Results 841-860 of 1,073,224 for in 'Dáil debates' OR (speaker:Tom Kitt OR speaker:Rose Conway-Walsh OR speaker:Pádraig Mac Lochlainn OR speaker:Mary Butler OR speaker:Robert Troy OR speaker:Jim O'Callaghan OR speaker:Jennifer Whitmore OR speaker:Niamh Smyth OR speaker:Joe O'Brien OR speaker:Joan Collins OR speaker:Pearse Doherty OR speaker:Alan Farrell OR speaker:Mattie McGrath OR speaker:Richard Bruton OR speaker:Marian Harkin OR speaker:Gary Gannon) in 'Committee meetings'
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: To stay on that theme, the Central Bank has now divested from all companies that operate in the occupied territories. Is that the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: Okay. Four of those were Israeli banks, were they?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: Will the witnesses outline the Central Bank's rationale for that decision? It was not forced to take it. It was not a legislative issue. I welcome the decision, obviously.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: I welcome that and thank Mr. Madouros for acknowledging that the questioning in this committee, including my own, has led to this. This is a positive outcome and the Central Bank needs to be acknowledged in relation to that. It is to be hoped the NTMA will follow suit and divest from the rest of its holdings in companies involved in the occupied territories. However, it leads me to the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: I understand this prospectus does not say that, but does Mr. Makhlouf accept that Israel itself is marketing these as war bonds?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: If Mr. Makhlouf or any of his colleagues opens their mobile phone and goes to israelbonds.com, the front page is very clear about supporting the war effort by buying Israeli bonds.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: That is fair enough. Is it correct that Ireland is the home country for Israeli bonds?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: That allows people in Germany and Spain to purchase these bonds because Ireland is the home country and we are part of the European Union.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: Did anybody in the Central Bank reach out to Israel after Britain left the EU and therefore could not be the home country for these bonds?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: Will Mr. Makhlouf check in terms of-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: Mr. Makhlouf has said very clearly that his hands are tied. He did not use those words but there is a legal responsibility on the Central Bank to authorise the sale of these bonds through the Central Bank in Ireland, as the home country, by approving the prospectus. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: Mr. Makhlouf has said that comes from the 2017 European regulations. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: Okay. In those same regulations paragraph 8 reads: The disclosure requirements of this Regulation do not prevent a Member State or a competent authority or an exchange, through its rulebook, from imposing other particular requirements in the context of the admission to trading of securities on a regulated market... Is that not the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: This regulation is about the requirement to provide a prospectus and then for a competent authority to authorise that prospectus. It states very clearly here that the Central Bank as a competent authority can impose "other particular requirements in the context of the admission to trading of securities". Does Mr. Makhlouf acknowledge that the Central Bank has the powers under this...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: When did the Central Bank last approve the prospectus?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)
Pearse Doherty: I am sure Mr. Makhlouf is familiar with this even though it is a big regulation. Article 32 reads: In order to fulfil their duties under this Regulation, competent authorities [which is the Central Bank] shall have, in accordance with national law, at least the following supervisory and investigatory powers: (a) to require issuers, offerors or persons asking for admission to trading on a...