Results 14,601-14,620 of 26,053 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Kieran O'Donnell: When does Mr. Blair anticipate that the bank will engage with them?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Kieran O'Donnell: Where was the global restructuring group managed from? Was the restructuring group managing Ireland separate from the group managing the UK or were they both managed under the one portfolio? Does Mr. Blair understand the context as a ruling meant that effectively €400 million in compensation was paid to UK customers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Kieran O'Donnell: Were any Irish customers, be they from Northern Ireland or the South covered by the €400 million?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Kieran O'Donnell: I am talking now about customers from the Republic of Ireland. Is it correct that they were managed separately from the global restructuring group in the UK and Northern Ireland?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Kieran O'Donnell: The financial conduct authority in the UK issued a report. I am not certain if the Global Restructuring Group report has been published just yet. Was there any interaction by the financial regulator in the UK with Ulster Bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Kieran O'Donnell: Has there been any interaction between Ulster Bank Ireland and the Irish Central Bank, the Irish financial regulator on this matter?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Kieran O'Donnell: What was the type of contact?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Kieran O'Donnell: Have they carried out independent inspections similar to the financial regulator in the UK into the Ulster Bank Global Restructuring group in the Republic of Ireland?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Kieran O'Donnell: How did the engagement of Ulster Bank Ireland with the financial regulator of Ireland come about?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Kieran O'Donnell: In respect of the loans of this group, would bonuses or commission have been paid in respect of advances of the loans to customers during the period of years?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Kieran O'Donnell: Correct.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Kieran O'Donnell: Mr. Blair is probably aware that there is a review of bonuses paid to staff who would have advanced the loans to businesses in this group? Will Ulster Bank Ireland be carrying out a similar review?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Kieran O'Donnell: Mr. Blair spoke about the 2,000 customers plus in the Global Restructuring group in Ireland. How many of their loans were sold on to vulture funds? Will Mr. Blair supply the name of the vulture funds?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Kieran O'Donnell: Some 90% of the loans were sold on to vulture funds.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Kieran O'Donnell: What were the names of the vulture funds?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Kieran O'Donnell: Was Goldman Sachs one of them?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Kieran O'Donnell: Business people are coming to us about their loans that went into Goldman Sachs. Many of them are under enormous pressure. Were some of those loans performing loans?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Kieran O'Donnell: As I understand it, there is a global restructuring group, so that people outside would assume that Ulster Bank Ireland was working through these businesses, yet 90% of the loans were flogged on to vulture funds. The term "global restructuring group" is not an accurate reflection of what was happening. Why did Ulster Bank Ireland sell on its loans to the vulture funds? When did it happen?...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Kieran O'Donnell: May I ask the Chairman to communicate with the financial regulator to get an update on their view of this issue?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Kieran O'Donnell: In regard to the submission by Ulster Bank Ireland to the Central Bank on the mortgage changes, I want to zone in on one specific issue, that is the loan to income ratio. The standard metric measure being used at present is 3.5 times earnings. I note Mr. Mallon's observations that this is not the most precise tool as an affordability measure and may not be the only metric to use in the...