Results 4,041-4,060 of 26,021 for speaker:Kieran O'Donnell

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Is the person still in the employment of the Central Bank?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Can I make a suggestion? Could Mr. Elderfield review the particular circumstances of the case within the Central Bank and send the committee a specific note as to how far he believes he can go legally? He might also outline the whistleblower policy within the Central Bank, and the protection for whistleblowers.

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Will Mr. Elderfield see how far he can go in terms of the specific circumstances?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: How does Ireland compare to other jurisdictions?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: We have full privilege today.

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Were they appointed specifically for that exercise? Auditors would be general.

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Would it have been part of their terms of reference to look for the particular issue to which Deputy Ross referred?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Has the regulator held discussions at the most senior level with the partners of the company that the consultancy took on in regard to the fees paid?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Does Deputy Ross know the identity of the consultants?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: I suggest that Mr. Elderfield should go to the top to discuss the matter at partner level because ultimately it is the taxpayer's money. Is it something he will take on board with a view to reverting to the committee?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: In respect of recapitalising the banks, recent media reports suggest that the troika is insisting on stress tests prior to the formal exit from the bailout. What form will those stress tests take and how does Mr. Elderfield envisage they will go? Am I correct in my summation?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: We will get around to that. The main question is what form of stress testing happens prior to the bailout.

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Does Mr. Elderfield anticipate that there will be any further capital requirements for the banks on foot of those stress tests?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: When does Mr. Elderfield expect that stress testing to conclude?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Mr. Elderfield referred to white collar crime. In his time as Financial Regulator, against how many people has he instigated legal proceedings for white collar crime and how many of those has he been able to hold to account legally? I refer to individuals.

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Does Mr. Elderfield believe the current legislation on our Statute Book is strong enough to bring people to account for white collar crime?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: I understand the Bernie Madoff case in the US was pursued under reckless trading legislation. We have no similar legislation here.

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Mr. Elderfield is saying it is not fit for purpose, and it is more than four or five years since the night of the guarantee.

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: In the media it is generally written that property prices have stabilised and rental yields have come up to the point where it is beneficial to buy property based purely on rental yield value. Does Mr. Elderfield believe it is potentially possible we could have a further property bubble in years to come? What types of measures could be put in place vis-à-vis the banks and legislation...

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: What about loan-to-income limits? Traditionally here it was two to two and a half times principal salary and one to one and a half times second salary and it served us reasonably well. During the Celtic tiger it went up as high as six times one's salary. Could Mr. Elderfield see room for that measure, which is very straightforward? Could he elaborate on the particular engagement with the...