Results 1,541-1,560 of 16,537 for speaker:Brian Lenihan Jnr

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: I did.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: In early September I had information at my disposal and conveyed some of it to the committee on the then outstanding bond liabilities of Anglo Irish Bank, both subordinated and senior. I am happy to provide the Deputy with that information but I believe she is anxious to establish the position on the redemption or repayment of bonds during the guarantee period as a whole. I understand some...

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: Yes, but I presume the question was disallowed for a reason.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: No.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: The information is at the disposal of the bank. I will arrange for the bank to convey the information.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: It is not information that is immediately at my disposal.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: The non-NAMA book was assessed by the regulator and his independent determination was that the provisioning envisaged in the capital sum is sufficient to cover requirements, which will be the asset of the asset bank in the future. I welcome the fact that Fine Gael and the Labour Party accept the need to meet the 3% target by 2014. Deputy Morgan has indicated that his party does not, meaning...

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: That is the advice of the NTMA.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: I was asked for the advice of the NTMA and I am giving it. A credible pathway must be demonstrated and that is why it is essential if we are to achieve a target by 2014 that we set out in detail in taxation, expenditure and growth plans how we will meet that target by 2014. On the growth side, whatever estimate we make, it must be realistic and based on existing sectors, while including...

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: Deputy Burton did not seek any such undertaking in the past two years by way of legislative amendment or proposal. She has decided to seek this undertaking today and ask why it was not sought two years ago; it was not sought because it is not possible.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: I am allowed to answer a question.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: The inspector would not have been able to incarcerate anyone in Ireland, even if we agreed with Deputy Burton's inquiry. That is the point, citizens of this country have the right to travel overseas and that is why there was no basis for me to seek such an undertaking in the absence of legislative power to detain people here. That is the practical position and the Deputy knows that.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: She does know that, she knows a great number of things she does not disclose to this House because she wants to make a populist chant, which is easy to do.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: It is not a term of abuse.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: It is mild compared with some of the suggestions she made to me in the question, for example, that I facilitated the escape of these individuals from the jurisdiction and the concealment of their assets. I assure her that I have been in constant discussion-----

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: Anglo Irish Bank and the National Asset Management Agency, NAMA, are pursuing all debts owing to them. They are examining spousal transactions and ensuring they are set aside. There is legal provision for setting aside any transaction where assets are transferred to a spouse for the purpose of defeating the rights and just claims of creditors. Regarding Mr. Drumm, the former CEO of Anglo...

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: I so propose. I would be amenable to it if it was amenable to the House.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: Neither Deputy Noonan nor Deputy Burton has ever suggested in express terms that there should be a default on senior bondholders. I am being fair to both of them in that respect.

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: I would like to put that on the record. Given the nature of the banking crisis, it is understandable that commentators and some Deputies would canvass, examine and explore various options. Regarding Deputy Michael Ahern's question, were such a decision taken, someone would need to take responsibility for it. That responsibility would be a grave one. I mentioned the legal issue, in that...

Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions (20 Oct 2010)

Brian Lenihan Jnr: I will proceed with dispatch. To respond to Deputy Costello, extradition proceedings can take place at the conclusion of the Garda inquiry. In the event the Director of Public Prosecutions institutes proceedings against particular individuals, their extradition can be sought in respect of those offences. As to the accuracy of information, Deputy Costello went through a wide canvas, in that...