Results 16,761-16,780 of 32,602 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Insurance Industry Regulation (13 Dec 2018)

Paschal Donohoe: At the outset I would like to say that as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation, and have no role in the day to day supervision of insurance companies. I have therefore consulted with the Central Bank on the matters raised by the Deputy. The Central Bank has advised that under European law, the Home supervisory...

Written Answers — Department of Finance: Insurance Industry Regulation (13 Dec 2018)

Paschal Donohoe: At the outset, the Deputy should note that I am very conscious of the problems caused in recent years by a number of non-life companies passporting into the Irish market particularly on the motor side.  I am very unhappy that supervisors in the authorising countries in question have not done their job adequately, and as a result the Irish Compensation Fund and by extension, Irish...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (13 Dec 2018)

Paschal Donohoe: The current design of ISIF’s Global Portfolio is the most effective way to meet its requirement to ensure that capital is available as investment opportunities in Ireland are executed and drawn down, while making a significant contribution towards ISIF’s investment return objective. ISIF’s legislative mandate – to invest on a commercial basis in a manner...

Written Answers — Department of Finance: Central Bank of Ireland Properties (13 Dec 2018)

Paschal Donohoe: The Commission of the Central Bank of Ireland is solely and independently responsible for administering the provision of accommodation and office and other equipment with a view to enabling the Bank to perform and exercise its functions and powers, as enshrined in Section 6B of the Central Bank Act, 1942 (as amended). I am informed that the Central Bank Commission decided...

Written Answers — Department of Public Expenditure and Reform: Garda Stations (13 Dec 2018)

Paschal Donohoe: The Programme for Government included a ‘pilot programme of Garda Station re-openings’ throughout the country, including Bawnboy Garda Station. OPW undertook technical surveys on the building and issued a report on the works required, indicative costs involved and proposed layout to Garda Estate Management earlier this year. Subsequently, An Garda Síochána...

Written Answers — Department of Public Expenditure and Reform: Children's Science Centre (13 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 69, 71 and 74 together. Having obtained planning permission for the provision of premises for the proposed interactive Children’s Science Centre at Earlsfort Terrace, the Commissioners of Public Works are in the process of procuring technical consultants to prepare tender/contract documentation with a view to preparing a request for tenders in the...

Written Answers — Department of Public Expenditure and Reform: Flood Prevention Measures (13 Dec 2018)

Paschal Donohoe: Kerry County Council with funding provided by the Office of Public Works is currently undertaking a feasibility study to ascertain what measures could be put in place to protect this property from flooding.

Written Answers — Department of Public Expenditure and Reform: Public Procurement Regulations (13 Dec 2018)

Paschal Donohoe: Public Procurement is governed by EU legislation and National rules and guidelines. The aim of these rules is to promote an open, competitive and non-discriminatory public procurement regime which delivers best value for money. When carrying out procurement procedures, contracting authorities require suppliers to comply with a wide variety of legislation in areas that would include...

Written Answers — Department of Public Expenditure and Reform: Flood Relief Schemes Status (13 Dec 2018)

Paschal Donohoe: The position on flood relief schemes in County Wexford is as follows: Work on the development of the proposed Enniscorthy Flood Defence Scheme is progressing well.  A public information day was held in June 2018 which was very well attended and provided some important feedback on the proposed scheme.  A formal Public Exhibition of the scheme is planned for early...

Written Answers — Department of Public Expenditure and Reform: Public Procurement Regulations (13 Dec 2018)

Paschal Donohoe: Public procurement is governed by EU and National rules. The rules are transposed into Irish law and apply to tenders for public contracts whose monetary value exceeds certain thresholds. The National Public Procurement Policy Framework sets out the overarching policy for public procurement in Ireland.  It sets out the procurement procedures to be followed by Government Departments...

Written Answers — Department of Finance: Parliamentary Questions Data (12 Dec 2018)

Paschal Donohoe: The number of Parliamentary Questions which have been processed by my Department is 2,814 in 2016, 3,898 in 2017 and 3,316  to date in 2018.  Accounting for transfers, disallowances and withdrawals of PQs, the following are the statistics for answered PQs: 2,528 in 2016; 3,434 in 2017; and 2,798 in 2018 (as of 6th December).  The Department does...

Written Answers — Department of Finance: Mortgage Book Sales (12 Dec 2018)

Paschal Donohoe: The Deputy will be aware that a reduction in the level of non performing loans (NPLs) across European banks is a major priority for the banking regulator, the SSM. The Irish banks have made significant progress in this regard since the height of the crisis with NPLs at the banks in which the State has a shareholding reducing by 70% from €54bn to €16bn at end-June 2018. A major...

Written Answers — Department of Finance: Banking Licence Applications (12 Dec 2018)

Paschal Donohoe: It was not possible for the Central Bank of Ireland to provide the information sought in the time available and, therefore, I will make arrangements to provide the Deputy with the information in line with Standing Orders.

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (12 Dec 2018)

Paschal Donohoe: The role of the Strategic Banking Corporation of Ireland, the SBCI, is to provide effective financial supports to Irish SMEs and encourage competition and innovation in the SME finance market while also ensuring the efficient and effective use of available EU resources. The SBCI, as the Deputy is aware, does not provide financing directly to small businesses using an on-lending model. The...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (12 Dec 2018)

Paschal Donohoe: The Strategic Banking Corporation of Ireland, the SBCI, is Ireland’s national promotional institution. Its strategic mission is to increase the availability of appropriately priced, flexible funding to viable Irish SMEs by delivering effective financial supports to Irish SMEs that address failures in the Irish credit market, while encouraging competition and innovation and ensuring the...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (12 Dec 2018)

Paschal Donohoe: The Strategic Banking Corporation of Ireland, the SBCI, is a Designated Activity Cody (DAC) under the Companies Act 2014 and has an independent Board of Directors.  In relation to the first part of the Deputy’s question regarding members of the SBCI Board, the SBCI is a public body and is subject to the Revised Code of Practice for the Governance of State Bodies 2016, which...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (12 Dec 2018)

Paschal Donohoe: The purpose of the SBCI is to deliver effective financial supports to Irish SMEs. The SBCI does not provide funding directly to small businesses, rather it operates an on-lending model which involves working through partner finance providers, known as on-lenders. The SBCI currently has three bank and three non-bank on-lending partners. I take it that the Deputy is asking whether the...

Written Answers — Department of Finance: Paradise Papers (12 Dec 2018)

Paschal Donohoe: I am advised by Revenue that identifying and confronting non-compliance is a key focus for its work, and that this includes the use of offshore accounts, trusts or funds to evade tax. Revenue’s work in this regard, including the Foreign Income and Assets Disclosure initiative last year, has yielded some €1.2 billion to the Exchequer to date. I am also advised that in...

Written Answers — Department of Finance: Insurance Industry Regulation (12 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 77 to 79, inclusive, together. The Central Bank of Ireland announced on 28 November that it had received information that Qudos Insurance A/S, a Denmark-based insurer, had entered into solvent liquidation. On 4 December, Qudos Insurance A/S announced that it is currently not paying insurance claims. The Central Bank is actively monitoring developments and...

Written Answers — Department of Finance: Mortgage Lending (12 Dec 2018)

Paschal Donohoe: I would like to advise the Deputy that I am not in a position to comment on the activities of individual taxpayers. I can however give the following overview of Section 110 of the TCA 1997 as it relates to the securitisation of mortgages by banks . Section 110 of the Taxes Consolidation Act 1997 sets out a regime for the taxation of special purpose companies set up to securitise...