Results 1,381-1,400 of 26,021 for speaker:Kieran O'Donnell
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: The Minister knows that. There should be a proper debate.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: It is too important. Why is the Minister guillotining this debate?
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: It would be very much in the social and economic interests of the State that we had a proper debate on this legislation. Regarding the amendment, when one defines the economic and social development of the State, we must debate issues such as the windfall tax, the bank levy - which the Minister is calling a surcharge - and the guidelines on lending put forward by the Minister. This...
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: I have addressed the amendment in terms of the social aspect.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: In many cases in the past they were not in place.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: I move amendment No. 9: In page 17, between lines 17 and 18, to insert the following: "(viii) to ensure that the measures taken in this Act restore confidence in the banking sector are reciprocated by lending by the participating institutions to members of the public generally in their private capacity and to small and medium enterprise in particular, (ix) to ensure an orderly property...
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: I have a major issue with that. On the key issues the Minister is to bring forward guidelines on getting credit flowing but I must express my severe disappointment that he saw fit not to allow extra time to ensure we improve the quality of this legislation.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: No.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: If the Minister wished, he could voice the view that he felt extra time should be given to the Bill and no doubt the Government would acquiesce to that request from him. The other issue concerns the term, "to ensure an orderly property management strategy over a ten year period". Once again, within the draft business plan we have no idea what exactly the Minister has in mind in terms of the...
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: The Minister did not.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: We are discussing the amendment. If the Minister reads the amendment,-----
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: -----he will see that the purpose of the Act is restoring credit, orderly property management strategy,-----
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: -----to recover the maximum funds, to take all necessary steps to prevent a recurrence of the conditions that brought about the financial crisis. The Minister can be glib and state we should not discuss them, but these are key amendments. Some of them are new amendments. The windfall tax is a new amendment, a new section.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: The surcharge is a new amendment, creating a new section. It was not tabled on Committee Stage and we will never get the opportunity to discuss it.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: It is critical that we get time to debate the issue of the credit flow. The Minister has tabled amendment No. 78 and the worry is we may not get the opportunity to discuss it. It is critical in terms of the orderly management of property. That is why there would be a need for proper verification of the NAMA business plan. In this regard and on the question of the subordinated debt and the...
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: I thank the Minister for facilitating this discussion on a key element of the NAMA project, which may help to get credit to flow to small businesses. Fine Gael has tabled amendments Nos. 29, 32 and 78. The Minister's amendment No. 127, which is very general in import, states: (1) The Minister may issue guidelines--- (a) regarding lending practices and procedures to facilitate the...
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: If only it was â¬28 million.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: What about the Irish assets?
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: Why was Anglo Irish Bank nationalised then?
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: I have no criticism of Mazars.