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Seanad: Order of Business (3 Feb 2016)

Aideen Hayden: I join with all other Senators in wishing Senator Quinn very well in his retirement. To me, he epitomises the word "gentleman". He is an utter gentleman.I also wish Senators Walsh and Mac Conghail well in their retirement as well as to anybody who has indicated they do not intend to come back to the House. I extend my good wishes to the Cathaoirleach, the Leader of the House and the Deputy...

Seanad: Joint Committee of Inquiry into the Banking Crisis: Statements (2 Feb 2016)

Aideen Hayden: The committee - especially the Senators on the committee, Senators D'Arcy, MacSharry, Barrett and O'Keeffe and its chair, Deputy CiarĂ¡n Lynch - deserve our thanks for carrying out a very difficult task, under well-publicised constraints as to who they could and could not take evidence from. They amassed a wealth of evidence and pulled together a coherent set of analysis and...

Seanad: Order of Business (28 Jan 2016)

Aideen Hayden: I also welcome the publication of the Report of Joint Committee of Inquiry into the Banking Crisis and congratulate the Members of this House who participated in it and put in many hours to ensure the report was completed. I welcome the fact that the Leader has committed to holding a debate on this topic next Tuesday. While I know we have run out of road, it is a pity we are not having a...

Seanad: Credit Guarantee (Amendment) Bill 2015: Committee Stage (28 Jan 2016)

Aideen Hayden: Now.

Seanad: Credit Guarantee (Amendment) Bill 2015: Report and Final Stages (28 Jan 2016)

Aideen Hayden: I thank the Minister of State and his officials for bringing this important legislation before the Seanad. I welcome that it has been supported by all sides of the House, which is indicative of the importance of SMEs and SME financing in this country. As stated by many speakers from all sides of the House, the SME sector in Ireland is critical to the economic recovery of this country,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Banking Sector and Central Bank of Ireland: Discussion (26 Jan 2016)

Aideen Hayden: There is some evidence that there is already nervousness about Brexit in terms of the location of firms within the United Kingdom, and that there is already some fallout from that uncertainty. Are we seeing any evidence of that in the Irish economy?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Banking Sector and Central Bank of Ireland: Discussion (26 Jan 2016)

Aideen Hayden: On behalf of the committee, I thank the Governor and his team for attending today. As we have no further meeting scheduled, on behalf of the Chairman of the committee I would like to thank all members for their contribution to the committee over the term of this Oireachtas.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Banking Sector and Central Bank of Ireland: Discussion (26 Jan 2016)

Aideen Hayden: I have one brief question. Professor Lane mentioned the issues in China and some of the emerging economies. Where would he place the potential British exit from the European Union among risks facing the Irish economy?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Banking Sector and Central Bank of Ireland: Discussion (26 Jan 2016)

Aideen Hayden: I need a question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Banking Sector and Central Bank of Ireland: Discussion (26 Jan 2016)

Aideen Hayden: Would anyone else like to ask a question?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Banking Sector and Central Bank of Ireland: Discussion (26 Jan 2016)

Aideen Hayden: I must intervene here. I have given extended time to this line of questioning but I now ask Professor Lane to answer and conclude. I will then ask any of the members whether they want to ask questions later.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Banking Sector and Central Bank of Ireland: Discussion (26 Jan 2016)

Aideen Hayden: I wish to make a brief point that applies to both Professor Lane and Deputy Boyd Barrett. I have to advise both not to make references in a way that would identify any particular individual who could be identified either from the question or the answer.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Banking Sector and Central Bank of Ireland: Discussion (26 Jan 2016)

Aideen Hayden: I am not trying to cut off Deputy Boyd Barrett. I just want to raise that as a note of caution.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Banking Sector and Central Bank of Ireland: Discussion (26 Jan 2016)

Aideen Hayden: In other words it is a job for the Government.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Banking Sector and Central Bank of Ireland: Discussion (26 Jan 2016)

Aideen Hayden: I am sure there are many who take the view that given the way these operators were bailed out, it is time for them to step up. I have one final question and it relates again to Professor Lane's role in consumer protection. There has been some dissatisfaction with the action of banks relating to vulnerable customers, particularly, as I am sure Professor Lane will know, the introduction by...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Banking Sector and Central Bank of Ireland: Discussion (26 Jan 2016)

Aideen Hayden: I will take the opportunity to ask a few questions. We are all happy to see a decrease in the numbers in mortgage arrears. However, as Professor Lane said in his opening statement, the number of mortgages heading towards the courts has increased quite substantially. He did not raise the issue of buy-to-let mortgages and the number of those in arrears for more than 720 days. The...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Banking Sector and Central Bank of Ireland: Discussion (26 Jan 2016)

Aideen Hayden: It would be great if the professor could send us an answer in writing which we could circulate to committee members. I want to reiterate the point made by Deputy Michael McGrath about rental properties. There has been a massive increase in rents in the past year and a half. There is no question but that people who are renting are trapped and will be for the foreseeable future if the...

Seanad: Credit Guarantee (Amendment) Bill 2015: Second Stage (26 Jan 2016)

Aideen Hayden: Anybody who reads a newspaper or watches television here would imagine the Irish economy revolves around foreign direct investment and companies like Google and Apple. Many of the Senators who have already spoken have pointed out that the SME sector here is central to and is the backbone of our domestic economy. It accounts for approximately 54% of total employment and 70% of total private...

Seanad: Local Government Review: Statements (26 Jan 2016)

Aideen Hayden: I note that many Senators have been involved in bringing forward the issue of councillors and their remuneration. I particularly wish to acknowledge my colleague Senator Denis Landy who has been tireless in his efforts to improve the lot of councillors.I am not going to reiterate the many points that have been made on issues such as the level of remuneration, the level of support and the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Banking Sector and Central Bank of Ireland: Discussion (26 Jan 2016)

Aideen Hayden: We will leave it there. The Governor might like to respond further later. I call Deputy Paul Coghlan.

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