Results 121-140 of 2,156 for speaker:Tom Parlon

Asset Covered Securities (Amendment) Bill 2007: Second Stage (20 Mar 2007)

Tom Parlon: I have explained the reality as it is regarded outside the country. The Deputy can raise those issues but it is not how the country is seen from abroad. I wish to deal with some of the other issues that were raised during the debate. Deputy Bruton certainly recognises the importance of cherishing and nourishing the financial services sector. While Deputy Burton raised some caveats, she is...

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: I move amendment No. 1: In page 10, between lines 7 and 8, to insert the following: "(q) in the definition of "non-performing", in paragraph (b), by inserting "(but disregarding, for the purposes of this paragraph, section 4(4))" after"section 4(1)",". This amendment concerns the definition of non-performing in the principal Act. Under the Bill as published securitised mortgage credit assets...

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: I move amendment No. 2: In page 11, line 32, after "mortgage" to insert "credit". This amendment concerns the term securitised mortgage credit assets that is used in the Bill. The definition of that term in section 2 of the Bill as published omits the word credit and this technical amendment corrects the omission.

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: The Bill was drafted by the parliamentary draftsman with professional advice from top legal and financial experts for which no payment was made. This was vetted by the European Central Bank in consultation with the Financial Regulator.

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: The Department was available to give Deputies any information they sought and I understand they gave a briefing today.

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: I understand the Deputy was sent the information she sought.

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: Had the Deputy sought further information I am sure it would have been forthcoming.

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: Department officials did not seek to withhold information from the Deputy and would have provided further information had it been sought.

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: This is a highly technical Bill with a great deal of intricate drafting. The Financial Regulator was involved in drafting the Bill, cleared and passed it and is satisfied with the Bill.

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: I move amendment No. 3: In page 28, line 40, to delete "4, 61" and substitute "4(2) to (5), 58, 61, 71". The purpose of this amendment is to correct this oversight, a drafting omission in section 30 of the Bill, the second line of the new section 41B, subsection (1), of the principal Act, to provide that the provisions of sections 58 and 71 should also apply as adapted to designated...

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: I move amendment No. 4: In page 30, line 6, to delete "6" and substitute "61".

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: I move amendment No. 4a: In page 36, line 47, before "located" to insert "or substitution asset". This amendment corrects an oversight and inserts the words "or substitution asset" in section 36. It makes this provision regarding public credit institutions consistent with the provisions concerning mortgage credit institutions in section 21.

Asset Covered Securities (Amendment) Bill 2007: Committee and Remaining Stages (20 Mar 2007)

Tom Parlon: The amendments concern the provisions of sections 59 to 61, inclusive. Section 59 inserts a new section 107 in the principal Act and provides that the Minister may, by order notified in Iris Oifigiúil, appoint a date for the purposes of Schedule 3. Schedule 3 is inserted in the Act by section 60. It deletes some obsolete terms such as references in the Act to "tier 1" and "tier 2" assets...

Asset Covered Securities (Amendment) Bill 2007: Order for Second Stage (20 Mar 2007)

Tom Parlon: I move: "That Second Stage be taken now."

Written Answers — National Monuments: National Monuments (8 Mar 2007)

Tom Parlon: A contract was placed on 1 March, 2007 for a measured survey and record of Conolly's Folly. The completion of this survey will inform the level of conservation work required at the site, and will facilitate the preparation of the necessary documentation for this work. It will only be possible to estimate the level of expenditure required to conserve the site once the aforementioned survey...

Written Answers — Decentralisation Programme: Decentralisation Programme (8 Mar 2007)

Tom Parlon: An advertisement was placed by the Office of Public Works (OPW) in the national newspapers and in the Official Journal of the European Union seeking Expressions of Interest from experienced developers/contractors who wished to be considered in connection with the provision of office accommodation for the Department of Education & Science in Mullingar. This is part of a major PPP project...

Written Answers — Decentralisation Programme: Decentralisation Programme (8 Mar 2007)

Tom Parlon: Expressions of Interest have been received by the Office of Public Works (OPW) from contractors who wish to be considered in connection with the provision of new permanent office accommodation for the Land Registry in Roscommon. These are being evaluated at present with a view to drawing up a short-list of suitable candidates from whom tenders will be invited on a design/build basis. Tender...

Written Answers — Decentralisation Programme: Decentralisation Programme (8 Mar 2007)

Tom Parlon: A site for the new decentralised offices in Newcastle West was purchased from Limerick County Council in 2005. In common with other projects in the Decentralisation Programme, following receipt and evaluation of Expressions of Interest, tenders for the proposed building were invited by the OPW from a number of contractors on a design/build basis and a preferred tenderer was identified. A...

Written Answers — Flood Relief: Flood Relief (8 Mar 2007)

Tom Parlon: As I stated in reply to the Deputy's Question of 7th February, 2007 (Ref. No. 129) the Commissioners of Public Works are satisfied that the pump installed on a trial basis is effective. However, the report that recommended pumping indicated that this could cause a lowering of the land level over time due to the peaty nature of the soil. Such shrinkage would diminish the viability of pumping...

Decentralisation Programme. (7 Mar 2007)

Tom Parlon: I thank the Deputy for raising this matter. The Government's decentralisation programme envisages that the headquarters of the Department of Education and Science is to be relocated to Mullingar, County Westmeath. The total number of posts to be decentralised to Mullingar is 300. These numbers will provide a significant and welcome economic boost to the town of Mullingar. The Office of...