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Seanad Committee on the Withdrawal of the United Kingdom from the European Union: Engagement on Citizenship Rights: Professor Colin Harvey, Mr. Liam Herrick and Mr. Michael Farrell (27 Apr 2017)

Neale Richmond: I thank the witnesses for their excellent presentations, which are food for thought for the committee. As we are getting closer to 4 p.m. I will take members' questions together and I ask them to try to limit their comments or questions to two minutes at most. I will call Senator Higgins first.

Seanad Committee on the Withdrawal of the United Kingdom from the European Union: Engagement on Citizenship Rights: Professor Colin Harvey, Mr. Liam Herrick and Mr. Michael Farrell (27 Apr 2017)

Neale Richmond: I will throw it back to the three witnesses. Does anyone in particular wish to begin? I will not set an order this time. I will let them come in to address some of the points made and questions asked.

Seanad Committee on the Withdrawal of the United Kingdom from the European Union: Engagement on Citizenship Rights: Professor Colin Harvey, Mr. Liam Herrick and Mr. Michael Farrell (27 Apr 2017)

Neale Richmond: I ask Professor Harvey to be brief as we must move on to his two colleagues.

Seanad Committee on the Withdrawal of the United Kingdom from the European Union: Engagement on Citizenship Rights: Professor Colin Harvey, Mr. Liam Herrick and Mr. Michael Farrell (27 Apr 2017)

Neale Richmond: I thank Mr. Farrell and all the other witnesses for appearing before the committee and for giving so much of their time, expertise and knowledge. It is greatly appreciated and will feed into the work of the committee. The committee now has some housekeeping to do so I ask members not to leave just yet as we will go in to private session.

Seanad Committee on the Withdrawal of the United Kingdom from the European Union: Engagement with Central Bank of Ireland (4 May 2017)

Neale Richmond: Apologies have been received in advance of the meeting from Senator Frances Black, whose substitute is named as Senator Grace O'Sullivan. Before we begin, I remind members and witnesses to switch their mobile phones off or to airplane mode. On behalf of the committee, I am delighted to welcome Dr. Gabriel Fagan from the Central Bank of Ireland and his colleagues, Mr. Mark Cassidy and Ms...

Seanad Committee on the Withdrawal of the United Kingdom from the European Union: Engagement with Central Bank of Ireland (4 May 2017)

Neale Richmond: I thank Mr. Fagan. Before I bring colleagues in, I have three quick questions. On authorisations, Mr. Fagan mentioned a number of inquiries. How many applications for authorisation have been received and what is the average waiting time to process them? Mr. Fagan mentioned the opportunity in respect of trade expansion. Is he interested in sharing the names of those countries or regions...

Seanad Committee on the Withdrawal of the United Kingdom from the European Union: Engagement with Central Bank of Ireland (4 May 2017)

Neale Richmond: I thank Senator Craughwell. We have 20 minutes remaining with three more speakers indicating and the responses from the Central Bank. Let me repeat that I ask all Senators to keep their contributions to questions, and ideally, to limit them to one to two minutes. That applies to everyone and I am not just picking on the most recent speaker.

Seanad Committee on the Withdrawal of the United Kingdom from the European Union: Engagement with Central Bank of Ireland (4 May 2017)

Neale Richmond: I thank members for their contributions. I will now revert to Dr. Fagan and his colleagues. . Senator Michael McDowell: I have one tiny question. In respect of the depreciation of sterling, is that regarded as permanent or semi-permanent or is it something that might disappear? Have the witnesses any views on that?

Seanad Committee on the Withdrawal of the United Kingdom from the European Union: Engagement with Central Bank of Ireland (4 May 2017)

Neale Richmond: I thank Senator McDowell.

Seanad Committee on the Withdrawal of the United Kingdom from the European Union: Engagement with Central Bank of Ireland (4 May 2017)

Neale Richmond: I do not think we want to dwell on this too much.

Seanad Committee on the Withdrawal of the United Kingdom from the European Union: Engagement with Central Bank of Ireland (4 May 2017)

Neale Richmond: If the Senator would allow me to speak, I will address this. I am not saying she cannot speak. I shall allow both Senators back in very briefly for a 30 second intervention, just for follow up questions as we are very pushed and against the clock. I will start with Senator Daly as he indicated first and then Senator Mulherin.

Seanad Committee on the Withdrawal of the United Kingdom from the European Union: Engagement with Central Bank of Ireland (4 May 2017)

Neale Richmond: I thank Dr. Fagan. I thank all the witnesses for their excellent responses to the vast range of questions from all colleagues. I thank members for their contributions.

Seanad Committee on the Withdrawal of the United Kingdom from the European Union: Engagement with Enterprise Ireland (4 May 2017)

Neale Richmond: I welcome Mr. Kevin Sherry, Mr. Garrett Murray and Ms Anne Lanigan from Enterprise Ireland. Members are reminded of the long-standing parliamentary practice to the effect that they should not comment on, criticise or make charges against a person outside the Houses or an official either by name or in such a way as to make him or her identifiable. By virtue of section 17(2)(l) of the...

Seanad Committee on the Withdrawal of the United Kingdom from the European Union: Engagement with Enterprise Ireland (4 May 2017)

Neale Richmond: Before calling on my colleagues, I will ask a brief question myself. Mr. Sherry referred to helping EI's clients to seek and target new markets. What are the ideal target markets and where should the Irish economy be looking in order to expand post-Brexit, either through potential new EU trade deals or in markets where we have an existing footprint but where there is also more scope in...

Seanad Committee on the Withdrawal of the United Kingdom from the European Union: Engagement with Enterprise Ireland (4 May 2017)

Neale Richmond: I thank Senator O'Reilly.

Seanad Committee on the Withdrawal of the United Kingdom from the European Union: Engagement with Enterprise Ireland (4 May 2017)

Neale Richmond: High and worthy praise.

Seanad Committee on the Withdrawal of the United Kingdom from the European Union: Engagement with Enterprise Ireland (4 May 2017)

Neale Richmond: Before Mr. Sherry responds, Senator Mulherin has indicated.

Seanad Committee on the Withdrawal of the United Kingdom from the European Union: Engagement with Enterprise Ireland (4 May 2017)

Neale Richmond: I thank Ms Lanigan. I was going to ask the same question as Senator Craughwell - great minds. I thank all three representatives from Enterprise Ireland for their extensive answers to the questions and for the original presentation by Mr. Sherry. It was very on point and exactly what we were looking for. As Senator Craughwell said earlier, I want to commend the effort of Enterprise...

Seanad Committee on the Withdrawal of the United Kingdom from the European Union: Engagement with Industry Representatives (4 May 2017)

Neale Richmond: We are back in public session. I do not intend to spend too long on introductions as we have so much ground to cover with our excellent witnesses. I draw the attention of witnesses to the fact that by virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute privilege in respect of their evidence to the committee. However, if they are directed by the...

Seanad Committee on the Withdrawal of the United Kingdom from the European Union: Engagement with Industry Representatives (4 May 2017)

Neale Richmond: I thank Mr. Dillon for his very insightful introduction. We will come back to him and Mr. Brady during the questions and answers sessions. I will now move straight on to Ms Patricia Callan, director of the Small Firms Association.

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