Results 21-30 of 30 for nama speaker:Dara Calleary

Loan Guarantee Scheme: Motion (Resumed). (20 Oct 2010)

Dara Calleary: ...process, banks have begun to retrain their staff in the basic skills of lending, as a number of Deputies have mentioned this evening, and this process should be accelerated. The purpose of NAMA is to remove uncertainty about the banks' balance sheets, clean them up and provide them with an ability to access liquidity, thereby facilitating the availability of credit to the real economy. To...

Seanad: Whistleblowing in the Financial Sector: Statements (2 Jun 2010)

Dara Calleary: ...range of persons and there is a redress process available under Schedule 2 in respect of employees who consider they have been penalised. In addition, section 203 imposes a positive obligation on NAMA to report suspicion of crimes to appropriate law enforcement authorities. The Central Bank and Financial Services Authority of Ireland has also published a whistleblower policy for its own...

Strategic Investment Bank: Motion. (27 Apr 2010)

Dara Calleary: ...signs for the economy are appearing. Unemployment shows signs of stabilising, retail sales have picked up and there have been improvements in credit levels. The first transfers of loans to NAMA have taken place and it is clear that the NAMA evaluation process has demonstrated a rigour and thoroughness that augur well for success in this vital task. We have seen the Financial Regulator's...

Banking System: Statements (1 Apr 2010)

Dara Calleary: ...that exist and it shows that this Government is determined to tackle the problems head on in order to ensure we get out of this crisis as quickly as possible. I now want to deal specifically with NAMA. The House is aware that the first loans have transferred to the agency. NAMA must ensure the best possible return for the taxpayer and this is why it has taken such a careful approach to...

Seanad: Tourism Industry: Statements (4 Mar 2010)

Dara Calleary: ...are exacerbated by lower visitor numbers. Some of these problems must be addressed by the tourism industry. Others are being addressed generally by the Government, for example, through NAMA and the issue of supply of credit to businesses generally. The Government will continue to work with the industry to help the sector manage its way through these difficulties by stimulating demand,...

Seanad: Tourism Industry: Statements (4 Mar 2010)

Dara Calleary: ...asking the Department of Justice, Equality and Law Reform to seek practical solutions to deal with the issue. I have spoken about credit supply many times in this House. We are continuing through NAMA to pursue policies to ensure credit supply will become available once we get a properly functioning banking system. The tourism sub-group of the main credit supply steering group met on 24...

National Asset Management Agency Bill 2009: Second Stage (Resumed) (17 Sep 2009)

Dara Calleary: ...the economy. On the other side of the balance sheet, we have introduced a range of fiscal cuts - all opposed - in order to show that as a country we were gearing ourselves for the downturn ahead. NAMA and the proposals outlined in detail yesterday by the Minister, Deputy Brian Lenihan, provide us with a direction and purpose for how we will proceed. I agree with much of what Deputy...

National Asset Management Agency Bill 2009: Second Stage (Resumed) (17 Sep 2009)

Dara Calleary: NAMA is certainly not a get-out clause and I welcome Deputy Simon Coveney's remarks that he saw it as not being a get-out clause for the developers and those that fate has thrown around. Loans will be followed up. Those who have the loans will still be followed up in the same fashion as they were previously. While NAMA will ultimately solve the fiduciary and monetary issues facing our...

National Asset Management Agency Bill 2009: Second Stage (Resumed) (17 Sep 2009)

Dara Calleary: ...a functioning banking system within seven weeks, which is what Deputy Lee has been promising. We have a chance to lead the debate in this House. While we are not saying it is perfect, through NAMA we have a chance to complete the work that was started with the guarantee by sharing ideas and making suggestions. I would love to see a response to the Minister's letter to leaders of the...

Seanad: OECD and IMF Reports: Statements (10 Jul 2009)

Dara Calleary: ...the bank guarantee scheme, and it has also endorsed our decision to set up the National Asset Management Agency. The IMF's assessment is that if well managed, the distressed assets acquired by NAMA could over time produce a recovery value to compensate for the initial fiscal outlays. The Government's approach to tackling the financial crisis has at all times been structured and...