Results 41-60 of 4,002 for speaker:Rose Conway Walsh

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Rose Conway Walsh: I welcome that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Rose Conway Walsh: How does that compare with switching behaviour in the eurozone as a whole?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Rose Conway Walsh: A rate of 4.5% for customers is just too high. I ask the Governor to continue to look at that in his new role and to see how it can be addressed to give a break to customers and mortgage holders. I have several questions but one leads on from my earlier points. With regard to those interest-only products and non-performing loans, I am concerned about the number of mortgages classed as...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Rose Conway Walsh: I am stuck for time. Customers are telling me that one day the loan leaves the bank and then he or she is dealing with one vulture fund while the next day it is somebody else, and the next day it could be another fund. Are we monitoring how these loans are being bundled and sold on? This is going back to the original crash. This is an important question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Rose Conway Walsh: That is a different question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Rose Conway Walsh: The witnesses are missing the point I made about measuring the loans being bundled, sold on, and then being sold on again. The funds get enormous discounts from the banks in the first place and the consumer is in the middle of all of this. The loan is sold to one vulture fund that makes a certain amount and the loan is then sold on again and the new owner makes a certain amount. Lots of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Rose Conway Walsh: From Mr. Makhlouf's experience of looking at public banking models internationally, is he of the view that we can refocus on the need for such a banking model here?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Rose Conway Walsh: I mean something like the German Sparkasse model.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Rose Conway Walsh: Given that we are caught for time, some reports have been done by Irish Rural Link, for example, and perhaps in his new role Mr. Makhlouf could carry out an assessment of those reports and look again at public banking and send a note to the committee on it. We could have a fuller discussion on it then on another day.

Seanad: An tOrd Gnó - Order of Business (3 Dec 2019)

Rose Conway Walsh: I extend my condolences to the families of Jack Merritt and Saskia Jones, who were both killed in the London Bridge attack. I commend both of these young people, who were champions of the victims of the criminal justice system, for the fantastic work they did during their short lives in the Learning Together programme for victims and the rehabilitation of prisoners. I also commend the...

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Rose Conway Walsh: Sinn Féin opposes this measure because of its cost. In 2010, SARP cost the taxpayer €28.1 million.If its cost continues to increase at the same rate of 55% between 2017 and 2020, it could be as much as €105 million next year. Under the scheme, an employee earning a salary of €1.1 million will be able to write off 30% of his or her income in excess of...

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Rose Conway Walsh: Will the Minister of State clarify the figure?

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Rose Conway Walsh: What does the Minister of State estimate the total to be in 2020?

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Rose Conway Walsh: I do, which is why I want to know the number for 2020.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Rose Conway Walsh: The Minister of State is not giving us the figures.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Rose Conway Walsh: How can the Minister of State ridicule the figure I gave when he does not have the data himself?

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Rose Conway Walsh: I did not. I indicated the basis on which I calculated the figure for next year.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Rose Conway Walsh: It worries me that the Minister of State does not know the figures after 2017 and cannot give a projected figure for 2020. A payment of €2.5 billion in corporation tax suggests that these are wealthy companies. The question is why they do not pay their employees sufficiently to incentivise them to come to Ireland. Why should the taxpayers of this country pay them to do so? I do not...

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Rose Conway Walsh: Yes.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Rose Conway Walsh: I will not be repetitive. It is clear that the Minister of State will not turn on this. We are here to represent people. In fact, the answer the Government got in the by-elections should have made it re-examine things like this and tax fairness. People have nothing left in their pockets because of the tax they are paying and we should not be protecting the 31 people who had incomes of...