Results 7,021-7,040 of 26,042 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Kieran O'Donnell: To date, globally, has NAMA made a profit or loss on disposal of loans and does it have a break-down of profit and loss on disposal of assets?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Kieran O'Donnell: Is that on disposal of loans?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Kieran O'Donnell: What about disposal of assets?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Kieran O'Donnell: If NAMA was going to make a loss of €140 million on disposal of a portfolio of assets in the North in the second quarter, why, when the market is rising, would it not have held off on selling those loans?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Kieran O'Donnell: How much did NAMA purchase that loan for and what did it sell for to arrive at the loss of €140 million?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Kieran O'Donnell: In respect of staff on garden leave who have to refrain from taking up a post in that area for six months, in the current market can NAMA retain staff and is six months too short a period? The public perception is that it is too short.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Kieran O'Donnell: With due respect, working for NAMA is not like working for any other property business. It is probably still one of the biggest in the world. The access it gets to databases and information is unique. Mr. McDonagh spoke about a relatively unique set of circumstances for investment return and I take that on board but think we should have a benchmark. Equally, when staff work for NAMA they...

Public Accounts Committee: Business of Committee (23 Oct 2014)

Kieran O'Donnell: By way of observation, there was something slightly curious about the fact that from 2007 on, the accounts for the harbours were qualified whereas in 2006 they were unqualified. I was wondering how we went from a situation where they were unqualified to being qualified the following year. At that stage, both were under the Department of Communications and Natural Resources. It is just an...

Public Accounts Committee: Business of Committee (23 Oct 2014)

Kieran O'Donnell: That is new information. We did not have that at the time they were here. Mr. McCarthy is saying that his audit qualification was based on the fact that it went from the Department of Communications and Natural Resources to the Department of Agriculture, Food and the Marine. Yet we were told on the day by the latter Department's officials that, in essence, the same people were on the...

Public Accounts Committee: Business of Committee (23 Oct 2014)

Kieran O'Donnell: So Mr. McCarthy had no issue when they were with the Department of Communications and Natural Resources, but he had an issue when they were with the Department of Agriculture, Food and the Marine?

Public Accounts Committee: Business of Committee (23 Oct 2014)

Kieran O'Donnell: But Mr. McCarthy gave them an unqualified report?

Public Accounts Committee: Business of Committee (23 Oct 2014)

Kieran O'Donnell: It was two years.

Public Accounts Committee: Business of Committee (23 Oct 2014)

Kieran O'Donnell: Would the witness agree that a timeframe of six years before the audit was concluded for the 2008 accounts was not good?

Public Accounts Committee: Business of Committee (23 Oct 2014)

Kieran O'Donnell: The final point is one which arose at the last committee meeting. In future, when the Comptroller and Auditor General is doing an annual report, it is important that audits that are ongoing would be highlighted so we can be made aware of audits that are ongoing for six years. If that happened in the private sector, companies would be struck off and gone.

Public Accounts Committee: Business of Committee (23 Oct 2014)

Kieran O'Donnell: We cannot have double standards.

Public Accounts Committee: Business of Committee (23 Oct 2014)

Kieran O'Donnell: It is an annual matter. It is not taking from the great work that the various organisations do, but in terms of consistency this highlights that attention must be drawn to it on an annual basis.

Public Accounts Committee: Business of Committee (23 Oct 2014)

Kieran O'Donnell: In the context of the work programme - it may have come already but at the risk of repeating - when is the Commission for Energy Regulation due to come before the committee?

Public Accounts Committee: Business of Committee (23 Oct 2014)

Kieran O'Donnell: I ask that CER is put on our schedule, as a matter of urgency, in the context of charges in respect of Irish Water and the commission's work in that area. My queries relate to the area of Irish Water. The Commission for Energy Regulation falls directly under the remit of this committee. I do not know how my colleagues feel but I ask that an immediate invitation is extended to the CER to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)

Kieran O'Donnell: I want to address a couple of points. I note that in the October meeting, ECOFIN discussed the issue around the bank, banking union and the bank recapitalisation. Developing on what he has already discussed with Deputy McGrath, what are the Minister's thoughts on the process that would be involved in terms of Ireland getting to the point of making an application for retroactive...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)

Kieran O'Donnell: To be more specific, direct recapitalisation in terms of current activities for banks appears to be relatively straightforward. I wish to deal specifically with the Irish situation, our banks being in a sound position, and the possibility of retroactive recapitalisation. If that were to become an option, what is the process the Minister sees developing in Europe? Guidelines have been put...