Results 11,501-11,520 of 11,695 for speaker:Ivana Bacik

Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Ivana Bacik: I support this amendment which goes to the heart of providing a safeguard and an adequate degree of oversight to the guarantee the Bill provides. It would address some of the concerns we have with the legislation. The Minister has already indicated he would like to see a representative of the public interest appointed to the boards of institutions receiving financial support. Will he...

Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Ivana Bacik: This is an important measure as, presumably, were financial support to be provided, this would be a matter of public record. Therefore, were financial support to be provided for an institution, it would be in the public domain. Consequently, it makes sense that if financial support is being provided for an institution, there should be a report, at least on a monthly basis.

Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Ivana Bacik: This is all about corporate governance.

Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Ivana Bacik: With respect to Senator Walsh, this is about corporate misgovernance. The Bill is and must be about corporate governance. What we have asked is that the Minister clarify the situation and include, perhaps in the scheme he will bring before the Houses, some conditions relating to chief executives and higher bank officials in terms of a cap on their salaries and expenses. This is a limited...

Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Ivana Bacik: I support the amendment. If the Minister is not willing to accept it, he might consider putting something similar into the scheme he is presenting before the Houses. It seems eminently sensible to have some provision for review of salaries and bonuses paid to board members and senior officers of institutions which are seeking financial support under the Bill.

Seanad: Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Ivana Bacik: I support this very important amendment. As the Minister said, part of the problem we now see is as a result of a disproportionate reward of excessive risk-taking by some bankers. I accept what he said that not all bankers were reckless. However, it is clear there were bankers who were reckless and who were disproportionately rewarded. That is politically unacceptable and, as Senator...

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Ivana Bacik: I am grateful to Senator O'Toole for sharing time. I agree with the Senator that we share a unity of purpose and we all appreciate the necessity that the Government take decisive action to maintain confidence in the economy. Nevertheless, I will criticise the Bill, albeit in a constructive manner rather than for the sake of it. I am genuinely unhappy with many aspects of the Bill about...

Seanad: Housing (Miscellaneous Provisions) Bill 2008: Second Stage (1 Oct 2008)

Ivana Bacik: Like previous speakers, I welcome the Minister of State to the House and express a broad welcome for the Bill and for the aim it expresses, which is to improve housing services and their delivery. I am sure all of us would be in agreement with the need to do that. However, there is an element of missed opportunity about this Bill and a number of areas in which the provisions of it could...

Seanad: Housing (Miscellaneous Provisions) Bill 2008: Second Stage (1 Oct 2008)

Ivana Bacik: Threshold.

Seanad: Housing (Miscellaneous Provisions) Bill 2008: Second Stage (1 Oct 2008)

Ivana Bacik: Is that Government policy?

Seanad: Order of Business (1 Oct 2008)

Ivana Bacik: I am also concerned with regard to the Bill we are being asked to debate tonight. There is a real lack of clarity regarding what the taxpayer is taking on in respect of the legislation. Anyone who watched "Prime Time" last night would have been left even more confused with regard to whether the banks are exposed to toxic debts — one commentator was strongly of the view that they are so...

Seanad: European Judicial Network in Civil and Commercial Matters: Motion (1 Oct 2008)

Ivana Bacik: It is nice to witness such a mood of consensus. We are all agreed that this is a measure to be welcomed. Senator Regan and others have asked why this EU measure is up for debate in the House when other measures that are more deserving of debate have been passed through, as Senator O'Donovan has said, more or less on the nod. We should consider how the decision is made as to what EU...

Seanad: Order of Business (30 Sep 2008)

Ivana Bacik: It is a relief that something has been done. However, I echo the concerns of others on this side of the House with regard to the lack of any apparent quid pro quo for the taxpayer in this bailout. We need to know the guarantees the State, the public and the taxpayer have regarding the enormous potential risk we are taking on. It seems that for too long we have privatised profit and now we...

Seanad: Order of Business (30 Sep 2008)

Ivana Bacik: As all my colleagues have done, I wish to talk about the economy, particularly the momentous decision that was taken today. We are all relieved to see some decision being made on the current appalling state of the financial system. For too long there was a sense that no decisive action was being taken and that things were simply being let slip. While the Oireachtas was not sitting, it was...

Seanad: Intoxicating Liquor Bill 2008: Committee Stage (10 Jul 2008)

Ivana Bacik: On a point of order, I am looking at section 19 which creates new sections 8A and 8B, and I do not see the text to which the Minister of State refers.

Seanad: Intoxicating Liquor Bill 2008: Committee Stage (10 Jul 2008)

Ivana Bacik: I refer to a different provision.

Seanad: Intoxicating Liquor Bill 2008: Committee Stage (10 Jul 2008)

Ivana Bacik: I am not speaking of the Garda's power to enter homes. I did express a broad concern about civil liberties, but my more specific issue relates to a provision, which would be a new section 8A of the 1994 Act but which is in section 19 of the Bill, under Part 3, Amendment of Criminal Justice (Public Order) Act 1994, which is, the power to direct persons who are in possession of intoxicating...

Seanad: Intoxicating Liquor Bill 2008: Committee Stage (10 Jul 2008)

Ivana Bacik: That is one of the new powers but there is also——

Seanad: Intoxicating Liquor Bill 2008: Committee Stage (10 Jul 2008)

Ivana Bacik: I raised a valid point of concern in a constructive way, I hope, on a section of the Bill which the Leas-Chathaoirleach called, namely, section 19. This purports to insert a new section 8A into the Amendment of Criminal Justice (Public Order) Act 1994. This section would create an offence of failing to give an explanation to a garda. Will the Minister of State specifically address the...

Seanad: Intoxicating Liquor Bill 2008: Committee Stage (10 Jul 2008)

Ivana Bacik: There is no section 48A, we are discussing Section 19 8A.