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Seanad: Order of Business (22 Nov 2016)

Rose Conway Walsh: It is worth a read, and I suggest the Leader take it home and have some bedside reading. We must also address the flip side of the argument. Continuing with the status quowould deny the island such an economic boost. It is not just an issue for Sinn Féin. It will impact on us all. I ask for a debate to invite the Minister for Finance, Deputy Michael Noonan, to discuss the economic...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Rose Conway Walsh: Many of the questions I wanted to ask have been asked and answered. We have been told that Permanent TSB is over the worst. I welcome this confidence and hope it is well placed. However, we must bear in mind that the bank failed the ECB stress test not 1 million years ago. Only six months ago in a trading statement, Permanent TSB stated it may not generate the return on equity of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Rose Conway Walsh: Mr. Masding has painted a rosy picture. In regard to his statement that the bank is now ready to move on to phase three - growing the group - what does that mean for competition in the Irish banking sector and physically in terms of the bank infrastructure? Can we look forward to the opening of more branches, a better geographical spread of same and more jobs? Will Mr. Masding confirm that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Rose Conway Walsh: I presume that transposes to the branches across rural Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Rose Conway Walsh: Why are there 273 more staff in the organisation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Rose Conway Walsh: To what degree are Mr. Masding's growth plans predicated on the future sale of State shares or on further capital injections to reduce the State's share? Has the bank postponed or slowed down on any initiatives due to Brexit or any other concerns?

Seanad: Commencement Matters: Local Employment Service (23 Nov 2016)

Rose Conway Walsh: I thank the Minister for coming to the House to talk about this very important issue. I speak today in the context of the figures released that 52% of the total number of people unemployed are long-term unemployed and that 82,000 are participating in jobs schemes. I am deeply concerned about the involvement of foreign private contractors delivering similar services to that already provided...

Seanad: Commencement Matters: Local Employment Service (23 Nov 2016)

Rose Conway Walsh: I thank the Minister for the response. In the first instance, in the European Union procurement rules there was no obligation on the Irish Government to privatise these services. I believe it is the wrong direction in which to go. The Minister said this was additionality in terms of the LES and the services already in place. I disagree fundamentally with that because if it quacks like a...

Seanad: Commencement Matters: Local Employment Service (23 Nov 2016)

Rose Conway Walsh: Do they refer back to the Department?

Seanad: Order of Business (23 Nov 2016)

Rose Conway Walsh: Yesterday, I referred to my colleague, Máirtín Ó Muilleoir, who announced a ministerial plan to reform the rates system in the Six Counties. His reform package includes a recognition that small businesses that have not thrived under the previous rates system are in need of assistance. Provincial towns that have not yet benefitted have been mentioned as the areas that will...

Seanad: Order of Business (24 Nov 2016)

Rose Conway Walsh: Tomorrow the global 16 days of action campaign against domestic abuse and violence against women will start. The theme of this year's campaign is to change the conversation around the issue of domestic violence. In the recently launched Women's Aid annual report, some of the headline statistics underlined the need for action from us in the Oireachtas. Up to 42% of reported abuse occurs...

Seanad: Order of Business (24 Nov 2016)

Rose Conway Walsh: As it is 16 days of action, can we ask for the Minister to come in as early as possible during those 16 days?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: It has been an interesting morning in terms of the presentation regarding the stability of the bank and all of that. It is only in the past 20 minutes or so that we have got to the crux of some of the problems coming down the line in terms of the number of people who can expect to lose their homes in the next year, albeit I recognise the efforts the bank says it is making to engage. The...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: When Mr. O'Keeffe says "some", how many does he mean? Is it dozens?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: Would the bank always give the option to a local authority rather than a vulture fund if making a decision on off-loading vacant properties?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: Does the bank foresee itself selling off the non-performing loans to vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: So it would not be residential properties. Mr. O'Keeffe spoke about his reality. Mine is that I attend the court sittings around the country and see the human casualties and the children being put out of their homes. We are already in the middle of a massive housing crisis. What is occurring with the banks and repossessions could further the crisis next year. AIB's having 569 houses in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: Reference was made to the continual communication with the Government. Has there been formal communication between the bank and the Government on changing the criteria for the mortgage-to-rent arrears so as to deal with this? The delegates say the criteria are too restrictive. Has there been formal communication with the Government that this needs to be changed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: When does Mr. O'Keeffe expect the review of the mortgage-to-rent scheme to be concluded?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Allied Irish Banks (24 Nov 2016)

Rose Conway Walsh: In the programme for Government, there are several commitments, one being on the establishment of a dedicated new court to expeditiously and sensitively handle mortgage arrears and other personal insolvency cases through imposing solutions, including those recommended by the new service. The hearings of this court will be held in private if requested by the debtor. What is the bank's view...

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