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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Kieran O'Donnell: I noticed that the bank called in receivers for some home loans, which is unusual. I have not seen that happen with the other institutions. I have seen receivers called in for buy-to-lets. How many civil proceedings does the bank have under way, outside of what is measured here in terms of the courts? There is an issue at the moment with regard to positive equity. I call it the paradox...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Kieran O'Donnell: That is fine. It just looks unusual.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Kieran O'Donnell: What is the number of civil proceedings instigated by the bank in the courts outside of what is outlined here?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Kieran O'Donnell: Less than 90 days.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Kieran O'Donnell: So it is not bank policy.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Kieran O'Donnell: Why would the bank do so?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Kieran O'Donnell: What about my question on positive equity?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Kieran O'Donnell: Does the bank know how much its positive loan book is in arrears?

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: Were any public funds put at risk?

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: I direct this question to Mr. Kerr and probably to Mr. Poole. Has all that has happened in terms of the damage that has been done to the charities sector, much of which is related to people not coming forward to deal with the issues at hand, impacted on the fund-raising activities of the Rehab Group?

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: How does Mr. Poole feel personally about it?

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: Does Mr. Poole feel any level of responsibility?

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: Were Ms Kerins and Mr. Flannery asked to step down and fired or did they do it of their own accord? What view did the board take?

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: Did the board see it as being in any way necessary with regard to the difficulties arising in terms of the public view? The Rehab Group has fantastic workers. It provides a fantastic service on the ground. In such cases, it often involves one or two people, and that is what has happened here, who probably have done great work over the years. Did the board not feel it necessary to bring in...

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: I hope she recovers.

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: In terms of what has happened, in that it is contradictory, how does Mr. Kerr believe the board did not act to exercise "strict and appropriate oversight of certain issues"? How does that relate to the statement he just made?

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: What does Mr. Kerr mean by the statement that "we have not exercised strict and appropriate oversight of certain issues"?

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: With due respect, Mr. Doyle, that is an understatement.

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: How did the remuneration committee allow a bonus payment to be paid to a number of the directors in 2012 when, clearly, from a functioning viewpoint, the turnover was down across various categories in the companies in the Rehab Group? A cut in salaries was introduced across the spectrum for ordinary staff members. How did the remuneration committee allow that in 2012?

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: What about all the other people working in Rehab who were taking pay cuts in 2010?

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