Results 11,501-11,520 of 26,053 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Matters Relating to Kerry Co-Operative: Revenue Commissioners. (7 Dec 2016)

Kieran O'Donnell: A direct answer, Mr. Phelan.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Matters Relating to Kerry Co-Operative: Revenue Commissioners. (7 Dec 2016)

Kieran O'Donnell: We need answers.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Matters Relating to Kerry Co-Operative: Revenue Commissioners. (7 Dec 2016)

Kieran O'Donnell: Will the Revenue Commissioners write to everyone before Friday?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Matters Relating to Kerry Co-Operative: Revenue Commissioners. (7 Dec 2016)

Kieran O'Donnell: Will the Revenue Commissioners extend the timeframe?

Seanad: Cystic Fibrosis Treatment: Statements (8 Dec 2016)

Kieran O'Donnell: I welcome the Minister to the House. This is an extremely important issue. To bring it down to basics, people with cystic fibrosis did not wake up one morning and say, "I want cystic fibrosis". I know many people with the condition. I am thinking in particular of a young woman in her early 20s. She is in college and is bright and articulate. I have spoken to her about Orkambi as she...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Kieran O'Donnell: I wish to take up a few points. Mr. Sheridan, you said earlier that the Central Bank had limited powers if mortgages are bought by a vulture fund. Let us say you are dealing with a mortgage holder with one of the pillar banks who has an issue with that institution and, at the same time, you are dealing with a mortgage holder who has a similar mortgage with a vulture fund who has the same...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Kieran O'Donnell: That is with any of the banks.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Kieran O'Donnell: Is it regardless of whether the State has an investment in them?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Kieran O'Donnell: That would be a body such as Certus.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Kieran O'Donnell: Certus might be managing home loans for Cerberus or the like. If there was an issue where somebody had a query about a rate in AIB, Bank of Ireland or Ulster Bank - I have probably left some of the banks out - you can pick up the telephone and ring the bank. What powers do you have at that point?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Kieran O'Donnell: If there is a query over the interest rate they are charging, what can be done?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Kieran O'Donnell: I just want to deal with AIB or the normal banks, including the Bank of Ireland and Ulster Bank. What can the Central Bank do on the interest rate there?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Kieran O'Donnell: No, I do not mean that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Kieran O'Donnell: The Central Bank can go directly to the lender.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Kieran O'Donnell: Whereas, in terms of vulture funds, the Central Bank is required to go to the administrator of the loan as distinct from the lender. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Kieran O'Donnell: Why is that the case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Kieran O'Donnell: They take their policy and direction from the lender.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Kieran O'Donnell: What needs to be done? Is it fair to say therefore that if I am a mortgage holder with one of the normal institutions here and my loan is sold on to a vulture fund, the Central Bank can deal directly with the lender where it is the normal lender, but in terms of a vulture fund purchasing it, the Central Bank cannot deal directly with the lender? Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Kieran O'Donnell: Do Mr. Sheridan and Mr. Sibley regard that as a weakness?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Kieran O'Donnell: From the advice he has taken, does Mr. Sibley believe it is possible through regulation or legislation, where loans are sold on to a vulture fund, to allow the Central Bank to deal with the owner of the loan?