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Seanad: Army Barracks Closures: Motion (19 Oct 2011)

John Gilroy: A decisive and a bold move, according to Arthur Morgan and Pearse Doherty on the night of 30 September 2008. Sinn Féin voted for it.

Seanad: Army Barracks Closures: Motion (19 Oct 2011)

John Gilroy: The Minister said no decision has been made about this. I am inclined to believe that although the Leader has said things look ominous. I remind Fianna Fáil, however, that if the decision is made to close the barracks, it is Fianna Fáil's fault.

Seanad: Army Barracks Closures: Motion (19 Oct 2011)

John Gilroy: That is false.

Seanad: Army Barracks Closures: Motion (19 Oct 2011)

John Gilroy: Yes, but not to play politics with them.

Seanad: Army Barracks Closures: Motion (19 Oct 2011)

John Gilroy: Playing politics with the Defence Forces is scandalous. It is disgraceful.

Seanad: Army Barracks Closures: Motion (19 Oct 2011)

John Gilroy: He closed ten barracks.

Seanad: Army Barracks Closures: Motion (19 Oct 2011)

John Gilroy: We will know when a decision has been made.

Seanad: Army Barracks Closures: Motion (19 Oct 2011)

John Gilroy: Senator Daly has betrayed himself with his point scoring. He has with that last comment undone anything sensible he said earlier.

Seanad: Army Barracks Closures: Motion (19 Oct 2011)

John Gilroy: That is beneath the Senator.

Seanad: Army Barracks Closures: Motion (19 Oct 2011)

John Gilroy: It is probably best that the Senator cannot hear me because his insulting comments towards institutions of the State are beneath him.

Seanad: Army Barracks Closures: Motion (19 Oct 2011)

John Gilroy: They are.

Seanad: Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Committee and Remaining Stages (19 Oct 2011)

John Gilroy: I will reserve my comments for later, but will the special manager's salary be subject to the salary cap in banking services?

Seanad: Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Committee and Remaining Stages (19 Oct 2011)

John Gilroy: Not in a normal credit union. What of the larger, more complex institutions?

Seanad: Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Committee and Remaining Stages (19 Oct 2011)

John Gilroy: The section states that "The Bank may, after consultation with the Minister, issue a code of practice ...". While that is a good thing I notice that the equivalent Act in the UK, which is self-proclaimed to be ahead of international best practice, does not have a role for the Minister in any of this. The reporting takes place between the Bank of England and the Financial Services Authority....

Seanad: Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Committee and Remaining Stages (19 Oct 2011)

John Gilroy: This relates to the provision of information by the financial institution. I refer to the case of Mr. Eugene McErlean who seemed to run into trouble with the authorities for blowing the whistle on overcharging in a credit institution some years ago. Does the Minister see any role, under Schedule 1 or, for that matter, any other section, for stating explicitly any provisions on protecting...

Seanad: Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Committee and Remaining Stages (19 Oct 2011)

John Gilroy: I thank the Minister and his officials for attending the House. This is a very important Bill and as others have commented, if it were not for the crisis that occurred in 2008, we would never have faced this. Whether the Bill is ever used or is ever necessary, it is on the Statute Book and that creates confidence among the financial institutions that we now have a mechanism to deal with...

Seanad: Army Barracks Closures: Motion (19 Oct 2011)

John Gilroy: Hear, hear.

Seanad: Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Second Stage (18 Oct 2011)

John Gilroy: I welcome the Minister of State to the House. I also welcome this addition to the armoury of our regulatory authority. I will resist the temptation to point a finger of blame but it is recognised that when the financial crisis started the number of mechanisms available to deal with it were inadequate, crude and blunt in their application, be they bailout, examinership or nationalisation, or...

Seanad: Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Second Stage (18 Oct 2011)

John Gilroy: Unlike Sinn Féin, which supported it.

Seanad: Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Second Stage (18 Oct 2011)

John Gilroy: The implication of what the Minister of State is saying is that the Minister will step out when the fund is permanently established. I see no explicit reference to that in the Bill.

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