Results 13,241-13,260 of 26,081 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: I have two questions on that. Does the Governor believe there are early signs that the housing market is overheating? By how much would property prices have to increase before the Governor would be concerned that the property market is overheating and that we are moving into territory that might see a reversal in the price of houses?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: No. The Governor has said the rate of increase in the price of houses over the next three years will be 5% per annum. At what rate would the Governor be concerned that the property market is overheating? Are we seeing early signs of that as we speak?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: What level of house price increase would cause concern for Professor Lane, as Governor of the Central Bank, and suggest that we are moving into overheating of the property market?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: Professor Lane would have a worry about that and it would set off alarm bells. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: My final question is on Brexit. What is the view of the Governor on Brexit and where it is at? What are the implications for the Irish economy on the financial, economic and social sides? What is Professor Lane's view as Governor of the Central Bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: For every 3% slowdown, the effect is 1% for us. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: Bypassing.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: The Governor is hardly giving advice to his staff.
- Seanad: Order of Business (Resumed) (15 May 2018)
Kieran O'Donnell: I join with my colleagues in condemning the atrocity perpetrated on Palestinians. The use of live ammunition to gun down civilians is unforgivable.
- Seanad: Order of Business (Resumed) (15 May 2018)
Kieran O'Donnell: It is an atrocity beyond all proportion. What is required now is an international response. The UN should seek an investigation and a solution. I have read some of the preliminary discussions. I would like to see the US coming on board.
- Seanad: Order of Business (Resumed) (15 May 2018)
Kieran O'Donnell: People speak about President Trump and so forth. He appears to make most of his decisions based on domestic criteria in terms of the populous vote, as a result of which there are a lot of unintended consequences. People will speak about individual situations but what we are speaking about now is an international crisis. The UN now needs to carry out an investigation and put in place...
- Seanad: Order of Business (Resumed) (15 May 2018)
Kieran O'Donnell: We must get a solution. The second issue I want to raise is that of hoax calls, which, as my colleagues from Limerick will be aware, are becoming a feature in Limerick. More than half of all calls to emergency services are hoax calls. I ask that when the Minister for Communications, Climate Action and Environment is next before the House we would have a detailed debate on what preventative...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: And how.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: I wish to I flesh out a few points. We hear a lot about funds and the vulture aspect of the title in the fund. Is it a bit of a misnomer because, based on what I hear from people involved in the business with whom I am in contact, most of these funds are effectively nearly 100% geared? They are effectively borrowing money from funds themselves worldwide. They then buy the loans from the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: They are going to institutional investors in the US but they themselves are effectively working off borrowed money. They are not funds in the strictest sense of the word.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: My understanding is that this is not the case. I do not know how Mr. Hall would feel about that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: It makes a difference because if an entity is a fund, it has a large amount of capital at its disposal. A pension fund is looking for turnover over a longer period. If an entity is borrowing money and buying loans on the basis of borrowed money-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: I am just making that point.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: Mr. Hall and Mr. Burgess will have had direct contact with people who have had their loans sold to vulture funds. Is their contact via an intermediary or with the fund itself? Does the fund lurk in the background, making the decisions, while the intermediary meets the witnesses?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: Can Mr. Hall give an example of that? Does it happen over the phone or via email?