Dáil Issues

Archive for the ‘Finance’ Category

Dáil Issues, Finance, Oral Questions

Dáil Issues, Finance, Parliamentary Questions

 

To ask the Minister for Finance his views on plans to distribute the value of the assets held by a credit union (details supplied) to its members, in view of the fact that the statement issued by the Central Bank on 2 November 2016 made reference only to the return to members of deposits held with the credit union; and if he will make a statement on the matter.

– Clare Daly T.D.
REPLY.

The decision to apply to the High Court to wind up Rush Credit Union Ltd was made by the Governor of the Central Bank. The legal grounds under which the Governor made this decision are set out in the Central Bank and Credit Institutions (Resolution) Act 2011.
I have been informed by the Central Bank that it made an application on 2 November 2016 to the High Court to have joint provisional liquidators appointed to Rush Credit Union Limited. Jim Luby and Tom Rogers of McStay Luby were appointed as joint provisional liquidators on that date by the President of the High Court, Mr Justice Peter Kelly. The full application will be heard on 21 November, when the Central Bank will seek the winding up of Rush Credit Union Ltd. The Central Bank took this action in order to ensure the protection of members’ savings. The credit union will not re-open and all issues relating to the wind down of services will be managed by the Joint Provisional Liquidators.
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Dáil Issues, Finance, National

DÁIL QUESTION addressed to the Minister for Finance (Deputy Michael Noonan)
by Deputy Clare Daly
for ORAL ANSWER on 29/09/2016

To ask the Minister for Finance the steps he is taking to address spiralling insurance costs and the allegations that price signalling by insurance companies is leading them to increase insurance costs to a point that those costs are threatening the capacity of many small businesses to continue in operation.

REPLY.
The Cost of Insurance Working Group, which I chair, is undertaking a review of the factors which are influencing the increased cost of motor insurance.
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Dáil Issues, Dáil Work, Finance, National, Parliamentary Questions

QUESTION NOS: 19,41,50

DÁIL QUESTIONS addressed to the Minister for Finance (Deputy Michael Noonan)
by Deputy Clare Daly.
for ORAL ANSWER on 29/09/2016

* To ask the Minister for Finance his views on the serious allegations and revelations regarding NAMA’s activities both North and South; the steps he has taken to address these matters; his plans to freeze all NAMA activity until such time as a full and thorough inquiry into all aspects of NAMA’s work has concluded; and if he will make a statement on the matter.

– Clare Daly T.D.

For ORAL answer on Thursday, 29 September, 2016.
REPLY.
I assume that the Deputy is referring to allegations of wrongdoing regarding conduct of certain individuals in relation to Project Eagle and in relation to unrelated allegations of disclosure of confidential information.  In each case criminal investigations are being conducted by the appropriate authorities. Any such allegations are of course very concerning and I fully support the full investigation by the appropriate authorities of any alleged illegal behaviour.  However, I am unaware of any allegations of wrongdoing against NAMA itself.
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