Results 6,241-6,260 of 26,032 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: A section in the code for mortgage arrears mentions the payment of incentives - possibly paid bonuses - to staff involved. Are any of the bank's staff paid bonuses?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: Are bonuses paid across the sector?
- 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 within the bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: Has that always been the way?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: But have bonuses been paid in recent times?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: In the last three years?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: No bonuses have been paid in the past three years.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: Does that apply across the entire organisation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: Bank of Ireland is the last institution to attend here. We have not seen some of the others. Perhaps the Chairman will decide whether we need to examine this. A common feature among the institutions is that a large number of the solutions to mortgage arrears are legally based. I took a quick look through the bank's figures because I wanted to be certain that I am operating on the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: The figure is very high.
- 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?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Irish Stability Programme Update: Minister for Finance (15 Apr 2014)
Kieran O'Donnell: I welcome the Minister and his colleagues. I wish to make an important technical point on the GDP-GNP reverse gap. Effectively, GNP is significantly higher than GDP, which is having an impact on reaching the excessive deficit procedure targets. The margin the last time was 3.7%. In 2013 GDP growth was minus 0.3% and GNP was 3.4%, which represents a differential of 3.7%. The Minister is...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Irish Stability Programme Update: Minister for Finance (15 Apr 2014)
Kieran O'Donnell: That was not really my question. The differential in 2013 was so large that using GDP does not reflect the true state of the economy but, as the Minister mentioned, it is the measure taken in Europe with regard to meeting our excessive deficit targets. When does the Minister anticipate that GDP will eclipse GNP again?