Results 3,261-3,280 of 49,836 for speaker:Stephen Donnelly

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Stephen Donnelly: Please.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Stephen Donnelly: I thank Mr. Boucher and appreciate that we both have to be careful. In his time as chief executive of Bank of Ireland since 2009, has the bank ever allowed a deal where a substantial amount was written off by the bank - up to €100 million or more - and where part of that deal was a multi-million euro payout to the shareholders of the insolvent company?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Stephen Donnelly: Sorry for cutting across, but I am conscious of time. Is Mr. Boucher aware of any situation where a cash payment of several million euro has been made to shareholders when the bank had significant losses?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Stephen Donnelly: Thank you. I would like to move on to mortgage arrears. As Mr. Boucher knows, I have been consistently very critical of Bank of Ireland’s approach to mortgage arrears. We will go into the numbers in a minute but I want to talk about the tone. When I talk to people involved in helping borrowers, be they commercial, not-for-profit or statutory operators, or at least funded by the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Stephen Donnelly: That may be true but-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Stephen Donnelly: That is fine, but the statistics say nothing for the tone and the cause. They show the outcome. A perfectly reasonable response is that borrowers are signing on the dotted line because they are scared of Bank of Ireland in a way they are not scared of the other banks because they consistently see it operating in a much more aggressive manner. We do not know. That is the realm of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Stephen Donnelly: Does it bother Mr. Boucher that his bank is regarded in this way?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Stephen Donnelly: Let us talk about that. The expert review on repossessions states the following as Government policy:The Government’s paramount objective in the context of resolving the mortgage arrears problem is to keep borrowers in their homes wherever feasible; repossession of private residences is a last resort when all other options have failed. The statutory and regulatory frameworks have...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Stephen Donnelly: If I and others were to provide Mr. Boucher with a portfolio of testimony, maybe from individual borrowers but also from people working in this field with all lenders that identify Bank of Ireland as being on its own in the level of unhelpfulness and aggression used in these cases does he believe who might be factored into changes in the bank’s policy? I understand that Mr....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Stephen Donnelly: I thank Mr. Boucher.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Stephen Donnelly: In March.

Sale of Siteserv: Motion [Private Members] (6 May 2015)

Stephen Donnelly: Public trust in the political system in Ireland has collapsed and tonight's debate is a perfect example of why that has happened. The only reason an investigation is being conducted into the sale of IBRC assets is because of the work of Deputy Catherine Murphy. The motion before the House concerns who should conduct that investigation but serious questions of political governance must also...

Sale of Siteserv: Motion [Private Members] (6 May 2015)

Stephen Donnelly: I will withdraw the allegation of a cover-up - heaven forbid.

Sale of Siteserv: Motion [Private Members] (6 May 2015)

Stephen Donnelly: The motion before the House condemns the appointment of KPMG to undertake a review of transactions in IBRC as it advised Siteserv during the sale. The Government amendment acknowledges that and states that the sale process was run by Siteserv along with its advisers KPMG Corporate Finance and Davy Corporate Finance and calls on Dáil Éireann to support the review, which KPMG has...

Written Answers — Department of Environment, Community and Local Government: Housing Adaptation Grant Data (6 May 2015)

Stephen Donnelly: 570. To ask the Minister for Environment, Community and Local Government if he will provide, in tabular form, the amount of funding being made available to local authorities in 2015 under the housing adaptation grant scheme, the housing aid for older people scheme, the mobility aid grant scheme and the disabled persons grants scheme for council owned properties; if he will provide a breakdown...

Written Answers — Department of Social Protection: Rent Supplement Scheme Payments (12 May 2015)

Stephen Donnelly: 239. To ask the Minister for Social Protection if a review has been conducted of the maximum rate of rent allowance available by area; if so, when these new rates will become active; the criteria used to determine these rates; and if she will make a statement on the matter. [18325/15]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Stephen Donnelly: I thank the Chairman. I will be brief. I thank the representatives for appearing before the committee. My two questions are not specific to Permanent TSB, but I would like their views as to the running of the bigger banks. The first matter on which I would like to hear their view is on reducing the bankruptcy period, at least for a limited period, and the second is on the cost of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Stephen Donnelly: I thank Mr. O'Sullivan for that. Certainly, when the then Minister, Deputy Alan Shatter, brought it through, he was very clear that they were not meant to be target times. They were set in the legislation as maximum times and, as was predicted at the time, unfortunately, they became a default. The second issue is the cost of borrowing. We know that the Irish banks' blended cost of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Permanent TSB (13 May 2015)

Stephen Donnelly: That is not the question I am asking - I am taking that at face value. I am asking whether Members of the Oireachtas can do anything to help drive down those costs.

Written Answers — Department of Education and Skills: School Patronage (26 May 2015)

Stephen Donnelly: 906. To ask the Minister for Education and Skills if a decision has been made on the patronage of the recently announced school (details supplied) in County Wicklow; and if she will make a statement on the matter. [20721/15]