Results 22,081-22,100 of 26,157 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Kieran O'Donnell: The Minister means Aer Lingus.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Kieran O'Donnell: ESB.

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: On the question of white collar crime, we are doing work on bank stabilisation and we will incorporate that into our work. We will send a copy of today's transcript to the Department of Finance. Has Mr. Elderfield written to or communicated to the Department of Finance his views on the issue of white collar crime?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Will this be incorporated into the annual report of the Central Bank? Mr. Elderfield obviously feels strongly about it. Since 2008, the financial crisis has cost the citizens of Ireland some €64 billion. Much of that money will be totally written off. I have no doubt that in society there are people who through the misfortune of losing a job have suffered the rigors of the law....

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: I strongly suggest that this be done.

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: I am only speaking for myself, but would Mr. Elderfield share my concern for the ordinary person, who has experienced very difficult years? To the amazement of everybody, not a single person has been brought to account fully for the banking failures, which have effectively saddled them with debt to the tune of €64 billion?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: The Deputy has elaborated on my point.

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Effectively, it would appear the legal and administrative tools are not in place to ensure that people are legally held to account. From Mr. Elderfield's review of the system, that is obviously the view he has formed. Is that correct?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: With a better toolkit. I thank Mr. Elderfield for his patience. I wish him well in his new position in Lloyds in the United Kingdom and send greetings to his good lady wife. There is no doubt that Mr. Elderfield will be missed, but I hope he will come and visit Ireland. Does the committee agree to dispose of Special Report No. 72 - Financial Regulator, responding to the financial market...

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Is the legislation strong enough to put people in jail regarding current cases?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Surely the regulator has a sense of it. Does he believe that the legislation is strong enough?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: What is Mr. Elderfield's view of some banks charging interest on the split mortgages?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: How does Mr. Elderfield envisage the arrears going with the banks with the mortgages in the coming years?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Does Mr. Elderfield believe it will work? Does he believe it will increase?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Does Mr. Elderfield believe their provisioning is strong enough? Are the provisions they are making sufficiently robust?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: We will get around to that. The main question is what form of stress testing happens prior to the bailout.

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Does Mr. Elderfield anticipate that there will be any further capital requirements for the banks on foot of those stress tests?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: When does Mr. Elderfield expect that stress testing to conclude?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Mr. Elderfield referred to white collar crime. In his time as Financial Regulator, against how many people has he instigated legal proceedings for white collar crime and how many of those has he been able to hold to account legally? I refer to individuals.

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Does Mr. Elderfield believe the current legislation on our Statute Book is strong enough to bring people to account for white collar crime?