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Judicial Appointments Commission Bill 2017: Second Stage (Resumed) (28 Jun 2017)

Colm Brophy: I support the Bill. I believe it is a modern, progressive proposal. I would like to see its passage take place as quickly as possible. I would find it regrettable if any efforts were made to hold up this important legislation for either party political or personal reasons. As legislators, we have a duty to the people who put us in this House to ensure that this very important legislation...

Joint Oireachtas Committee on Justice, Defence and Equality: Court of Appeal Appointment: Discussion (28 Jun 2017)

Colm Brophy: On a point of order, is it appropriate for any Deputy on this committee not to allow somebody to answer a question? Should the Chair not take action in this matter? I was under the impression this was a two-way flow and I cannot see how we benefit-----

Select Committee on Justice and Equality: Mediation Bill 2017: Committee Stage (28 Jun 2017)

Colm Brophy: Taking from what the Minister said and acknowledging what Deputy Wallace is attempting to do, I think we need to be careful that we are not just putting things into it literally for the sake of putting a belt and braces on something that is not necessary if it has been done in other parts of the Bill, particularly with the option that it can be done later if there is still reservation or...

Committee on Budgetary Oversight: Capital Investment: European Investment Bank (29 Jun 2017)

Colm Brophy: I welcome Mr. Andrew McDowell, vice president of the European Investment Bank, EIB, and Mr. Cormac Murphy who is head of the EIB Dublin office. We will be looking at the issue of capital investment. Before I begin, I remind members and witnesses to turn off their mobile phones. Interference from mobile phones affects sound quality and transmission. I draw the witnesses' attention to the...

Committee on Budgetary Oversight: Capital Investment: European Investment Bank (29 Jun 2017)

Colm Brophy: A number of members have indicated their desire to contribute. I will open up the discussion and call Deputy Broughan who was the first to indicate.

Committee on Budgetary Oversight: Capital Investment: European Investment Bank (29 Jun 2017)

Colm Brophy: To be fair, Deputy Eamon Ryan is asking a set of questions and Deputy Broughan is picking up on a separate issue.

Committee on Budgetary Oversight: Capital Investment: European Investment Bank (29 Jun 2017)

Colm Brophy: Deputy Ryan might answer for himself. We will allow Mr. McDowell to continue.

Committee on Budgetary Oversight: Capital Investment: European Investment Bank (29 Jun 2017)

Colm Brophy: We are moving from our own area into a different one.

Committee on Budgetary Oversight: Capital Investment: European Investment Bank (29 Jun 2017)

Colm Brophy: I presume Deputy Boyd Barrett wants to come in on this. I am glad he was able to make it back to us. His timing was very good.

Committee on Budgetary Oversight: Capital Investment: European Investment Bank (29 Jun 2017)

Colm Brophy: Deputy Boyd Barrett had commitments elsewhere.

Committee on Budgetary Oversight: Capital Investment: European Investment Bank (29 Jun 2017)

Colm Brophy: To be fair, an awful lot of this has been covered in great detail although the Deputy was not here for it.

Committee on Budgetary Oversight: Capital Investment: European Investment Bank (29 Jun 2017)

Colm Brophy: I understand. It is just for the sake of our witnesses.

Committee on Budgetary Oversight: Capital Investment: European Investment Bank (29 Jun 2017)

Colm Brophy: Yes. Perhaps the Deputy has a more specific comment.

Committee on Budgetary Oversight: Capital Investment: European Investment Bank (29 Jun 2017)

Colm Brophy: Time is running out.

Committee on Budgetary Oversight: Capital Investment: European Investment Bank (29 Jun 2017)

Colm Brophy: I acknowledge Mr. McDowell is pressed for time but I have one question, which relates to something we have not discussed. In his opening remarks, he specifically made reference to Brexit and the ownership of the EIB. We are losing a major member state in terms of the ability of the bank to finance the excellent project work he has outlined. Will Brexit mean the UK will leave the EIB...

Committee on Budgetary Oversight: Capital Investment: European Investment Bank (29 Jun 2017)

Colm Brophy: The key matter is the capitalisation. Ultimately, the only thing that guarantees the security of everything, from the AAA rating to the ability of the bank to perform at its optimum level, is for the remaining 27 to effectively guarantee to replace that capital from their own resources. More than anything else, that will have a direct impact on the ability of the bank to finance future lending.

Committee on Budgetary Oversight: Capital Investment: European Investment Bank (29 Jun 2017)

Colm Brophy: I thank the witnesses very much for their contributions. As a committee we appreciate them coming here to speak with us.

Joint Oireachtas Committee on European Union Affairs: European Agenda Developments: Minister of State at the Department of Foreign Affairs and Trade (5 Jul 2017)

Colm Brophy: I join the Chairman and colleagues in wishing the Minister of State well in her new role which I have no doubt her excellent abilities will enable her to perform very well. There are a number of issues arising from her contribution, one of which is the migration crisis. It was very disappointing to hear some of the recent comments made by countries. I fully understand that for ones...

Committee on Budgetary Oversight: Business of Select Committee (12 Jul 2017)

Colm Brophy: We are an agreeable committee.

Committee on Budgetary Oversight: Business of Select Committee (12 Jul 2017)

Colm Brophy: I join other colleagues in congratulating Deputy Madigan on her appointment as our new chairperson. I wish her all the very best with it. Having known her since our election last year, I have no doubt she will do an excellent job.

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