Results 10,781-10,800 of 12,886 for speaker:Paul Coghlan
- Seanad: Order of Business (2 Oct 2008)
Paul Coghlan: He may have a different radar.
- Seanad: Business of Seanad (1 Oct 2008)
Paul Coghlan: With respect, the Leader was about to respond to Senator Fitzgerald's suggestion.
- Seanad: Business of Seanad (1 Oct 2008)
Paul Coghlan: Perhaps the Leader was about to respond to Senator Fitzgerald.
- Seanad: Business of Seanad (1 Oct 2008)
Paul Coghlan: We need to hear the reasoning.
- Seanad: Business of Seanad (1 Oct 2008)
Paul Coghlan: Do we know what was agreed between the Whips in the other House? For the information of this House I would like to know the sequence of events.
- Seanad: Business of Seanad (1 Oct 2008)
Paul Coghlan: I do not object to what the Leader has proposed.
- Seanad: Business of Seanad (1 Oct 2008)
Paul Coghlan: With a bit of elaboration, perhaps.
- Seanad: Business of Seanad (1 Oct 2008)
Paul Coghlan: That is another point. Will it be 2.30 a.m.?
- Seanad: Business of Seanad (1 Oct 2008)
Paul Coghlan: That is not sufficient time to allow us to frame amendments.
- Seanad: Business of Seanad (1 Oct 2008)
Paul Coghlan: That makes eminent sense.
- Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)
Paul Coghlan: In regard to that due diligence examination which the Minister deems desirable and necessary, where he finds a shortfall in regard to management, will he look for heads or proper people to conduct the risk assessment controls and so on?
- Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)
Paul Coghlan: It is a Fine Gael amendment.
- Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)
Paul Coghlan: On Second Stage several Members referred to the excessive remuneration for apparent short-term success in the banks. The Minister acknowledged that the success was doubtful because we know these successful managers did not provide properly and prudentially for bad and doubtful debts. They under-provided for and under-declared them. I agree with other Members that the admirable solution for...
- Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)
Paul Coghlan: That is a good point.
- Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)
Paul Coghlan: Does that mean the NTMA will follow suit?
- Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)
Paul Coghlan: Section 2 provides that the prudential supervision by the Financial Regulator of any credit institution will not be affected by the provisions of the Bill. The Minister touched on this in his response on Second Stage, and several speakers have referred to the issue. Will he consider strengthening, where necessary, the powers of the Financial Regulator? That has become somewhat necessary....
- Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)
Paul Coghlan: Have the Governor and the Financial Regulator not told the Minister in their many contacts and chats that in the light of recent developments, the powers need some strengthening?
- Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)
Paul Coghlan: It is a very important point and I discussed it privately with the Minister between Second Stage and Committee Stage. This institution, as I understand it, is wholly licensed and regulated in Ireland. Can we have the operations of any foreign institution which the Minister may have to deal with ring-fenced, as we would need the operations of our own banks abroad ring-fenced?
- Seanad: Business of Seanad (1 Oct 2008)
Paul Coghlan: Hear, hear.
- Seanad: Business of Seanad (1 Oct 2008)
Paul Coghlan: Hear, hear.