Results 11,541-11,560 of 26,053 for speaker:Kieran O'Donnell

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 does "thematic" mean?

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: With respect, the Central Bank does not have the teeth to enforce those codes against a vulture fund. 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: If policy, lending practice and interest rates are dictated to the intermediary managing the loans on behalf of the vulture fund and an issue arises, the Central Bank can deal with the representative or agency in Ireland but cannot enforce any of the codes against the vulture fund.

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 puts the lender, be it a mortgage holder, home owner or small or medium enterprise, in the lap of the Gods, depending on to whom the loan is sold. This area also appears to be unregulated. If a loan is sold to a vulture fund and it decides to flip it on to another vulture fund, my understanding is that the Central Bank has no part to play in that process. 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: Are there any other jurisdictions in which a central bank is able to regulate vulture funds outside the jurisdiction?

Seanad: Order of Business (14 Dec 2016)

Kieran O'Donnell: The moral of the story.

Seanad: Order of Business (14 Dec 2016)

Kieran O'Donnell: I wish to respond to Senator Rose Conway-Walsh who referred how what was being done was not in the spirit of new politics. It is a pity that she is not in the Chamber. If Sinn Féin believes so strongly in new politics, it is incumbent on Deputy Gerry Adams, given the brutal murder of Brian Stack, to come forward and disclose-----

Seanad: Order of Business (14 Dec 2016)

Kieran O'Donnell: It is important as we hear the phrase being bandied about constantly. If Sinn Féin is so keen on having a truth and reconciliation commission, with which I have no issue-----

Seanad: Order of Business (14 Dec 2016)

Kieran O'Donnell: No, I am not.

Seanad: Order of Business (14 Dec 2016)

Kieran O'Donnell: I know Gerry McCabe's widow, Ann McCabe, well and know the suffering she has gone through. Gerry McCabe and Brian Stack were carrying out their duties on behalf of the State. If Sinn Féin believes in new politics so much, Deputy Gerry Adams should come forward and help in the Brian Stack murder case. I say this because Sinn Féin is bandying about the phrase "new politics" too much.

Seanad: Order of Business (14 Dec 2016)

Kieran O'Donnell: It is very relevant.

Seanad: Finance Bill 2016: Report and Final Stages (14 Dec 2016)

Kieran O'Donnell: I thank the Minister of State for coming to the House. We had lengthy debates on Second and Committee Stages and many issues have been ironed out. The general thrust of the legislation is to look at making work pay, which is about reducing the USC. The Bill includes a range of other measures. The Minister of State has given a commitment he will review various aspects of the Bill over...

Seanad: Finance Bill 2016: Report and Final Stages (14 Dec 2016)

Kieran O'Donnell: The legislation that was introduced is very welcome but we must ensure the structure that is now in place for loans sold on to foreign entities, colloquially known as vulture funds, works. We must ensure the mechanism works. I hope it will, but if it does not work then we must review it and see whether we can make further changes to it to ensure it works.

Seanad: Order of Business (15 Dec 2016)

Kieran O'Donnell: I wish everyone a happy Christmas.

Seanad: Order of Business (15 Dec 2016)

Kieran O'Donnell: I agree with Senator Devine and extend my compliments to the public and private sector workers who will be working over the Christmas break in Limerick and other areas. Senator Norris referred to intelligence. I thought, given the large influx of females to the House, that the average intelligence would have been brought way up. I thought he would have reflected on that.

Seanad: Order of Business (15 Dec 2016)

Kieran O'Donnell: I refer to rents. I am glad to see that common sense has prevailed in the Dáil and that the Bill will be debated later today and tomorrow. My area, Limerick city, has not been included, but I would have liked it to have been. I have spoken to the Minister, Deputy Coveney, about the matter. He has agreed that it would be prioritised. There is a long way to go. We do not always need...

Seanad: Order of Business (15 Dec 2016)

Kieran O'Donnell: Good man.

Seanad: Order of Business (15 Dec 2016)

Kieran O'Donnell: They were intelligent contributions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)

Kieran O'Donnell: I thank Professor Lane for coming before the committee. I find it unusual that he has given us a seven page presentation, of which only the last three paragraphs refer to tracker mortgages. This is despite the fact that this is the reason we asked him to come before us today. Why has he given so little time to the issue in his presentation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)

Kieran O'Donnell: This issue has been around since 2010. It took the Central Bank until December 2015 to initiate proceedings and a proper review of the area to individual banks.