Results 13,941-13,960 of 26,053 for speaker:Kieran O'Donnell

Seanad: Order of Business (4 Jul 2017)

Kieran O'Donnell: On Sunday, a new service was launched from Shannon Airport with Norwegian Airlines flying weekly to Providence, just outside Boston, and to Stewart, just outside New York. It is a great news story for Shannon, for Limerick and the region. A review of the runway capacity at all State airports is under way, commissioned by the Minister for Transport, Tourism and Sport, Deputy Ross. The...

Seanad: National Housing Co-operative Bill 2017: Second Stage (28 Jun 2017)

Kieran O'Donnell: I welcome the Minister of State, Deputy Michael D'Arcy. I may not agree with everything in the Bill but I agree with Senator Norris's sentiment and applaud his intent. This Bill was before the Oireachtas Joint Committee Finance, Public Expenditure and Reform, and Taoiseach a short time ago and I see the committee Chairman, Deputy John McGuinness, in the Gallery. I have had time to reflect...

Seanad: National Housing Co-operative Bill 2017: Second Stage (28 Jun 2017)

Kieran O'Donnell: I am posing the question.

Seanad: National Housing Co-operative Bill 2017: Second Stage (28 Jun 2017)

Kieran O'Donnell: Does the Bill do anything to increase the supply? The most significant issue in the housing market at present is the level of supply. The Bill does nothing to address the issue of supply, but basically deals with a group who have distressed loans with the banks. The other issue the Bill does not address, is the issue of sustainable mortgages. The problem is that people bought three...

Seanad: National Housing Co-operative Bill 2017: Second Stage (28 Jun 2017)

Kieran O'Donnell: It is something we must address and the banks must deal with it. If they have written down loans to €5 billion, they have been written down by approximately 80%. My maths should be better.

Seanad: National Housing Co-operative Bill 2017: Second Stage (28 Jun 2017)

Kieran O'Donnell: Why should vulture funds or even the national housing co-operative, even with its merits, be able to pick that up at a reduced rate? Why does the home owner not get it when the write-off is already there?

Seanad: National Housing Co-operative Bill 2017: Second Stage (28 Jun 2017)

Kieran O'Donnell: That is my proposal.

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Second Stage (21 Jun 2017)

Kieran O'Donnell: I welcome my colleague, Deputy D'Arcy, to the House and commend him on his appointment as Minister of State with responsibility for financial services and insurance. Yesterday was a proud day for him and his family and I wish him well. We will not be too hard on him today.

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Second Stage (21 Jun 2017)

Kieran O'Donnell: The spirit of bipartisanship.

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Second Stage (21 Jun 2017)

Kieran O'Donnell: I acknowledge the presence of Deputy Pearse Doherty, who introduced this Bill. The Financial Services and Pensions Ombudsman Bill 2017 is complementary. From reading the legislation, the key issue is the definition of what constitutes a long-term financial services product. I will speak from practical experience. Many ordinary people have approached Members about difficulties with various...

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Second Stage (21 Jun 2017)

Kieran O'Donnell: At 10.30 a.m. tomorrow.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: I welcome the witnesses and compliment them on the body of work they have produced. Their role is enforcement of competition and consumer protection legislation across the economy. In recent years the enforcement of legislation invariably comes via the Central Bank itself. Do the witnesses have any role in overseeing whether the Central Bank is enforcing legislation effectively and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: How does the CCPC's role in enforcing legislation differ from the Central Bank's?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: In what sort of situation would the CCPC take someone to court?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: What new legislation on white collar crime could be introduced?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: If someone approached the CCPC in the morning about a white collar crime, for example, embezzlement, could the CCPC bring a case under civil law?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: Why not?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: Hypothetically speaking, if a series of transactions in a bank were, to say the least, suspect, would the CCPC be able to get involved if civil law powers were available to it? Some people have more regard for the impact on their pockets than for possibly doing jail time. Many believe that, if they have enough resources behind them and a matter falls under civil law, they can take it to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: In terms of white collar crime, is Ms Goggin saying that there is no legislation allowing for a fine to be imposed under civil law as opposed to criminal law?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: We should follow up on that, Chairman. It is a weakness. My last question is on the Danish housing model and how Denmark developed its market. Is Ms Goggin saying that the model, under which long-term loans must be matched by long-term funding, applies across all of the home loan market?