Results 14,461-14,480 of 26,053 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Kieran O'Donnell: With due respect, that is six years ago. The ordinary person would not be entitled to turn around to a bank and ask if it would give him or her six years to get his or her mortgage up to date. In a lot of cases, the banks have gone in and repossessed these homes. I do not buy that and the ordinary person outside does not buy it. Why was the Central Bank so slow to move and does it accept...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Kieran O'Donnell: With due respect, the Central Bank with its supervisory authority over the individual banks should have known. Does Professor Lane accept that? There are over 8,000 homeowners involved. Does he accept that this has been a failure on the part of the Central Bank because it should have known this was going on given the sheer scale of it? Does he accept that this is a failure of the Central...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Kieran O'Donnell: I am sorry but------
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Kieran O'Donnell: I do not wish to cut across Professor Lane but I have limited time. With due respect, the Central Bank is charged on behalf of citizens to use taxpayers' money to effectively supervise the banks. The banks fell off a cliff in 2008, in a lot of cases due to lack of proper regulation. In 2010, the tracker issue came to the attention of the Central Bank. Professor Lane is saying there was a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Kieran O'Donnell: Why did the Central Bank not pick up on this more quickly?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Kieran O'Donnell: I have two quick questions. Well, let me put the question in a different way.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Kieran O'Donnell: My final question is when will the Central Bank have this. Does it accept responsibility for this and on what date does it expect this to be resolved? What is the deadline for the banks so that the homeowners will receive proper redress? I ask for a date.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Kieran O'Donnell: I thank the witnesses.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Kieran O'Donnell: We are very much operating in the dark here. Maybe we could suspend for a short period to allow the Central Bank and Professor Lane to provide us with the information around trackers that is in the public domain for 2010 about the various institutions. Maybe he could get that to us now. It might take ten or 15 minutes and it would allow us to then come back and ask questions based on fact....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Kieran O'Donnell: Whatever.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Kieran O'Donnell: Ten minutes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Kieran O'Donnell: Does Professor Lane believe that banks which have overcharged, where people should have gone back from fixed to tracker rates, have broken bank codes and regulations?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Kieran O'Donnell: It is a yes or no answer.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Kieran O'Donnell: I am asking a very simple question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Kieran O'Donnell: If a contract stated that a mortgage holder should have been returned from the fixed rate to the tracker rate and that has not happened has the bank breached bank regulations?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Kieran O'Donnell: If there is a violation of the codes does the Central Bank have the power to impose penalties on the banks?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Kieran O'Donnell: Have fines been imposed?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Kieran O'Donnell: Are they in relation to tracker rates?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Kieran O'Donnell: So the Central Bank will be imposing penalties.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Kieran O'Donnell: On the logistics, has a separate section been set up within the Central Bank with a responsibility for dealing with this specific issue?