Results 61-80 of 3,454 for speaker:Jennifer Carroll MacNeill

Seanad: Credit Union (Amendment) Bill 2022: [Seanad Bill amended by the Dáil] Report and Final Stages (5 Dec 2023)

Jennifer Carroll MacNeill: This is about empowering the credit union boards to better manage their own governance to allow them to focus and concentrate on strategy and development rather than detailed operational matters. This grouping addresses the following issues: organisational matters regarding the delivery of notices of meetings, documents, annual accounts and the calling of meetings; a quorum for a general...

Seanad: Credit Union (Amendment) Bill 2022: [Seanad Bill amended by the Dáil] Report and Final Stages (5 Dec 2023)

Jennifer Carroll MacNeill: I would like to take this opportunity to thank all of the people involved in this collaborative piece of work: my predecessor, the Minister for State, Deputy Sean Fleming, who introduced the Bill into this House; and my officials on the credit union policy team, Catherine and Miriam in particular, who have done extraordinary work on this. I also thank the representative bodies - the ILCU;...

Committee on Public Petitions: Reform of Insurance for Thatched Heritage Buildings: Discussion (30 Nov 2023)

Jennifer Carroll MacNeill: I will make my opening statement and then also address perhaps a number of issues in response to the letter where we may have different or other information that it may be helpful for the committee for us to clarify. I thank the committee for the invitation to join it here today. I acknowledge Ms McNelis's letter to the committee. We share a common interest, which is ensuring that...

Committee on Public Petitions: Reform of Insurance for Thatched Heritage Buildings: Discussion (30 Nov 2023)

Jennifer Carroll MacNeill: Sorry, could the Chair give more detail on which ones?

Committee on Public Petitions: Reform of Insurance for Thatched Heritage Buildings: Discussion (30 Nov 2023)

Jennifer Carroll MacNeill: I think so. The purpose of the directive is to make sure there is as competitive a market as possible within the Single Market and within each member state in the Single Market in order to make sure the State is not doing things which will reduce competition or have a market intervention effect and make sure that at the same time as having a competitive market you have insurers who have the...

Committee on Public Petitions: Reform of Insurance for Thatched Heritage Buildings: Discussion (30 Nov 2023)

Jennifer Carroll MacNeill: I will check my notes, but I am confident that we have raised thatched buildings along with every other pinch point that we had at the time with every insurance company operating in the market that I have ever met. Some of those matters have since been resolved. This morning, my officials met a new potential entrant in the market. That is commercially sensitive because the company has not...

Committee on Public Petitions: Reform of Insurance for Thatched Heritage Buildings: Discussion (30 Nov 2023)

Jennifer Carroll MacNeill: We are always very happy to come in here and outline the work we are doing. The purpose of the work is to provide a more stable insurance market for policyholders and to reduce prices. We are very happy to outline that at any stage. In the dialogue that I have with insurers, we are having a pretty straightforward conversation at the moment on motor insurance. It is a direct conversation...

Committee on Public Petitions: Reform of Insurance for Thatched Heritage Buildings: Discussion (30 Nov 2023)

Jennifer Carroll MacNeill: As regards insurance cover and a solution, the reality is that there are two problems: the accessibility and then the cost, having regard to not only the increased risk of fire but also the scale of damage if there is a fire. I will give the Senator a sense of the issues. My officials met on 16 November representatives from the Treasury in the UK. They confirmed that availability is an...

Committee on Public Petitions: Reform of Insurance for Thatched Heritage Buildings: Discussion (30 Nov 2023)

Jennifer Carroll MacNeill: As the Deputy has said, this work is part of the broader insurance reform programme through which we have made many changes to make the conditions for insurance better, to drive down premiums and to make the market more stable and predictable. A large part of that is strengthening the Personal Injuries Assessment Board, PIAB, and making that system really work. The Deputy will recall that,...

Committee on Public Petitions: Reform of Insurance for Thatched Heritage Buildings: Discussion (30 Nov 2023)

Jennifer Carroll MacNeill: It is the whole of the Government. The Cabinet subcommittee is led by the Tánaiste and was previously led by the now Taoiseach. This really is a whole-of-government commitment. The Minister of State, Deputy Calleary, and I met with Insurance Ireland just this morning. We are very much working together on this programme. We are determined to see it work and to investigate every...

Committee on Public Petitions: Reform of Insurance for Thatched Heritage Buildings: Discussion (30 Nov 2023)

Jennifer Carroll MacNeill: On the first piece regarding the group scheme, officials from the Department are always happy to engage. Indeed, they have engaged with representatives of the thatched building group. They will always be available to continue that conversation and to provide guidance and answer questions. Officials are already advocating with different brokers, insurance companies and underwriters in this...

Committee on Public Petitions: Reform of Insurance for Thatched Heritage Buildings: Discussion (30 Nov 2023)

Jennifer Carroll MacNeill: What is probably the most significant insurer at the moment has indicated its continued participation in the market. There is support for the report by the Minister of State, Deputy Noonan. The fire risk is significant; there is no question about it. To the extent that this risk can be mitigated, a thatched-roof property with radiators is very different from a thatched building with a...

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: This was an amendment to section 67 which was no longer needed because it was dealt with by an amendment to section 17. It is a simply a tidying up and rebalancing. There were a number of matters the Deputy asked me about on Committee Stage, which I will be happy to address on Fifth Stage if he wishes.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I will, if that is okay. I thank the Deputy for his support on the passage of this Bill. I know he acknowledges the importance of it to the sector. The sector is very encouraged by the broad support in the House for the credit union sector and for legislation that will enable it to provide much more support and financial services to the people of Ireland. This is very significantly...

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: He asked me about the oversight by the Oireachtas of the Minister in setting the maximum interest rate in the legislation. We had a very good discussion about that on Committee Stage. I would point out that there are a number of safeguards in section 38 that replicate similar provisions for ministers for finance in other areas in relation to the setting of rates or levies generally....

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: He raised the effect of that on credit unions. Just this week I met the two deputy governors of the Central Bank. I raised the need to perform timely reviews with them and said I was concerned that the review period was migrating towards five years between the establishment of the regulations and having the review. I have also made this view very clear and plain to the Governor of the...

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I move amendment No. 9: In page 29, line 34, to delete “7. Determination” and substitute the following: “6. Determination”.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I move amendment No. 10: In page 29, line 36, to delete “8. Provision” and substitute the following: “7. Provision”.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I move amendment No. 11: In page 30, line 1, to delete “9. The” and substitute the following: “8. The”.