Results 1,321-1,340 of 6,295 for speaker:Michael D'Arcy

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael D'Arcy: That is dealt with in section 11.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael D'Arcy: It is the same question.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael D'Arcy: I accept the Deputy's point. However, if someone makes a claim or takes a case against the agent, he or she has to go through the process for an agent. Subsequent to the outcome of that process, the person might have to take two cases if both entities are regulated.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael D'Arcy: That it is a matter for the Minister for Finance. I do not wish to speak for him but I assume that a commencement order would be required.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael D'Arcy: That is my assumption.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael D'Arcy: That is my assumption but I cannot answer for the Minister.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

Michael D'Arcy: The Central Bank is obliged to appear before the committee.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

Michael D'Arcy: They are not obliged to appear.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

Michael D'Arcy: That is my understanding.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

Michael D'Arcy: Correct.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

Michael D'Arcy: The Chair is referring to the compellability for witnesses to appear before Oireachtas committees. The referendum on this issue was lost. That is the only way in which this matter can be addressed.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

Michael D'Arcy: I am not aware of such but it is not my area of expertise.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

Michael D'Arcy: I do not know of another route but I encourage all such companies to accede to any request to appear before the committee. They are trading in this jurisdiction. The Houses of the Oireachtas are our Legislature and such companies should appear before the appropriate committees.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

Michael D'Arcy: It is not acceptable but I------

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

Michael D'Arcy: By the Central Bank.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

Michael D'Arcy: That is their choice, yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

Michael D'Arcy: That is the purpose of this meeting of the committee. That is the intention of the Bill.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

Michael D'Arcy: I agree with the Chairman. The funds show disrespect to the Oireachtas by their failure to appear. I was a member of this committee 13 or 14 months ago when it invited the funds to appear before it. Each fund politely wrote back to say it would not appear. I am pleased that Department of Finance officials have worked hand in glove with Deputy McGrath on the legislation, which has...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

Michael D'Arcy: Absolutely.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

Michael D'Arcy: I do. Does the Chair? His party also has a big influence on our being here in the autumn.