Results 121-140 of 939 for speaker:Noel Treacy

Seanad: Council of Europe Development Bank Bill 2004: Committee and Remaining Stages. (25 Nov 2004)

Noel Treacy: That would basically be through the Council of Europe. However, it would require an Act of the Oireachtas to effect changes to it in this country in order to ensure that Ireland can adhere to them. Ireland can be party to it by accepting it in its totality.

Seanad: Council of Europe Development Bank Bill 2004: Committee and Remaining Stages. (25 Nov 2004)

Noel Treacy: Is the Senator referring to the genesis of the articles?

Seanad: Council of Europe Development Bank Bill 2004: Committee and Remaining Stages. (25 Nov 2004)

Noel Treacy: When the primary legislation is passed, it will be given the force of law and will allow Ireland to be a party of the Council of Europe Development Bank. Thereafter, any changes will have to be made by the governing board of the bank on which Ireland is represented. Ireland's representative would, therefore, either agree with or oppose any changes put forward. Such changes would be effected...

Seanad: Council of Europe Development Bank Bill 2004: Committee and Remaining Stages. (25 Nov 2004)

Noel Treacy: Any major change in the status or operation of the bank would require the referral back to the Oireachtas of the legislation for amendment. However, in the normal course of events, the board of the bank would agree any changes to be made. As already stated, Ireland is represented on the board and whatever is agreed at board level, under normal banking protocols, is acceptable.

Seanad: Council of Europe Development Bank Bill 2004: Committee and Remaining Stages. (25 Nov 2004)

Noel Treacy: The Government. The Minister for Finance would bring to the Government the name of a person to be nominated to represent Ireland on the board. Such a person would usually be a member of staff of the Department of Finance.

Seanad: Council of Europe Development Bank Bill 2004: Committee and Remaining Stages. (25 Nov 2004)

Noel Treacy: It would be the same as that of the board, namely, five years. This is laid down in the legislation. However, if the individual was promoted, resigned, retired or otherwise, he or she would be replaced during the period.

Seanad: Council of Europe Development Bank Bill 2004: Committee and Remaining Stages. (25 Nov 2004)

Noel Treacy: Will the Senator repeat what he said?

Seanad: Council of Europe Development Bank Bill 2004: Committee and Remaining Stages. (25 Nov 2004)

Noel Treacy: The Senator is correct. If Ireland benefits from the bank's transactions, by virtue of its membership thereof, the money would be returned to the State in the normal way as appropriations-in-aid and would be deposited in the Central Fund.

Seanad: Council of Europe Development Bank Bill 2004: Committee and Remaining Stages. (25 Nov 2004)

Noel Treacy: I have already answered that question. The Government, following a nomination and recommendation of the Minister for Finance, would appoint a member of the Department of Finance to represent Ireland on the board of the bank.

Seanad: Council of Europe Development Bank Bill 2004: Committee and Remaining Stages. (25 Nov 2004)

Noel Treacy: Yes.

Seanad: Council of Europe Development Bank Bill 2004: Committee and Remaining Stages. (25 Nov 2004)

Noel Treacy: No. We cannot nominate anybody until the legislation is passed.

Seanad: Council of Europe Development Bank Bill 2004: Committee and Remaining Stages. (25 Nov 2004)

Noel Treacy: The person would normally have to understand public service, have a reasonable knowledge of financial legislation or have some background in banking or accountancy. The individual would need qualifications relevant to the responsibilities he or she would be expected to discharge.

Seanad: Council of Europe Development Bank Bill 2004: Committee and Remaining Stages. (25 Nov 2004)

Noel Treacy: No, it is a part-time position. The person would just be nominated and would hold a position similar to someone who serves on a corporate board.

Seanad: Council of Europe Development Bank Bill 2004: Committee and Remaining Stages. (25 Nov 2004)

Noel Treacy: I am not sure who the Senator has in mind. However, if he puts forward a name, we will consider the person for the position. The Government is always anxious to consider people with good qualifications for positions of this nature. In this instance, the person nominated to sit on the board will not be remunerated. The appointee will discharge his or her duties on behalf of the country as a...

Seanad: Council of Europe Development Bank Bill 2004: Committee and Remaining Stages. (25 Nov 2004)

Noel Treacy: In response to Senator Bannon, this is the first time in my 23 years of public life that I have heard anyone accuse civil servants in the Department of Finance of being cronies of anybody in politics. I do not think they are cronies to anybody in any other Department either. It is a very independent, focused, strong, macro-operation that operates on the basis of a micro-analysis of every...

Seanad: Council of Europe Development Bank Bill 2004: Committee and Remaining Stages. (25 Nov 2004)

Noel Treacy: I will clarify it.

Seanad: Council of Europe Development Bank Bill 2004: Committee and Remaining Stages. (25 Nov 2004)

Noel Treacy: I am grateful to Senator Bannon for his assurance of the quality of the people in the Department of Finance and his acceptance of their ability to do the job. The clarification is simple. The management team which meets weekly in the Department of Finance would nominate a person to the Minister for Finance, who would make his usual inquiries into the suitability of the person in question. He...

Seanad: Council of Europe Development Bank Bill 2004: Committee and Remaining Stages. (25 Nov 2004)

Noel Treacy: People do not like political appointees.

Seanad: Council of Europe Development Bank Bill 2004: Committee and Remaining Stages. (25 Nov 2004)

Noel Treacy: I do not wish to delay the House. I thank the Leader and Senators for their positive contributions, questions and comments. We have ensured we understand the direction in which we are going. This important legislation makes a major statement about Ireland's current economic position as it demonstrates that we are prepared to play a full role at every opportunity which arises in Europe. I...

Seanad: Council of Europe Development Bank Bill 2004: Motion for Earlier Signature. (25 Nov 2004)

Noel Treacy: The reason is simple and was alluded to in the debate, namely, that the terms and conditions pertaining to this opportunity to give full membership of the Council of Europe Development Bank expire on 30 November. Consequently, unless we have the judicial and legislative process completed, it will not be possible for Ireland to partake, contribute to and have our representative on the bank.