Results 12,061-12,080 of 26,053 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)
Kieran O'Donnell: When liquidators were appointed to the Quinn Group, they were brought before the finance committee. It is a component around which there is lack of clarity. We have the Insurance Compensation Fund and we know that is 65%. It is a proposal and it is worth looking at.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)
Kieran O'Donnell: The Setanta judgment in the Supreme Court should bring about a reduction in premiums. As the regulator, does the Central Bank have the power to request motor insurance companies to provide details of the breakdown of premiums, in particular the element of the premium which could bring a discount in relation to the uncertainty arising on foot of Setanta?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)
Kieran O'Donnell: They are basically saying the premium will come down because we now have clarity around the Setanta judgment. By definition, there must have been a form of loading on premiums on foot of the uncertainty surrounding the Setanta judgment.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)
Kieran O'Donnell: No. What I am looking at is simple. When we were doing the report around the insurance industry which was in parallel if slightly prior to the Minister of State's report, we had insurance companies coming in and saying "uncertainty this" and that would have fed into the Minister of State's report also. It was all abstract. If they are now saying the uncertainty around Setanta was one of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)
Kieran O'Donnell: Absolutely. I take that very much in the spirit in which it was delivered. How many competitors have come into the motor insurance market in the last six months?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)
Kieran O'Donnell: That is insurance companies.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)
Kieran O'Donnell: There are three new ones.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)
Kieran O'Donnell: The database was probably the single most important finding in the report. When will it be put in place?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)
Kieran O'Donnell: Does the Minister of State anticipate the target can be held for a national database?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)
Kieran O'Donnell: Has the Minister of State had any reaction from the insurance industry?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)
Kieran O'Donnell: To whom will this be available? When a national database is up, who will be able to access it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)
Kieran O'Donnell: The Setanta implosion arose in Ireland because, effectively, the company was being regulated in Malta but operating in Ireland. If a company operates in Ireland now but a different company is regulated in Malta or elsewhere, is there a potential change in the regulation process, either from an Irish or European perspective, that could give more comfort to the person holding a policy with a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Costs: Minister of State at the Department of Finance (1 Jun 2017)
Kieran O'Donnell: Would it be fair to say the level of engagement and due diligence by the Central Bank on companies regulated from abroad but operating in Ireland for motor insurance is now more intensive?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)
Kieran O'Donnell: I welcome the witnesses and compliment them on the body of work they have produced. Their role is enforcement of competition and consumer protection legislation across the economy. In recent years the enforcement of legislation invariably comes via the Central Bank itself. Do the witnesses have any role in overseeing whether the Central Bank is enforcing legislation effectively and...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)
Kieran O'Donnell: How does the CCPC's role in enforcing legislation differ from the Central Bank's?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)
Kieran O'Donnell: In what sort of situation would the CCPC take someone to court?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)
Kieran O'Donnell: What new legislation on white collar crime could be introduced?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)
Kieran O'Donnell: If someone approached the CCPC in the morning about a white collar crime, for example, embezzlement, could the CCPC bring a case under civil law?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)
Kieran O'Donnell: Why not?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)
Kieran O'Donnell: Hypothetically speaking, if a series of transactions in a bank were, to say the least, suspect, would the CCPC be able to get involved if civil law powers were available to it? Some people have more regard for the impact on their pockets than for possibly doing jail time. Many believe that, if they have enough resources behind them and a matter falls under civil law, they can take it to...