Results 13,801-13,820 of 26,053 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: I am looking for clarification about the GRS group. A company, West Register (Republic of Ireland) Properties Limited, was registered in 2009. What was its function within the Ulster Bank group?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: Was Mr. Blair a shareholder in that company?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: Mr. Blair was not involved in that company?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: Had this group anything to do with GRS?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: Yes, GRG

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: Is it the holding company for GRG? Was it effectively the vehicle through which GRG worked?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: So GRG assets in Ireland were on Ulster Bank's balance sheet. I presume that West Register assets were also on Ulster Bank's balance sheet. Is that the case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: Was the global restructuring group, GRG, a separate legal entity or was it just a division within the Ulster Bank group?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: Was West Register (Republic of Ireland) Property Limited, in essence, the GRG for Ireland and the assets in Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: West Register (Republic of Ireland) Property Limited held assets. Mr. Blair did say-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: It did hold assets.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: It was set up in 2009-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: Mr. Mallon is the chief executive officer, CEO, of Ulster Bank. The ordinary person looking in will find it astounding that the witnesses would not know. Who signs the annual accounts of the Ulster Bank group in Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: Is West Register (Republic of Ireland) Property Limited still alive?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: It is concerning that representatives of a group of the size of Ulster Bank are not able to answer these basic questions. If a person went into Ulster Bank for a loan, was asked about a property that he or she owned and said "I have no knowledge", the loan application would be refused on credibility grounds. Is it credible that Ulster Bank and Mr. Mallon, as CEO, would not be aware of a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: Does Mr. Mallon believe it held little or no assets?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: Is the GRG concluded as a division within Ulster Bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: What would have been its total assets or the total value of the loans it managed at its peak or on conclusion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: Would that have been purely related to Ireland or to Ireland and the United Kingdom?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Ulster Bank (5 Oct 2017)

Kieran O'Donnell: In terms of the €13.7 billion of loans that were sold onto investment vulture funds, would they have all come out of the GRG?