Results 881-900 of 1,113,410 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Rory O'Hanlon OR speaker:Joan Collins OR speaker:Colm Burke OR speaker:Seán Sherlock OR speaker:Kieran O'Donnell OR speaker:Peter Burke OR speaker:Pearse Doherty OR speaker:Duncan Smith OR speaker:Darren O'Rourke OR speaker:Emer Higgins OR speaker:Mary Lou McDonald OR speaker:Brendan Griffin OR speaker:Patrick Costello OR speaker:Steven Matthews OR speaker:Jim O'Callaghan OR speaker:Réada Cronin OR speaker:Joe Flaherty OR speaker:Thomas Gould OR speaker:Aengus Ó Snodaigh OR speaker:Seán Ó Fearghaíl OR speaker:Aengus Ó Snodaigh06)

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Pearse Doherty: Point out to me one thing in the article that was misleading, in Mr. Makhlouf's view.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Pearse Doherty: First of all, it actually quotes the Central Bank on the senior leadership and it mentions Ms Rowland in relation to that piece.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Pearse Doherty: I will ask just one final question. I wrote to the Central Bank in 2022 about the sale of properties and the banks requiring a test for mica content in relation to the blocks. At the time the Central Bank said it was not aware of that during its engagement with lenders. It is clearly now an operational policy. We have a situation where people who have mica content of 5.5% or 6% are being...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Pearse Doherty: It is.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Pearse Doherty: There are two parts to this. The Bank of Ireland has had extensive engagement on mortgageability with people rebuilding their houses through the scheme. These are not the people I am talking about. I am referring to people who will not get on the scheme because they do not meet the criteria. The banks are saying that if there is mica content, which is the wrong measurement to use, and if...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Pearse Doherty: Maybe an updated chart for the committee would be helpful.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Pearse Doherty: I will come to that in a minute. The Governor made that point in his opening statement, in response to questions from Deputy Boyd Barrett and indeed in the letter to the committee. However, I ask him to acknowledge that Israel is promoting these as war bonds. It is really important to understand where this financing goes to and to what efforts. We know that Israel has killed more...

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 what Mr. Makhlouf has said and I would not expect him to say anything else bar to take what I have said in a serious way, which he has acknowledged, and to go back and look at this and look at what is in the regulation and whether there is a way not to have Ireland as a home country selling these war bonds. I have made my point strongly and often in relation to this. I argue that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Pearse Doherty: But is the directorate gone? I am looking at the structure of the Central Bank of Ireland.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Pearse Doherty: We have a deputy governor of consumer protection at the minute and we have a director. We have a unit of consumer protection. When whistleblowers came to me about money lending, I knew who to go to. I went to the directorate of consumer protection and I sat down to meet them. When we want to talk about defective blocks we can go to the director of consumer protection. Is it 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: Did the director of banking have no responsibility for consumer protection up until now?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Jim O'Callaghan: I welcome the Governor and the two deputy governors. I have a number of questions for Mr. Makhlouf. I will start by looking at the Central Bank's function, which is in respect of providing analysis on national economic policy. Does Mr. Makhlouf agree that the Irish economy is in good health at present?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Jim O'Callaghan: Would Mr. Makhlouf say that the factors that made him conclude it is in good health are full employment, a large surplus, which a lot of countries do not have, and lowering inflation? Is there anything else he would add to that as a symptom of the healthy Irish economy?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Jim O'Callaghan: Mr. Makhlouf mentioned in his statement that we have stronger growth rates than expected. Why is that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Jim O'Callaghan: Of course. Is the large surplus we have unusual in a eurozone context?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Jim O'Callaghan: In terms of the risk to our receipt of corporation tax, is there anything on the immediate horizon, other than what the Central Bank has referred to as geopolitical risks, that pose a risk to the ongoing receipt of those revenues?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Jim O'Callaghan: Is it too specific to say the Central Bank may have a concern about a change in policy in the United States which could have an impact on American multinationals in Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Jim O'Callaghan: We are getting considerable receipts in from the multinational sector but what can be done to try to reduce that? We are not in a position where we want to try to reduce receipts coming in, but what does the Governor advise a government that it should do in respect of trying to lessen dependency on that? It is difficult to do that if one is very successful in a particular area, as we are.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Jim O'Callaghan: On consumer protection, I note the point the Governor is making. He is stating to this committee that the banks' commitment and obligation to provide consumer protection will not be diminished in any way as a result of the changes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Jim O'Callaghan: I would have thought that one of the biggest risks to Irish consumers in respect of financial products, many of which are not regulated financial products, arises in the context of scam advertisements online, whether on Meta or coming over the Internet through other forms. What role should the Central Bank have in respect of that? What role does Ms Rowland play?