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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Right2Homes (20 Jun 2017)

Kieran O'Donnell: Which banks are we talking about?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Right2Homes (20 Jun 2017)

Kieran O'Donnell: Could I ask a question?

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Second Stage (21 Jun 2017)

Kieran O'Donnell: I welcome my colleague, Deputy D'Arcy, to the House and commend him on his appointment as Minister of State with responsibility for financial services and insurance. Yesterday was a proud day for him and his family and I wish him well. We will not be too hard on him today.

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Second Stage (21 Jun 2017)

Kieran O'Donnell: The spirit of bipartisanship.

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Second Stage (21 Jun 2017)

Kieran O'Donnell: I acknowledge the presence of Deputy Pearse Doherty, who introduced this Bill. The Financial Services and Pensions Ombudsman Bill 2017 is complementary. From reading the legislation, the key issue is the definition of what constitutes a long-term financial services product. I will speak from practical experience. Many ordinary people have approached Members about difficulties with various...

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Second Stage (21 Jun 2017)

Kieran O'Donnell: At 10.30 a.m. tomorrow.

Seanad: National Housing Co-operative Bill 2017: Second Stage (28 Jun 2017)

Kieran O'Donnell: I welcome the Minister of State, Deputy Michael D'Arcy. I may not agree with everything in the Bill but I agree with Senator Norris's sentiment and applaud his intent. This Bill was before the Oireachtas Joint Committee Finance, Public Expenditure and Reform, and Taoiseach a short time ago and I see the committee Chairman, Deputy John McGuinness, in the Gallery. I have had time to reflect...

Seanad: National Housing Co-operative Bill 2017: Second Stage (28 Jun 2017)

Kieran O'Donnell: I am posing the question.

Seanad: National Housing Co-operative Bill 2017: Second Stage (28 Jun 2017)

Kieran O'Donnell: Does the Bill do anything to increase the supply? The most significant issue in the housing market at present is the level of supply. The Bill does nothing to address the issue of supply, but basically deals with a group who have distressed loans with the banks. The other issue the Bill does not address, is the issue of sustainable mortgages. The problem is that people bought three...

Seanad: National Housing Co-operative Bill 2017: Second Stage (28 Jun 2017)

Kieran O'Donnell: It is something we must address and the banks must deal with it. If they have written down loans to €5 billion, they have been written down by approximately 80%. My maths should be better.

Seanad: National Housing Co-operative Bill 2017: Second Stage (28 Jun 2017)

Kieran O'Donnell: Why should vulture funds or even the national housing co-operative, even with its merits, be able to pick that up at a reduced rate? Why does the home owner not get it when the write-off is already there?

Seanad: National Housing Co-operative Bill 2017: Second Stage (28 Jun 2017)

Kieran O'Donnell: That is my proposal.

Seanad: Order of Business (4 Jul 2017)

Kieran O'Donnell: I thought Senator Coghlan was Killarney's answer to Bord Fáilte. I extend my congratulations to our Leader, Senator Buttimer, on his engagement and wish him well. The big day is not too far ahead. It will be some time in December. As a good politician he has timed it to make certain it does not happen when there could be an election.

Seanad: Order of Business (4 Jul 2017)

Kieran O'Donnell: Are we getting a preview?

Seanad: Order of Business (4 Jul 2017)

Kieran O'Donnell: On Sunday, a new service was launched from Shannon Airport with Norwegian Airlines flying weekly to Providence, just outside Boston, and to Stewart, just outside New York. It is a great news story for Shannon, for Limerick and the region. A review of the runway capacity at all State airports is under way, commissioned by the Minister for Transport, Tourism and Sport, Deputy Ross. The...

Seanad: Order of Business (5 Jul 2017)

Kieran O'Donnell: I thank the Cathaoirleach for his indulgence. Perhaps we could have a debate in the not too distant future on anti-social behaviour. Criminality is a problem but, at present, we have anti-social behaviour that is being tested in terms of the age profile of the people doing it and of how the laws apply. There were incidents in the Old Cratloe Road and Caherdavin area of Limerick in which...

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Committee Stage (5 Jul 2017)

Kieran O'Donnell: This is a Sinn Féin amendment.

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Committee Stage (5 Jul 2017)

Kieran O'Donnell: Will the Minister of State clarify the matter?

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Committee Stage (5 Jul 2017)

Kieran O'Donnell: On a point of order, may we have precise clarification, perhaps through the Minister of State, as to whether the first amendment is a Government amendment?

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Committee Stage (5 Jul 2017)

Kieran O'Donnell: I understand. Perhaps the Minister of State might confer with his officials.

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