a view that they have a contribution above and beyond what they...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: Is Mr. Carville saying he did not have time?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: It could have been changed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: Mr. Carville could change it. He could use the opportunity to answer the questions. That would be a help. He could then expand on the questions asked and give the committee the information which he knows concerns the credit unions. The regulator will be appearing before this committee next. I will not be getting on the merry-go-round with either the Department of Finance or the regulator...