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Seanad: Order of Business (13 Oct 2016)

Rose Conway Walsh: There may be cracks showing in the perfect marriage, but that is for another day.

Seanad: Order of Business (13 Oct 2016)

Rose Conway Walsh: Is it?

Seanad: Order of Business (13 Oct 2016)

Rose Conway Walsh: I will try not to. This week and in the weeks ahead, many people will receive letters informing them that their loans with Ulster Bank, many of which are in arrears, have been transferred to Cerberus. Cerberus is a by-word for murky deals and money lost to the public purse. Project Eagle is an example of the massive discount given in the utmost secrecy. Many of these loans involve farmers...

Seanad: Order of Business (13 Oct 2016)

Rose Conway Walsh: Senator Buttimer is wrong.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Economic Output: Director General, Central Statistics Office (13 Oct 2016)

Rose Conway Walsh: I thank Mr. Dalton for his very informative presentation. I wish to discuss the European collection instruction, particularly around the gathering of data on gender based violence. I would have major concerns about that and I am glad that the CSO consulted the Rape Crisis Centre. I suggest that if there are any moves in that direction, there are very useful statistics gathered by Safe...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Economic Output: Director General, Central Statistics Office (13 Oct 2016)

Rose Conway Walsh: I think Mr. Dalton is right in terms of small and indigenous industries, but one thing the shift of 26% in GDP tells us, is that policy-wise we need to focus more on adding value to those businesses and ensuring they are here to stay. I have really wanted to ask this question since 2013. I want to ask about the role of the CSO in employment figures. I am concerned because in 2013, the CSO...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Economic Output: Director General, Central Statistics Office (13 Oct 2016)

Rose Conway Walsh: There was a change at the time, in terms of the status of farming within the Department of Agriculture, Food and the Marine that influenced that in some way. It comes back to whether there is a role for the CSO in terms of information, knowledge and recommendations that can be made beyond producing statistics. I ask Mr. Dalton to outline if he sees a role there and what is needed for it to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Economic Output: Director General, Central Statistics Office (13 Oct 2016)

Rose Conway Walsh: I very much welcome that. This committee has done a lot of work on insurance and on motor insurance in particular. We suggested some time ago that the CSO might take on a more proactive role in the collation and publication of data related to insurance premiums and awards. Is the CSO examining what role it could play in this area?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Economic Output: Director General, Central Statistics Office (13 Oct 2016)

Rose Conway Walsh: Okay. I thank Mr. Dalton.

Seanad: Order of Business (18 Oct 2016)

Rose Conway Walsh: The latest report on the private sector from the estate agency Savills warns that rents could rise by up to 25% in the next two years. Last week, during the debate on Sinn Féin's Rent Certainty Bill, we pressed the point that the situation in the sector was getting worse and that time was the crucial factor. The Bill would have helped thousands of families in Dublin and throughout the...

Seanad: Order of Business (19 Oct 2016)

Rose Conway Walsh: I wanted to talk about another issue this morning but I have just come from a briefing by the Department of Social Protection about JobPath. I have very many concerns about this. My first concern is that in the west, the provision is made by the private company Seetec. I have nothing against Seetec, but it is a company that is based in Essex in the UK. One of my questions to the...

Seanad: Order of Business (19 Oct 2016)

Rose Conway Walsh: I just think that JobPath deserves a focused session.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Rose Conway Walsh: I thank the Chairman, the Minister and Deputy McGrath. I very much welcome this Bill, particularly the openness to amend and enhance the legislation to benefit people. Many of my questions have already been answered so far. I have a question for Deputy McGrath.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Rose Conway Walsh: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Rose Conway Walsh: I will ask my question, if that is okay.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Rose Conway Walsh: In the absence of this Bill, what would the Minister do differently to rescue or protect mortgage holders? When Deputy Pearse Doherty of Sinn Féin tabled the original Bill in June 2015, the intention was expressed that penal levies would be imposed on the banks to change their behaviour. Has the Minister done anything about that? When was the last time he raised the issue with the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Rose Conway Walsh: Is the Minister happy with the behaviour of the banks in this regard?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Rose Conway Walsh: That is what I am trying to get at. I acknowledge that there have been some shifts which have had a positive impact. We would not be here today to discuss this Bill if the banks were doing what they are meant to do and if the Central Bank was doing what it is meant to do in line with its consumer protection role. I find it quite amazing that the Central Bank is refusing extra powers, or...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Rose Conway Walsh: I understand that. I think that by concentrating on switching, the Minister is under-estimating the ability of people to switch to other banks. I refer in particular to people who are in arrears. Could the Minister give me an opinion on the impact of quantitative easing on the Irish banks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Rose Conway Walsh: Okay. I thank the Minister.

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