Results 20,081-20,100 of 26,053 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: I understand the point Mr. Burgess is making but that is not much good to a business person, farmer or young couple. When people are approaching us in twos and threes we know there is a major problem. I want to get his perspective on the lack of consistency between providers. Could simple rules be devised to enforce some sort of equity?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: I welcome everyone. My point relates to the paradox of positive equity where it actually works against a person to be in positive equity. Are the witnesses finding that institutions are almost becoming bloodhounds for positive equity?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: They are chasing it down every alley they can.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: I just wanted to get witnesses' observations because in the previous session, I raised the case of one institution which has become very aggressive recently, namely, Danske Bank. It is coming out of National Irish Bank, which would have a broad range of customers. People are coming in to me who are in positive equity. They are, effectively, getting voluntary surrenders. Am I right in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: If people are involved in the small business sector in any way and have property with any kind of positive equity, it can impinge on their businesses. It appears to be a growing phenomenon. It is the paradox of positive equity. Ms Sadlier has given us a good insight into it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: What would be Mr. Maguire's observations on a practical solution? What proper exit mechanisms should have been put in place with banks leaving Ireland and where a portfolio of loans is being made ready for sale?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: It had a very good name as an institution.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: The Chair should show consistency of treatment.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: A blueprint for the banks.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: What I want to know is Mr. Hall's feeling from his dealings on the matter. The situation is having a devastating impact on people on the ground. It is especially the case for Danske Bank, but perhaps that is due to where I am based geographically.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: They will appoint a receiver for a site of an acre. What does Mr. Hall suggest should be done? I will ask the other delegations the same question. What is required? We are talking about the lives of real people. This situation has cropped up too frequently and we cannot afford to ignore it. In some cases families have been involved. We are talking about real people's lives. What needs...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: Which of the four proposals does Mr. Hall feel will work?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: Correct.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: Can Mr. Hall deal with the process? The issue of receivers has come to the fore. Can something be done about Danske? Has the matter featured on his radar?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: In the time remaining I wish to ask about decoupling business debt from mortgage debt. In one case I found that there was equity in the family farm and the mortgage on the home was very high. A situation arose under the cloud of trying to restructure the debt, and they flogged the business asset to reduce the mortgage in order to get the mortgage loan ready for selling on. There is an...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: As I have said to the other delegations, I want Mr. Hall to give practical solutions. In a lot of general cases banks are dealing with people reasonably well and going through it with people. There are cases - I have mentioned Danske specifically because I have come across such cases - in which a bank has been too aggressive. At times it lacked an element of logic and was only concerned...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: I welcome the witnesses. I wish to mention a few points that regularly arise on a practical level. Mr. Hall referred to Danske Bank and Bank of Scotland. I have been hearing from many people about Danske Bank in the last few weeks, where the bank has become extremely aggressive, in some cases involving the family home. It is moving with receivers overnight. I have one case where the...

Joint Oireachtas Committee on Education and Social Protection: Social Welfare Entitlements for Self-Employed: ISME, SEA and SFA (26 Mar 2014)

Kieran O'Donnell: Per annum.

Joint Oireachtas Committee on Education and Social Protection: Social Welfare Entitlements for Self-Employed: ISME, SEA and SFA (26 Mar 2014)

Kieran O'Donnell: How many of the delegates' members have income protection? Many self-employed people will benefit from income protection if they become ill.

Joint Oireachtas Committee on Education and Social Protection: Social Welfare Entitlements for Self-Employed: ISME, SEA and SFA (26 Mar 2014)

Kieran O'Donnell: The only reason I was making the point is that there is a huge cost imposed on the Exchequer. I refer to both the self-employed and PAYE workers because everyone is paying into the pot. Given what is being proposed, how many of the members would have income protection of some form?