Financial services lobbying in Leinster house

[Greengoddess]

Transparency anyone?

http://www.nessachilders.ie/press/na...667914346.html

[DCon]

Some recent Dail debate on the IFSC Clearing House Group here

http://www.kildarestreet.com/debates...12-03-13.257.0

[Dr. FIVE]

Thread here.

I always find the word lobbying inappropriate in these cases as it suggests Fine Gael would need convincing.

Here's Enda at the launch of the new (same) IFSC strategy last year. Worth noting who the people behind actually represent. The foxes are given free reign to run the henhouse.

[ame="http://www.youtube.com/watch?v=61cR7d7ZFG8"]Weasel Words Champion 2011 - YouTube[/ame]

An Taoiseach was also guest of honour at the Irish Funds Industry Association conference last year we're he made great efforts to assure the industry "my door is always open"
The audio below is part of Kenny's speech that didn't feature in the text released.

[ame="http://www.youtube.com/watch?v=5bGL0VxmAM8"]My door is always open - YouTube[/ame]

Micheal Noonan included no less then 21 measures designed to benefit the IFSC in this years Finance bill

[MPB]

Some recent Dail debate on the IFSC Clearing House Group here

http://www.kildarestreet.com/debates...12-03-13.257.0

It only pays 1 billion a year in tax and this includes the income tax of 33,000 workers?

So this tax haven for global financial institutions funnels trillions through the IFSC and contributes about 600 million in profit tax to the Irish Exchequer?

I wonder if their bankruptcy was ever discussed at these monthly meetings?

I find it bewildering that these doyennes of the financial world were meeting every month with our Dept of Finance, Dept of the Taoiseach, Dept of Trade officials and yet none of them were aware of the impending Banking crash.

Liars the lot of them.

This country needs a massive public inquiry into the events that led to the Bank guarantee and a clearout of the top 5 levels of every Govt Dept, along with the retraction of all pension and top up payments made to Dept Secretaries retired in the last 10 years.

[PaddyJoe]

Transparency anyone?

http://www.nessachilders.ie/press/na...667914346.html

Interesting. What form do the documents released under FOI take? Dates and lists of attendees at meetings?

[Greengoddess]

Interesting. What form do the documents released under FOI take? Dates and lists of attendees at meetings?

Yes there is a lot of it. We have scanned it into a folder. I am not sure how to get files like that in to a thread though.

[Dr. FIVE]

They could be uploaded to http://www.scribd.com/, http://www.documentcloud.org/home or https://docs.google.com/

[C. Flower]

It only pays 1 billion a year in tax and this includes the income tax of 33,000 workers?

So this tax haven for global financial institutions funnels trillions through the IFSC and contributes about 600 million in profit tax to the Irish Exchequer?

I wonder if their bankruptcy was ever discussed at these monthly meetings?

I find it bewildering that these doyennes of the financial world were meeting every month with our Dept of Finance, Dept of the Taoiseach, Dept of Trade officials and yet none of them were aware of the impending Banking crash.

Liars the lot of them.

This country needs a massive public inquiry into the events that led to the Bank guarantee and a clearout of the top 5 levels of every Govt Dept, along with the retraction of all pension and top up payments made to Dept Secretaries retired in the last 10 years.

Much of the top 5 levels are unnecessary.

[MPB]

Much of the top 5 levels are unnecessary.

I would go as far as to say useless to us, but absolutely necessary to a certain clique.

Austerity has seemed to have missed Bankers and Top Civil Servants.

Maybe they are truly blessed and they have been passed over by God.

Or maybe it is just a coincidence that Central Banks have decided that Banks are more important than countries.

Using our blood to smear above their doors is rubbing our noses in it, though.

[ang]

Yet we wonder how banking debt became a state burden.

[Baron von Biffo]

Yet we wonder how banking debt became a state burden.

We had a lying drunk as finance minister.

[DCon]

We had a lying drunk as finance minister.

and Taoiseach

[Slim Buddha]

We had a lying drunk as finance minister.

Brian Lenihan? He may have been many things but not that. His boss at the time................ well, that's a different story.

[Captain Con O'Sullivan]

You should see the state of the embryonic Companies Act intended for debate I think later in the year or in the first session next year.

Far from attending to such incidents as the bill-paying company (which folded in Dublin last year where the Directors had been using clients money to punt on the property market through another subsidiary) the Companies Act, being drawn up by representatives and lawyers for IBEC and other business groups plus the usual piano-top monkey in a fez from SIPTU for appearances sake, is actually going to loosen regulations on the stated purpose section of Companies law.

For example Directors will no longer be restricted to a state purpose clause in a company's documentation and will be able to carry on 'any legal business' under a company name. That should help enormously with seperating client money from investment funds in any given group as you can imagine.

Also, legal recognition is planned for LLCs and LLPs- LLC's being a new corporate entity mostly used by hedgefunds and legal partnerships and with a funny habit of being registered in tax havens for obvious reasons.

'Easing the burden of red-tape' they call it. Substitute the word 'regulation' for 'red-tape' and you have the truth of it.

[Captain Con O'Sullivan]

Brian Lenihan? He may have been many things but not that. His boss at the time................ well, that's a different story.

Garlic junkie?