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Results 1,041-1,060 of 1,104,994 for in 'Dáil debates' OR (speaker:Damien English OR speaker:Catherine Murphy OR speaker:Peter Fitzpatrick OR speaker:Verona Murphy OR speaker:Louise O'Reilly OR speaker:Pearse Doherty OR speaker:Mick Barry OR speaker:Kathleen Funchion OR speaker:Johnny Guirke OR speaker:Denise Mitchell OR speaker:Patrick O'Donovan OR speaker:Róisín Shortall OR speaker:Gerald Nash OR speaker:Martin Heydon OR speaker:Patricia Ryan OR speaker:Michael Creed OR speaker:Brian Leddin OR speaker:Joe Flaherty OR speaker:Ossian Smyth OR speaker:Michael Healy-Rae OR speaker:Ciarán Cannon OR speaker:Paul Donnelly OR speaker:Thomas Byrne OR speaker:Francis Noel Duffy OR speaker:Ruairi Ó Murchú OR speaker:James Lawless OR speaker:Pádraig O'Sullivan OR speaker:Alan Dillon) 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: 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...

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

Pearse Doherty: I appreciate that, and the European Union should move on this. They should move-----

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

Pearse Doherty: No. At the minute the deputy governor has three directors who operate under that structure. Is it the case that those directors will remain?

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

Pearse Doherty: So those three directorates are gone.

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 director of consumer protection go?

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. So the director of consumer protection unit is gone. Is the director of enforcement and anti-money laundering still remaining?

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

Pearse Doherty: That will remain. Is the director of securities and market supervision gone?

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 the existing structure.

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

Pearse Doherty: I know.

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

Pearse Doherty: I want to know what is going to change. We know there is a director of consumer protection at the minute. That is going.

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.

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

Pearse Doherty: So, will there be a director of enforcement and anti-money laundering?

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