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

Aideen Hayden: I have several questions, but before I ask them, will Professor Honohan respond to Deputy Fleming's questions on quantitative easing?

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

Aideen Hayden: Several other Deputies would like to speak again, but prior to that I will put several quick points. Professor Honohan spoke about the banks' cost of funds. All of the banks have come before the committee and we have gone through the shenanigans of listening to them justify why the variable rate is higher than the European norm. All of the answers we have received are to do with the cost...

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

Aideen Hayden: There is a book in that statement.

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

Aideen Hayden: That is a very interesting answer. I take it Professor Honohan is giving the Central Bank an A+.

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

Aideen Hayden: If the Deputy wants to come in very quickly, we will put both questions together.

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

Aideen Hayden: That is what we will do.

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

Aideen Hayden: If there are other questions, they may be asked now. We are going to take the remaining questions in one group.

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

Aideen Hayden: Does Deputy Paul Murphy have a final question?

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

Aideen Hayden: That is quite a range of questions for Professor Honohan.

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

Aideen Hayden: The Bill reducing the bankruptcy term to one year.

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

Aideen Hayden: On behalf of the joint committee, I thank Professor Honohan for his engagement with the committee today and in the past. On my behalf, I commend him on his work at the Central Bank over the past number of very difficult years. On behalf of the committee, I wish Professor Honohan every success in the next stage of his life.

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

Aideen Hayden: I propose that we go into private session for a few minutes. Is that agreed? Agreed.

Seanad: Order of Business (27 May 2015)

Aideen Hayden: I agree with other Senators who have asked for a debate on the issue of Aer Lingus. I am sure the Leader will facilitate that. Like many people, Aer Lingus to me is "Look up, it's Aer Lingus". I have huge emotional attachment to it. A very interesting case has been made by the Minister, Deputy Paschal Donohoe, in the past 24 hours relating to the future of Aer Lingus and the fact that it...

Seanad: Customs Bill 2014: Second Stage (26 May 2015)

Aideen Hayden: The Customs Bill 2014 seeks to consolidate and modernise national legislation relating to the administration of customs into a single Bill. As we saw in the legislation itself and from the Minister of State’s comprehensive statement, bar two particular sections, the Bill seeks to rationalise and improve existing legislation. It also seeks to consider the European dimension to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: European Commission Country Specific Recommendations: Commissioner for Economic and Financial Affairs, Taxation and Customs (26 May 2015)

Aideen Hayden: My first question is on country-specific recommendations in their totality. I read a statistic, although I cannot remember where, that 85% of all country-specific recommendations have not been acted upon. I am sure the statistic is incorrect, even though I cannot provide the correct one. However, the existence of such a statistic has led me to question whether the process has merit and...

Seanad: Order of Business (14 May 2015)

Aideen Hayden: I wish to point out that the Minister for Health is currently in front of the Joint Committee on Health and Children.

Seanad: Order of Business (14 May 2015)

Aideen Hayden: Like many people, I have been listening to the coverage of the scenario at Midland Regional Hospital in Portlaoise. It has been truly harrowing to listen to the accounts of some of the women who were interviewed following the meeting last night. The Minister, Deputy Varadkar, sat for five or six hours last night and listened to the stories of all of those people with deep respect. As...

Seanad: Order of Business (14 May 2015)

Aideen Hayden: I understand the Minister for Finance wants MABS to be a friend in those in distress. MABS has always a been a friend to those in distress. I would like to hear soon how the Minister plans to enhance that friendship role and what resources he plans to put into it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Aideen Hayden: I welcome Mr. Jeremy Masding, group chief executive officer, Permanent TSB, who is accompanied by Mr. Glen Lucken, group chief financial officer, Mr. Shane O'Sullivan, managing director of the asset management unit, and Mr. Ger Mitchell, mortgage, consumer finance and insurance director. I also welcome the inter-parliamentary group from the Bundestag who are in the Visitors Gallery. I hope...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Aideen Hayden: I propose that speakers will have approximately ten minutes each if that is okay. We will follow the normal pattern.

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