Results 3,101-3,120 of 26,021 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Kieran O'Donnell: The witnesses are missing the point. Bank of Ireland was provided with almost €5 billion of taxpayers' money but is acting as if there was no public interest in its operations. The public interest directors have effectively gone native. Mr. Walsh was appointed chairperson of the remuneration committee. Ray MacSharry, a former Minister, appears to have been appointed in Permanent...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Kieran O'Donnell: How, as a public interest director, could he stand over that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Kieran O'Donnell: The Department Finance changed his remuneration package at the time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Kieran O'Donnell: The witnesses are public interest directors.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Kieran O'Donnell: Mr. Walsh might answer the question about Mr. Goggins' pension.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Kieran O'Donnell: I welcome Mr. Spring and Dr. Somers, with whom I would like to raise a couple of points. This is the third set of hearings on this matter. The context is simple - a general distrust of the public in the banking system and a lack of understanding or faith in the public interest directors. Section 48 of the Act has been quoted at length. There is clearly a need for the Minister to put in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Kieran O'Donnell: With respect, I have been very patient.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Kieran O'Donnell: The Chairman is eating into my time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Kieran O'Donnell: I have no issue with the Chairman intervening.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Kieran O'Donnell: I have no issue with the Chairman interjecting but I ask that the time used by him in doing so be added to my speaking time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Kieran O'Donnell: Perhaps the witnesses would respond to my opening questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Kieran O'Donnell: What was the position in respect of loans of less than €750 million?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Kieran O'Donnell: By whom were they assessed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Kieran O'Donnell: At what level of management were they considered?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Kieran O'Donnell: They never came before the board?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Kieran O'Donnell: This is a serious matter. I ask that the Chairman allow me to put my questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Kieran O'Donnell: What is the limit that comes before the board?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Kieran O'Donnell: In the short term Dr. Somers is saying loans of less than three-quarters of a billion never came before the board.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Kieran O'Donnell: Previously?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Kieran O'Donnell: Finally, what further measures will be taken? A total of €20 billion of taxpayers' money has been paid to AIB. This has not come up for discussion. It is an incredible sum of money. What more will the public interest directors do to restore AIB to health while taking into account their remit, to ensure it will not be done at the cost of mortgage holders and SMEs?