Results 6,701-6,720 of 26,037 for speaker:Kieran O'Donnell
- Public Accounts Committee: 2012 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 39 - Health Service Executive
Section 38 - Agencies Remuneration (3 Jul 2014) Kieran O'Donnell: I am more interested in the estates position within the Department, apart from the CEO. I thank Mr. Goulding for attending.
- Public Accounts Committee: 2012 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 39 - Health Service Executive
Section 38 - Agencies Remuneration (3 Jul 2014) Kieran O'Donnell: Something positive will come out of this. The fantastic work Mr. Goulding's mother and family did in establishing the CRC and the work on the ground of the service will stand the test of time.
- Public Accounts Committee: 2012 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 39 - Health Service Executive
Section 38 - Agencies Remuneration (3 Jul 2014) Kieran O'Donnell: However, we have issues to deal with.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)
Kieran O'Donnell: What is the role of the Central Bank in the insurance compensation fund?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)
Kieran O'Donnell: I had a look at the Act and the Central Bank carries out an annual assessment of the financial position of the fund. The Central Bank has a role in the fund. Was Setanta paying levies into the fund?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)
Kieran O'Donnell: It was clear that the Central Bank had concerns going back to September. Over a two-month period between September and November, the Central Bank appears to have carried out an inspection at Setanta, including contacting the Maltese financial services authority about insolvency. There was also an inspection of Setanta in Ireland and, in November 2013, the Central Bank contacted the Maltese...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)
Kieran O'Donnell: The problem with the Setanta product is that it was licensed by the Maltese financial services regulatory authority but only sold the product in Ireland. The company is paying the levy into the insurance compensation fund. Clearly, the Central Bank had serious concerns but the company continued to write new products. The brokers were uneasy about the Setanta product but they were sure they...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)
Kieran O'Donnell: It amounts to almost €45.5 million between premiums that have not been refunded and €35 million in claims. The Motor Insurers Bureau of Ireland is hedging its bets and there are 75,000 customers out there. Our role is to question whether the Central Bank was asleep at the wheel. The Central Bank had concerns but the question is whether it had the authority, if it wished, to...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)
Kieran O'Donnell: Clearly, the Central Bank had a basis on which to do so.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)
Kieran O'Donnell: Is Mr.Sheridan suggesting there was no basis, despite the findings of the audit? In November 2013 the Central Bank carried out an audit of Setanta Insurance. By January it realised no new products were being written. Clearly, there was a problem. Is Mr. Sheridan telling me that in November 2013 the Central Bank had no problem with Setanta Insurance?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)
Kieran O'Donnell: Clearly, that means there was a problem. Did the Central Bank not automatically question the level of reserves to ensure solvency of the firm?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)
Kieran O'Donnell: What about the 75,000 customers in Ireland? Setanta Insurance was dealing purely in the selling of motor insurance into Ireland.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)
Kieran O'Donnell: Surely, in terms of regulation, the Central Bank had a responsibility to the 75,000 Setanta Insurance customers and-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)
Kieran O'Donnell: I simply want a quick "Yes" or "No" answer. Did the Central Bank have a responsibility to the 75,000 Setanta Insurance customers in Ireland?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Collapse of Setanta Insurance: Central Bank and Department of Finance (9 Jul 2014)
Kieran O'Donnell: Is there not a flaw-----
- Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 20 - An Garda Síochána
Chapter 8 - Management of Outsourced Safety Cameras (10 Jul 2014) Kieran O'Donnell: I welcome the Acting Garda Commissioner, Ms O'Sullivan, and her colleagues to the meeting. I wish to raise the Garth Brooks concerts and the issue in terms of Croke Park. Was the Garda Síochána consulted by either the promoter or Dublin City Council?
- Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 20 - An Garda Síochána
Chapter 8 - Management of Outsourced Safety Cameras (10 Jul 2014) Kieran O'Donnell: Yes, I would appreciate that, in light of the fact that it is a significant issue in Irish public life at present.
- Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 20 - An Garda Síochána
Chapter 8 - Management of Outsourced Safety Cameras (10 Jul 2014) Kieran O'Donnell: I am doing my public function, just like the Chairman.
- Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 20 - An Garda Síochána
Chapter 8 - Management of Outsourced Safety Cameras (10 Jul 2014) Kieran O'Donnell: When the application went in from the promoter to Dublin City Council, was it passed to An Garda Síochána for consultation on the issuing of a licence for five days of concerts?
- Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 20 - An Garda Síochána
Chapter 8 - Management of Outsourced Safety Cameras (10 Jul 2014) Kieran O'Donnell: From Dublin City Council?