Results 1,501-1,520 of 6,295 for speaker:Michael D'Arcy

Seanad: Report on Credit Union Sector: Statements (9 May 2018)

Michael D'Arcy: I thank all of the Senators who have contributed to the debate. Any of them who has heard me speak about credit unions knows of my long-standing regard for them. The credit union in Gorey has helped or funded every business there, from medical practices to farmers and retailers. That has been the case less in the past two decades, but, as Senator Kieran O'Donnell said, the best of...

Markets in Financial Instruments Bill 2018: Referral to Select Committee (3 May 2018)

Michael D'Arcy: I move:That the Bill be referred to the Select Committee on Finance, Public Expenditure and Reform, and Taoiseach pursuant to Standing Orders 84A(3)(a) and 149(1).

Markets in Financial Instruments Bill 2018: Second Stage (3 May 2018)

Michael D'Arcy: I thank all the Deputies for their contributions. I will respond in as much detail as I can. This legislation, the Markets in Financial Instruments Bill 2018, is very important. Ireland has developed a large financial services sector that is twice the size of the European average and employs more than 90,000 people in domestic and international financial services. I will put this into...

Markets in Financial Instruments Bill 2018: Second Stage (3 May 2018)

Michael D'Arcy: -----trading that has the potential to cause systemic risks. It improves transparency and oversight of financial markets, and for the first time establishes the principle of transparency for non-equity instruments such as bonds and derivatives. The Bill also introduces measures to deal with excessive volatility, improves conditions for competition in the trading and clearing of financial...

Markets in Financial Instruments Bill 2018: Order for Second Stage (3 May 2018)

Michael D'Arcy: I move: "That Second Stage be taken now."

Markets in Financial Instruments Bill 2018: Second Stage (3 May 2018)

Michael D'Arcy: I move: "That the Bill be read a Second Time." The Markets in Financial Instruments Directive II, known as MiFID II, is the cornerstone of European Union financial markets legislation, covering the regulation of investment services providers. It is changing how European markets operate for the better as we go forward, ensuring safer more transparent markets across the Union. MiFID II...

Community Employment Pension Scheme: Motion [Private Members] (24 Apr 2018)

Michael D'Arcy: It must also be emphasised that while the issue at hand relates to community employment supervisors and assistant supervisors -----

Community Employment Pension Scheme: Motion [Private Members] (24 Apr 2018)

Michael D'Arcy: -----such individuals comprise just one small group within the wider community and voluntary sector and any provision of State funding for such a scheme in respect of those employees could potentially give rise to claims for similar schemes on the part of those in the broader sector, thus crystallising the potential level of liability that I have highlighted. It is therefore the case that,...

Community Employment Pension Scheme: Motion [Private Members] (24 Apr 2018)

Michael D'Arcy: -----particularly in light of the large size of the community and voluntary sector in Ireland. It is for these reasons that we are moving this amendment to the motion.

Community Employment Pension Scheme: Motion [Private Members] (24 Apr 2018)

Michael D'Arcy: I move amendment No. 1:To delete all words after “integral to the overall success and implementation of the CE schemes” and substitute the following:“— in July 2008, the Labour Court recommended that an agreed pension scheme should be introduced for CE supervisors and assistant supervisors; — the employees in question are, or were, employees of private...

Community Employment Pension Scheme: Motion [Private Members] (24 Apr 2018)

Michael D'Arcy: The commitment, dedication and hard work of community employment supervisors and assistant supervisors, who are employees of organisations in the community and voluntary sector, is greatly appreciated. These organisations deliver much-needed support services at community level to users every day throughout the year. The Department of Employment Affairs and Social Protection assumed...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: I thank the Acting Chairman. He looks very well in the Chair.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: I thank Deputy Pringle for the work he has done on this Bill. I also thank the staff and the bodies advising him, such as Trócaire. It is appreciated. I am somebody who wants to be helpful and I am very glad to hear the interaction between the Deputy and the Government agencies has been good. We have not gone all the way towards what the Deputy desires, but while we may not always...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: That is just amendment No. 1.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: Will I discuss amendments Nos. 2 to 8, inclusive?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: Amendment No. 2 will correct the Bill’s reference to section 2 of the National Treasury Management Agency (Amendment) Act 2014. The reference should instead be to section 37 of the Act. While section 2 of the Act outlines the definitions for the Act as a whole, it is section 37 which outlines the definitions in respect of ISIF. Therefore, any definitions arising out of this Bill...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: Should I speak on the Acting Chairman's amendment?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: Amendment No. 14 is necessary due to the numbering and ordering conventions of legislative drafting. The Bill proposes a new subsection. Due to the ordering of section 39 of the National Treasury Management (Amendment) Act 2014, this new subsection must be inserted before section 7. Therefore, this new subsection must be numbered 6(c) taking the same approach as for amendments Nos. 9 and...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: It is a transition fuel.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: I said the opposite.