Results 5,621-5,640 of 26,032 for speaker:Kieran O'Donnell

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012 (6 Feb 2014)

Kieran O'Donnell: The former CEO, Mr. Maloney, appeared before this committee on a previous occasion. The board minutes of 20 October 2006 stated that the Glass Bottle site represented an exposure of €9 million to the DDDA. Four days later, on 24 October, the figure had increased to €36 million, comprising shareholders' loans and equity amounting to €29 million and an additional...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012 (6 Feb 2014)

Kieran O'Donnell: I ask Mr. McCarthy to comment on the issue.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012 (6 Feb 2014)

Kieran O'Donnell: In Mr. Crawley's view, were there weaknesses in corporate governance in the DDDA? Did it fall under his remit to examine that issue?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012 (6 Feb 2014)

Kieran O'Donnell: If Donatex had won its case, how much would it have exposed the DDDA and the Irish taxpayer?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012 (6 Feb 2014)

Kieran O'Donnell: How much?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012 (6 Feb 2014)

Kieran O'Donnell: How much was Donatex claiming in the legal case?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012 (6 Feb 2014)

Kieran O'Donnell: Are we speaking about €100 million or €200 million?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012 (6 Feb 2014)

Kieran O'Donnell: I am more interested in the perspective of the ordinary person looking on. Had the DDDA lost the court case, how much would it have had to pay to Donatex?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012 (6 Feb 2014)

Kieran O'Donnell: So the DDDA would have lost €152 million on the Irish Glass Bottle site and the total loss on developments would be up around €280 million, close to €300 million. The DDDA was playing with fire. On 20 October 2006 the DDDA had a potential exposure of €9 million. We suddenly find that had the DDDA lost the court case, that exposure would have increased to...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012 (6 Feb 2014)

Kieran O'Donnell: With due respect, the board put the DDDA and the taxpayer in a position where they had to fight a legal case based on making an investment over a 12-day period when the investment went from an exposure of €9 million to €61 million with no independent valuations provided. Major questions have to be answered here. Looking at it now it is clear that it was invested at the peak of...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012 (6 Feb 2014)

Kieran O'Donnell: It went from €350 million on 20 October to €412 million on 24 October. That was only in the space of four days.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012 (6 Feb 2014)

Kieran O'Donnell: Does Ms Quinlivan wish to make any final comment?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012 (6 Feb 2014)

Kieran O'Donnell: I thank Ms Quinlivan, Mr. Crawley and Mr. Dunne for appearing before us. Is it agreed that the committee dispose of the annual accounts of the Dublin Docklands Development Authority for 2012? Agreed.

Public Accounts Committee: Business of Committee (13 Feb 2014)

Kieran O'Donnell: First, the meeting was held in private at Sergeant's McCabe's request. Second, under the Standing Orders of the House the Editor of Debates cannot produce a redacted transcript. We were told by our legal adviser following the private meeting that certain elements of the evidence would need to be redacted. Third, an independent Garda Síochána Ombudsman Commission investigation is...

Public Accounts Committee: Business of Committee (13 Feb 2014)

Kieran O'Donnell: Did Deputy Sean Fleming, as a former Chairman of a committee, not make reference two or three meetings ago to listening to a recording?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 28 - Accounts of the National Treasury Management Agency
Chapter 29 - Clinical Indemnity Scheme
2012 Annual Report and Accounts - National Pensions Reserve Fund (13 Feb 2014)

Kieran O'Donnell: I would like Mr. Corrigan to comment on a number of matters. The first of these relates to State Street Bank, in respect of which he provided quite a lengthy analysis in his submission to the committee. At the end of January, State Street was found to have committed major transgressions by the UK's financial regulator, the Financial Conduct Authority. When Mr. Corrigan was previously...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 28 - Accounts of the National Treasury Management Agency
Chapter 29 - Clinical Indemnity Scheme
2012 Annual Report and Accounts - National Pensions Reserve Fund (13 Feb 2014)

Kieran O'Donnell: What was the amount involved?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 28 - Accounts of the National Treasury Management Agency
Chapter 29 - Clinical Indemnity Scheme
2012 Annual Report and Accounts - National Pensions Reserve Fund (13 Feb 2014)

Kieran O'Donnell: On what date was the contract terminated?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 28 - Accounts of the National Treasury Management Agency
Chapter 29 - Clinical Indemnity Scheme
2012 Annual Report and Accounts - National Pensions Reserve Fund (13 Feb 2014)

Kieran O'Donnell: I engaged in a quick perusal of the Financial Conduct Authority's report. I presume that the National Pensions Reserve Fund is the "Client A" identified in that report.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 28 - Accounts of the National Treasury Management Agency
Chapter 29 - Clinical Indemnity Scheme
2012 Annual Report and Accounts - National Pensions Reserve Fund (13 Feb 2014)

Kieran O'Donnell: When one reads the documentation relating to Client A - which outlines internal discussions that occurred within State Street - one comes across phrases such as: "Gotta win this one! Any ideas how to get more revenue would be appreciated."; "We need to charge fee then otherwise they get suspicious."; "makes it look like we actually thought about it and did the calculations."; "need to be...