Results 1,921-1,940 of 23,109 for speaker:Paddy Burke
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: I am referring to mortgage debt.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: Does the Central Bank have sufficient powers to hold them to account?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: Essentially, the vulture funds can do what they want and the Central Bank does not have enough powers to take them on.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: The consumer protection director indicated to the committee that the Central Bank did not have strong enough powers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: It strikes me that the vulture funds have ratcheted up activity with vulnerable people in trying to get their pound of flesh now that the rules changed following what was done in the context of section 110.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: AIB could sell loans before it opts for an IPO next year. Has it done due diligence on this and has the Central Bank gone into the detail of the types of loan that AIB might be selling to vulture funds to clear its books ahead of an IPO?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: The Central Bank is happy with that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: The witnesses place a lot of emphasis on engagement with the banks and have argued that customers should engage with the banks. To follow on from what the Chairman said, I know of an individual who tried to engage with his bank. It was a buy-to-let case. The rent he received was paying the interest but it was not paying any of the capital. He got a letter saying that he was going to put...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: Does Professor Lane have a view about the setting up of a special mortgage court to deal with mortgageholders and the banks and possibly have binding arbitration between the two?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: In respect of Brexit and the international banking sector, the witnesses stated that having shrunk materially in the aftermath of the crisis, it is starting to expand again. This trend may be reinforced by Brexit. I see that the Central Bank itself is setting up its own Brexit unit. How will the Brexit unit go forward?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: Does Professor Lane think the Central Bank sent out the wrong message earlier on when it said it did not want to scavenge on the UK's misfortune? Did that send the wrong message to potential investors?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: However, at around that time, Frankfurt was actively trying to entice financial institutions to Germany.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: They are all arms of the State however.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: Is it not the job of the Central Bank to bring competition in here as well?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Paddy Burke: Why is the Brexit unit being set up?
- Seanad: Appropriation Bill 2016: Second and Subsequent Stages (15 Dec 2016)
Paddy Burke: When we see the Appropriation Bill come before the House every year, we know Christmas is at hand. I welcome the Minister of State to the House and wish him a very happy Christmas and all the best for the new year. I wish a happy Christmas to the Acting Chairman, the Members and the staff, who have done great work over what has been a very long year since the beginning of January. The...
- Seanad: Appropriation Bill 2016: Second and Subsequent Stages (15 Dec 2016)
Paddy Burke: Now.
- Seanad: Appropriation Bill 2016: Motion for Earlier Signature (15 Dec 2016)
Paddy Burke: I move:That pursuant to subsection 2° of section 2 of Article 25 of the Constitution, Seanad Éireann concurs with the Government in a request to the President to sign the Appropriation Bill 2016 on a date which is earlier than the fifth day after the date on which the Bill shall have been presented to him.
- Seanad: Knowledge Development Box (Certification of Inventions) Bill 2016: Committee Stage (14 Dec 2016)
Paddy Burke: I wish to ask the Minister a question concerning companies which set up with this great knowledge. I congratulate the many innovators involved who deserve great credit as they take a lot of risks. I do not agree with Senator Higgins, however, that we are subsidising them by charging 6.25% corporation tax. They might not set up here but for such a thing, so one cannot describe it as being a...
- Seanad: Knowledge Development Box (Certification of Inventions) Bill 2016: Committee Stage (14 Dec 2016)
Paddy Burke: I thank the Minister. She has outlined that in good detail, but for the very start of it, one might have someone from the UK, France or some other part of Europe who has an idea and may have part of the work done. He or she may have applied for or have a pending patent but not yet have it. In the meantime, he or she may decide to set up a business in Ireland because he or she likes the...