Results 1,941-1,960 of 23,109 for speaker:Paddy Burke
- Seanad: Knowledge Development Box (Certification of Inventions) Bill 2016: Committee Stage (14 Dec 2016)
Paddy Burke: That clarity is very important because the question of where it starts will be very important. Does it start with the idea and all the funding that is spent after that, even if it was spent here? Does that qualify it? If the idea was born some other place and is novel and creates change, it might be born and made but, where this thing is going to bring an awful lot of change to things, it...
- Seanad: Knowledge Development Box (Certification of Inventions) Bill 2016: Committee Stage (14 Dec 2016)
Paddy Burke: It is very clear.
- Seanad: Commencement Matters: Institutes of Technology (13 Dec 2016)
Paddy Burke: I thank the Cathaoirleach for selecting this Commencement matter and welcome the Minister for Education and Skills to the House. I thank him for taking this serious matter in respect of the Mayo campus of the Galway-Mayo Institute of Technology.It disappoints me greatly to have to discuss what has happened on the Mayo campus of the Galway-Mayo Institute of Technology. The Mayo campus was...
- Seanad: Commencement Matters: Institutes of Technology (13 Dec 2016)
Paddy Burke: I thank the Minister for the reply. I have no doubt that he is fully committed to institutes of technology which are required to link to industry. However, I note to the Minister that Mayo has no head of campus at the moment. All departments now report to the Galway campus, which is a significant downgrading. The person has handed in her notice. She was put on a one-year contract and...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)
Paddy Burke: Is there any precedent under which the Central Bank intervened to lower interest rates?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)
Paddy Burke: I am referring to Ireland.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)
Paddy Burke: It only applies to credit unions and moneylenders. Is that the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)
Paddy Burke: There is no reason, therefore, that it could not extend to mortgages as well. In some cases, I presume, credit unions mortgages have been granted for an extension to a house or have been used for house purposes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)
Paddy Burke: Therefore, there is precedent. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)
Paddy Burke: How far back can the Central Bank go to investigate situations such as arose with Permanent TSB, PTSB, Ulster Bank and Bank of Ireland customers? Are some cases statute barred?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)
Paddy Burke: Where does the money from the fines imposed on the institutions go? Does it go to the Central Bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)
Paddy Burke: Any fines imposed on the banks went straight to the Exchequer.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)
Paddy Burke: In some cases the fines were more than the funding that was returned to the individuals.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)
Paddy Burke: The Central Bank seems to be slow to act on the way mortgage holders were treated by PTSB, Ulster Bank and so on. How did the Central Bank pick up the issue?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)
Paddy Burke: The borrowers had to go to the High Court and Supreme Court. The Central Bank was very slow to act.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)
Paddy Burke: Were the fines imposed only after that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)
Paddy Burke: The Central Bank could not have imposed the fines before that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)
Paddy Burke: The Central Bank knew all along that the banks were out of order completely but it let people go to court. Could it not have stepped in and asked the banks not to put people through that hardship, indicating that it intended to issue fines?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)
Paddy Burke: The Central Bank failed in this case.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)
Paddy Burke: The courts did that.