Results 261-280 of 1,052,002 for in 'Dáil debates' OR in 'Committee meetings' (speaker:John Carty OR speaker:Mairead Farrell OR speaker:Brendan Howlin OR speaker:Rose Conway-Walsh OR speaker:Simon Harris OR speaker:Catherine Murphy)

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Catherine Murphy: I am not a member of the committee but I thank the Cathaoirleach very much for giving me the opportunity.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Catherine Murphy: I thank the Cathaoirleach. We all knew both the IBRC and NAMA would be wound down at some point. We are talking about the circumstances which allowed that to happen. I always take issue with the term "profit". If the loans were transferred to NAMA at par value, you would be talking about profit, but when talking about loans handed over with a very significant haircut, the word "surplus"...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Catherine Murphy: We are talking about a very small number of records transferring in the context of this legislation. Mr. Carville is telling me that despite the pain felt by the public, they will never actually have an opportunity to get some sort of historical overview of what happened. There would be records there to provide a chronology of that but they will be destroyed. Have the records prior to the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Catherine Murphy: I find it extraordinary, given the pain that people felt, that they are not going to, at any point, be able to see some of the records. I understand that people's names and certain personal details could not be released but I do not understand why even a general range of things or some of the records relating to some of the biggest transactions would not be held for at least a period of time...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Catherine Murphy: It would require change in other legislation to stop that from happening, and that would have a bearing on liquidations generally. Is that what Mr. Carville is saying? Could it be specific to particular liquidations?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Catherine Murphy: Okay. I might pursue that in a different direction. Mr. Carville talked about other jurisdictions and how NAMA was constructed. There were obviously flaws in the legislation in that there were people who may well have been a director. There was certainly a difficulty with the definitions in the legislation. On the face of it, there are people who got back control of their assets. Is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Catherine Murphy: We all probably hope that something like this will not happen again. However, it is important to make sure we learn some lessons from it in terms of deficiencies. I thank the witnesses.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Rose Conway-Walsh: I will not be long. It is critical, in light of everything that has happened with the waste of people's money and money that could be sent to other places, and we are talking about €321 million by the end of 2024, that the C and AG carry out an investigation into that. Mr. Carville stated that it has done its very best. How do we know it has done its very best, with €321...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Rose Conway-Walsh: It relates to NAMA.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Rose Conway-Walsh: The analysis that has been done says this legislation is also expected to have a neutral impact on the economy. Surely, it cannot be true to say that it will have a neutral impact on the economy. Surely, there has to be a correlation between the activities of NAMA and house prices as they are today.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Rose Conway-Walsh: How much money has been spent on litigation in the cases that are being contested?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Rose Conway-Walsh: I did not give a figure. I asked how much has been spent on litigation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Rose Conway-Walsh: I want to go back to the destroying of records. A question was asked as to whether, as we speak, those records have been destroyed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Rose Conway-Walsh: Can we find out for the committee whether they have been destroyed? If they have not been destroyed we need to make sure we have a paper trail and that we have records that can be analysed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Rose Conway-Walsh: This is not an ordinary liquidation we are speaking about.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Rose Conway-Walsh: As legislators we have to do everything we possibly can to examine what has gone on here. We have to remember that when NAMA was set up it had absolute and total control of the property market, land development and everything else. We now have a situation a number of years later whereby nobody can afford a house with everything that has gone on in the midst of a housing crisis that is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Rose Conway-Walsh: I will leave it there because I want to give a chance to others to contribute.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Rose Conway-Walsh: Who decides what is kept and what is destroyed?

National Vetting Bureau (Children and Vulnerable Persons) (Amendment) Bill 2022: Second Stage [Private Members] (11 Jul 2024)

Réada Cronin: I accept everything the Minister of State said. The Bill is about making sure children and vulnerable adults are safe. That is what is most important. There are different areas of risk. The Bill's provisions are relevant to people going for certain jobs or looking to do volunteering. During the Covid period, there were people in my area delivering food shopping to older people living...

National Vetting Bureau (Children and Vulnerable Persons) (Amendment) Bill 2022: Second Stage [Private Members] (11 Jul 2024)

Paul Donnelly: I do not have much to add to what has been said by my colleagues. This important Bill needs to progress. I hope it is done in a speedy manner and that we have the opportunity to get it passed before the general election. I am not pre-empting the calling of the election. Perhaps the Minister of State will tell us today whether it will happen in September or October. I wish all my...