Results 13,461-13,480 of 26,081 for speaker:Kieran O'Donnell
- Seanad: Marine Spatial Planning: Statements (12 Jun 2018)
Kieran O'Donnell: Is a copy of the Minister of State's script available for Members?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)
Kieran O'Donnell: I welcome the Minister to the meeting and apologise for not being here earlier. Interspersed with what we are discussing is the issue of our competitiveness. I heard an economist say recently that the biggest challenge facing Ireland is its competitiveness. What is the Minister's perspective on our competitiveness in a European and a world context and on the way in which Brexit will impact...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)
Kieran O'Donnell: The Minister may have touched on the issue of Brexit. It appears to have dragged on and on and people realise it could have enormous implications. How does the Minister see Brexit evolving relative to Ireland over the next six months to a year? I am not asking the Minister about the long-term impact but to encapsulate where he sees it evolving over the next 12 months.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)
Kieran O'Donnell: The Minister is in the cockpit.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)
Kieran O'Donnell: Has the Minister a view on how long that transitional period would be?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform (12 Jun 2018)
Kieran O'Donnell: It is in play. Is there a mechanism in place to extend that transitionary period if the EU countries and the UK agree? I would favour a move in that direction. There is a need for a significant transitionary period.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)
Kieran O'Donnell: I welcome Mr. Masding and his colleagues once again. I want to pursue a point made by Mr. Masding. He made reference to the non-performing loan ratio of 26%. What ratio are the European Central Bank, ECB, and the European authorities looking for? In terms of the value of loans and the physical number of loans, by how much will Permanent TSB be required to reduce the balance sheet to get...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)
Kieran O'Donnell: There is €2.2 billion coming out in Project Glas. How long will it take to get to that 5% or 6% and what value of loans will the bank be required to either restructure-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)
Kieran O'Donnell: Does Mr. Masding see the bank being required to get down to the 5% or 6%?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)
Kieran O'Donnell: Staff.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)
Kieran O'Donnell: In terms of Project Glas, to what percentage will the 26% figure reduce?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)
Kieran O'Donnell: Are we talking about 15% or 16%?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)
Kieran O'Donnell: When will the bank get to the stage where that knocks 10% off? To get to that 5%, Mr. Masding is talking about taking out another €2 billion.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)
Kieran O'Donnell: I just want-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)
Kieran O'Donnell: I am aware of that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)
Kieran O'Donnell: I know that. I am looking at it in a more linear way. I just want to get a handle on it and our role is a representational one. On the figure, am I correct in saying that approximately another €2 billion of loans will have to be dealt with by way of restructuring or sale to get to that 5%?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)
Kieran O'Donnell: We are probably talking about approximately 10,000 additional loans involved.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)
Kieran O'Donnell: In terms of their plan, how do the witnesses propose to deal with that? They have Project Glas, and it is extremely important that mortgage holders' rights are respected, but there is a further wave to come. How will that manifest itself? Will it be about sale to funds or restructure? Is it a different profile of mortgage holder? Mr. Masding spoke about long-term arrears in terms of the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)
Kieran O'Donnell: To grow, but even with that-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)
Kieran O'Donnell: Will the bank be hoping for an NPL ratio of around 15% or 16% at that time?