Results 241-260 of 1,760 for speaker:Aideen Hayden

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (11 Jun 2015)

Aideen Hayden: As we are touching on my favourite topic, I will bring the meeting to a conclusion. On behalf of the committee, I thank Professor McHale, Dr. O'Sullivan, Dr. Kearney and Dr. Conefrey for appearing before the committee today.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)

Aideen Hayden: This is part of a wider picture of bank supervision, bank resolution and the guarantee of deposits at European level. At the end of 2013, 24 of the 123 banks subjected to the stress tests fell below the capital requirements, including permanent tsb, following which it mended its hand. How many of the banks that failed those tests have managed to meet the level of capital required or has any...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)

Aideen Hayden: I ask because in the three pillar scenario, in which we are trying to separate sovereign debt from bank debt and put in place a resolution mechanism, the quality of the mechanism will depend on the quality of the banks involved. I presume the fund only applies to those banks that have satisfied the stress tests in terms of meeting the capital requirements.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)

Aideen Hayden: How stable is the European banking system? We were talking about whether €55 billion would cover it in the event of a euro collapse. Of the banks still failing in meeting the capital requirements, are any of them Greek? Given the recent comments by the Prime Minister, Mr. Tsipras, to the effect that a Greek exit would bring down the euro and cause contagion within the entire euro...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)

Aideen Hayden: What if they do not do this?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)

Aideen Hayden: That is a bit like saying my child is not performing at school, so I will bring him into the headmaster to have a good talk with him.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)

Aideen Hayden: Can we go a bit further than that? They are brought in for recovery. What happens if a bank does not recover? Have banks within the eurozone that are in the bad boy category been brought into the headmaster for recovery before moving up the food chain? Obviously, the restructuring fund is not yet in place. Where do we really stand? Deputy Boyd Barrett has raised an interesting point....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)

Aideen Hayden: Who pays for the recovery? If a supervisor goes in and decides that a recovery is needed, who pays for that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)

Aideen Hayden: Is Mr. Carrigan referring to the bank that is in need of help?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)

Aideen Hayden: It pays with money it does not have.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)

Aideen Hayden: I do not want to be mean when I say we know there are patients on trolleys, but resolving the crisis in our hospitals and reforming the HSE is a totally different matter. My final question relates to the €55 billion. What happens to that money when it is sitting around and hopefully not ever being used? Is it being put to any useful function?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)

Aideen Hayden: I worked once as a solicitor. There were plenty of wards of court who had vast sums of money invested in blue-chip stocks that turned out not to be quite so blue-chip. We should hope the €55 billion is invested in small firms or small and medium-sized enterprises.

Seanad: Order of Business (10 Jun 2015)

Aideen Hayden: On the issue of lead pipes, which came to public attention a short while ago, there is an implication in some of the media reports that Irish Water discovered the problem and wrote to 28,000 households to advise that they had lead pipes that are a health hazard. I find it somewhat disturbing. It is my understanding that lead piping was used to supply households up to the 1970s and even up...

Seanad: Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (10 Jun 2015)

Aideen Hayden: On the anniversary of the death of the late Brian Lenihan, we should all reflect on the contribution he made to political life in the country and the part he played in resolving the crisis the country faced. I very much respect the role played by Deputy Catherine Murphy in this entire matter, as well as the roles played by Fianna Fáil, Sinn Féin, the Labour Party and the Minister....

Seanad: Order of Business (9 Jun 2015)

Aideen Hayden: As a member of the Constitutional Convention, I was somewhat disappointed that the Government sought to push the presidential age issue ahead of other issues that, in my opinion, are far more core, including issues of economic, social and cultural rights and, in particular, the right to a home. Within that context and in the context of the rights of children, it was recently brought to my...

Seanad: Order of Business (9 Jun 2015)

Aideen Hayden: Justice for the disappeared.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)

Aideen Hayden: Apologies have been received from Senator Marc MacSharry. I welcome Professor Patrick Honohan, the Governor of the Central Bank of Ireland. Professor Honohan has appeared before the joint committee many times and we are pleased to welcome him again, perhaps for his final appearance. The format will be that Professor Honohan will make some opening remarks, after which we will have a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)

Aideen Hayden: I must alert Professor Honohan about the time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)

Aideen Hayden: Deputy Fleming will have an opportunity to come in.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector: Central Bank of Ireland (28 May 2015)

Aideen Hayden: One.