Results 1,841-1,860 of 16,537 for speaker:Brian Lenihan Jnr
- Announcement by Minister for Finance on Banking of 30 September 2010: Statements (Resumed) (30 Sep 2010)
Brian Lenihan Jnr: I do not go into it when it is not of benefit.
- Announcement by Minister for Finance on Banking of 30 September 2010: Statements (Resumed) (30 Sep 2010)
Brian Lenihan Jnr: We all have a lot.
- Announcement by Minister for Finance on Banking of 30 September 2010: Statements (Resumed) (30 Sep 2010)
Brian Lenihan Jnr: Why do we need to go?
- Announcement by Minister for Finance on Banking of 30 September 2010: Statements (Resumed) (30 Sep 2010)
Brian Lenihan Jnr: That is not the minimum. It is a central case scenario.
- Announcement by Minister for Finance on Banking of 30 September 2010: Statements (Resumed) (30 Sep 2010)
Brian Lenihan Jnr: That is why we have a problem.
- Announcement by Minister for Finance on Banking of 30 September 2010: Statements (Resumed) (30 Sep 2010)
Brian Lenihan Jnr: He is also on record as saying he did not believe he should communicate this to anyone.
- Announcement by Minister for Finance on Banking of 30 September 2010: Statements (Resumed) (30 Sep 2010)
Brian Lenihan Jnr: That is coming out of the pension fund.
- Announcement by Minister for Finance on Banking of 30 September 2010: Statements (Resumed) (30 Sep 2010)
Brian Lenihan Jnr: If you take 5%, that is correct.
- Written Answers — Consultancy Contracts: Consultancy Contracts (30 Sep 2010)
Brian Lenihan Jnr: The C&AG report states that the cumulative expenditure on consulting services for banking stabilisation services provided to the NTMA, Financial Regulator, Central Bank, the NPRFC and my Department was â¬33.76m. Of this, my Department has spent a total of â¬9.78m in the period to end July 2010, â¬9.66m to Arthur Cox in respect of legal advice and â¬0.12m to PWC in respect of accounting...
- Written Answers — Financial Institutions Recapitalisation: Financial Institutions Recapitalisation (30 Sep 2010)
Brian Lenihan Jnr: The Financial Regulator on 30 March 2010 determined that EBS must raise additional equity capital of at least â¬875 million by the end of 2010 in order to meet the new base case capital standards. The State provided EBS in May 2010 with â¬100 million of capital through the issuance of Special Investment Shares to secure EBS's immediate capital position. These Special Investment Shares...
- Written Answers — Financial Institutions Recapitalisation: Financial Institutions Recapitalisation (30 Sep 2010)
Brian Lenihan Jnr: I addressed the position regarding the estimated level of capital support required by Irish Nationwide Building Society in my Statement on Banking earlier today. To date, I have provided â¬2.7bn capital to INBS to cover the losses on lending by the Society. Following a recommendation from the NTMA, I am providing, subject to European Commission approval, an additional â¬2.7bn, as a...
- Written Answers — Banking Sector Regulation: Banking Sector Regulation (30 Sep 2010)
Brian Lenihan Jnr: I propose to take Questions Nos. 12 and 141 together. I have indicated previously that I am examining options for the introduction of a legislative regime to deal in a systematic way with distressed financial institutions, to ensure the State has in place a range of tools to address problem institutions effectively in the interests of maintaining financial stability, minimising reliance on...
- Written Answers — Public Sector Staff: Public Sector Staff (30 Sep 2010)
Brian Lenihan Jnr: The Public Service Agreement 2010-14 (the "Croke Park" Agreement) provides for agreed redeployment arrangements to apply in the Civil Service and in the Health, Education, Non-Commercial State Sponsored Body (NCSSB), and Local Authority sectors. In the context of the current constraints on the public finances and the need to maximise the use of resources, the public service needs the...
- Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (30 Sep 2010)
Brian Lenihan Jnr: To qualify as an eligible liability under the ELG Scheme, a bond must be issued between the date the participating institution joined the scheme and midnight on 31 December 2010. Unsecured senior bonds issued by Anglo Irish Bank before September 2008 do not therefore qualify as eligible liabilities, and they will no longer benefit from a guarantee after the expiry of the CIFS Scheme on 29...
- Written Answers — Tax Code: Tax Code (30 Sep 2010)
Brian Lenihan Jnr: I assume that the measure to which the Deputy refers is the Domicile Levy which I announced in Budget 2010 and introduced in Finance Act 2010. The Deputy will be aware that the Domicile Levy of â¬200,000 is charged on an individual who is Irish-domiciled and an Irish citizen whose world-wide income exceeds â¬1m, whose Irish-located property is greater than â¬5m, and whose liability to...
- Written Answers — Fiscal Policy: Fiscal Policy (30 Sep 2010)
Brian Lenihan Jnr: National accounts data published last week by the Central Statistics Office show that GDP declined by 1.2 per cent between the first and second quarters of this year. I would point out that this follows an increase of 2.2 per cent in the first quarter - in other words, taken together the data for the first two quarters suggest that the level of GDP has stabilised. The quarterly figure for...
- Written Answers — National Pensions Reserve Fund: National Pensions Reserve Fund (30 Sep 2010)
Brian Lenihan Jnr: On 30 March 2009, I directed the National Pensions Reserve Fund Commission to invest â¬3.5 billion in preference shares issued by Bank of Ireland and on 12 May 2009 I directed the Commission to invest â¬3.5 billion in preference shares issued by Allied Irish Banks plc (AIB). I gave these directions having consulted the Governor of the Central Bank and the Regulatory Authority and having...
- Written Answers — Mortgage Arrears: Mortgage Arrears (30 Sep 2010)
Brian Lenihan Jnr: There are no statistics available for mortgage accounts in arrears for one month. The latest mortgage arrears data from the Central Bank and Financial Regulator for period end June 2010 published on 1 September 2010 provide the following statistics for mortgage accounts in arrears more than 90 days and 180 days: 36, 438 mortgage accounts in arrears for more than 90 days of which 24,797 are...
- Written Answers — Exchequer Savings: Exchequer Savings (30 Sep 2010)
Brian Lenihan Jnr: I propose to take Questions Nos. 19 and 71 together. The Report of the Special Group on Public Service Numbers and Expenditure Programmes was published in July 2009 and outlined 271 options with potential savings of up to â¬5.3 billion in a full year along with associated staffing reductions of over 17,300 in public service numbers. Following the publication of the Special Group's Report,...
- Written Answers — Freedom of Information: Freedom of Information (30 Sep 2010)
Brian Lenihan Jnr: When an FOI request is received in the Department it is initially examined by the Freedom of Information Officer who will providing it is a valid request as set out in the legislation pass it on to a designated decision-maker to be dealt with. If the request is unclear or is not a valid request the FOI officer will liaise with the requester and make every effort to provide assistance to the...