Results 19,341-19,360 of 26,148 for speaker:Kieran O'Donnell
- Public Accounts Committee: Business of Committee (25 Sep 2014)
Kieran O'Donnell: If NAMA had not been there at the time, the State could have been caught.
- Public Accounts Committee: Business of Committee (25 Sep 2014)
Kieran O'Donnell: Was there any lead authority on this project at the time?
- Public Accounts Committee: Business of Committee (25 Sep 2014)
Kieran O'Donnell: If my memory is correct, no one was sitting on the ball in midfield. There were a lot of corner forwards, but very few playing in midfield. Would that be a fair analysis?
- Public Accounts Committee: Business of Committee (25 Sep 2014)
Kieran O'Donnell: I am always available, for Limerick. I think Brian Cody has more than enough. Am I correct that the two things to come out of this were, first, the State had a lucky break in terms of NAMA, which is an unusual comment to make, but that is the case, and, second, there was no proper lead authority structure in place in terms of proper due diligence being done on this contract at the time?
- Public Accounts Committee: Business of Committee (25 Sep 2014)
Kieran O'Donnell: If my memory serves me right, the lack of a lead authority at the time resulted in no one directing the play.
- Public Accounts Committee: Business of Committee (25 Sep 2014)
Kieran O'Donnell: As this is mainly a social welfare issue, if officials of the Department of Social Protection are to come before the committee, they must provide information on certain matters. The Department must inform us of how many fraud investigators it has on its books who are carrying out inspections, particularly in the construction sector. Fraud within the social welfare system is something...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)
Kieran O'Donnell: What are the voting rights on the board of the ESM? What are they based on for direct recapitalisation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)
Kieran O'Donnell: Does that mean it has to be a unanimous decision?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)
Kieran O'Donnell: So any direct recapitalisation or direct retrospective recap would have to be by unanimous decision.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)
Kieran O'Donnell: Have the procedures as such in that area still to be set down?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)
Kieran O'Donnell: There is a reason for that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)
Kieran O'Donnell: In terms of current recapitalisation, it is relatively straightforward. There are procedures in place. In terms of retrospective recapitalisation, at this time, there is nothing on a procedural basis as such. Is that a fair comment?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)
Kieran O'Donnell: In terms of current recapitalisation, they have specified how it would function.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)
Kieran O'Donnell: In terms of the timeframe, the Department expects the ESM to go through national parliaments by November.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)
Kieran O'Donnell: When is it expected that the single supervisory mechanism will be in place?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)
Kieran O'Donnell: Therefore, by early November, the single supervisory mechanism will be in place, with the ESM structure.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)
Kieran O'Donnell: Have they laid down timeframes or guidelines as to when an application can be made for recapitalisation, be it on an ongoing, real-time or current basis or on a retrospective recapitalisation basis?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)
Kieran O'Donnell: Which involves a current application.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)
Kieran O'Donnell: It has yet to be indicated what that process will be as distinct from the current procedure.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)
Kieran O'Donnell: In reply to Deputy Michael McGrath, Mr. Ó Brolcháin spoke about the €60 billion the ESM had. Is this direct capital funding from each member state? Is it based on the cash contributions from each?