Results 12,801-12,820 of 26,081 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)
Kieran O'Donnell: Ms McDonagh is saying there could be two customers with an identical situation, one who took out a mortgage before 2006 and one who took out a mortgage after that, and the bank, on a technical decision, deprived people of their own money that had been taken by the bank.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)
Kieran O'Donnell: No, it is a very factual point. This is the problem. The Irish public put billions into Bank of Ireland. If an individual owed money to Bank of Ireland for a mortgage, and I was in practice for years, the bank took on those customers. It was there to collect the money. I find it incredible with regard to these 6,000 customers. The bank was clearly fighting with the Central Bank before...
- Seanad: Emergency Department Waiting Times: Statements (31 Jan 2018)
Kieran O'Donnell: I thank Senator Colm Burke for sharing time. The Minister will have a fair idea of what I wish to raise. It is the urgent need to build a 96 acute bed unit in University Hospital Limerick. The Minister is aware of that. A new accident and emergency department has opened and it is making an enormous difference, but there is still a bed capacity issue. The new accident and emergency...
- Seanad: Vehicle Registration Data (Automated Searching and Exchange) Bill 2018: Second Stage (31 Jan 2018)
Kieran O'Donnell: Will the Minister conclude?
- Seanad: Vehicle Registration Data (Automated Searching and Exchange) Bill 2018: Second Stage (31 Jan 2018)
Kieran O'Donnell: I thank the Minister.
- Seanad: Vehicle Registration Data (Automated Searching and Exchange) Bill 2018: Second Stage (31 Jan 2018)
Kieran O'Donnell: When is it proposed to take Committee Stage?
- Seanad: Commencement Matters: Insurance Industry (1 Feb 2018)
Kieran O'Donnell: I welcome the Minister of State, Deputy D'Arcy, who has responsibility for financial services and insurance. I wish to raise the issue of Setanta Insurance and Enterprise Insurance. It is now nearly four years since Setanta went into liquidation. It was regulated in Malta but, under the European passport, it was able to operate in Ireland. Many of my constituents in Limerick were motor...
- Seanad: Commencement Matters: Insurance Industry (1 Feb 2018)
Kieran O'Donnell: I thank the Minister of State. The main issue, particularly in regard to third-party claimants, of whom there are approximately 1,500, is a timeline for payment. The Minister of State has indicated that he expects a legislative approach will be required and that amendment of legislation or new legislation will be needed. In terms of the payment by the State of the 35% - with the subsequent...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union Matters: Commissioner Valdis Dombrovskis (1 Feb 2018)
Kieran O'Donnell: I thank the Chairman and I will be brief. I just have one query on Brexit. Does Commissioner Dombrovskis feel that Brexit will be of benefit to the UK, the European Union or to Ireland? What is his view on the financial impact of Brexit?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union Matters: Commissioner Valdis Dombrovskis (1 Feb 2018)
Kieran O'Donnell: In that context, a former Taoiseach, John Bruton, who is probably known to the Commissioner, has recently stated that he feels the transitional period of two years may not be sufficient. Does Commissioner Dombrovskis have a view on that statement? I believe that under Article 50 it is possible to extend the time, if there is unanimity among the European Council members.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union Matters: Commissioner Valdis Dombrovskis (1 Feb 2018)
Kieran O'Donnell: If the UK does not see some common sense on the impact that Brexit will have and if Brexit proceeds, does the Commissioner see the relationship being in the form of the current Norwegian model? Norway currently has a financial model with the EU so could the UK have a similar relationship with the EU?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Kieran O'Donnell: I welcome Mr. Stanley and Ms Arnett. Like my colleagues, I think it is reprehensible that Mr. Mallon did not appear today. We have been pursuing Ulster Bank to come before the committee for many weeks. The bank did everything in its power to ensure that it did not. We have a body of work to do and now we find that the bank has arrived in without its CEO. This is not personal, it is just...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Kieran O'Donnell: The figure was 1,200 by the end of 2017.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Kieran O'Donnell: How does that figure break down into redress and compensation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Kieran O'Donnell: So the figure is €23 million in total, is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Kieran O'Donnell: Is €18 million the figure for redress and €5 million the figure for compensation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Kieran O'Donnell: I mean no disrespect to Mr. Stanley, but he knew he was coming before the committee today. That figure relates to a question which was obviously going to be asked. I do not think it is reasonable for him to come in without having that figure to hand.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Kieran O'Donnell: There are 1,200 customers. The problem is that the money Ulster Bank is refunding to people is not the its money; it is the tracker mortgage holders' money.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Kieran O'Donnell: They should not have to beg for it. We have been consistent with all the banks. I have no doubt but that the witnesses have watched the committee's proceedings with great interest. We have sought the total amount that has been paid to date, which the witnesses have given, and a breakdown of that amount in numerical and value terms between compensation and redress. The witnesses have come...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Kieran O'Donnell: We have asked this consistently of all the banks that have come before us. It is a question the tracker victims and the public looking in are asking. They want to know what percentage is being paid in addition to the redress and compensation. Can Mr. Stanley give me an idea-----