Results 20,761-20,780 of 26,228 for speaker:Kieran O'Donnell
- Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014) Kieran O'Donnell: It came to the court. The court made a ruling based on what the houses would have been sold for on the open market, which was €77.6 million. He received €45 million for selling them as affordable housing. The court deemed that he was to be paid €31.5 million and the Department paid him the full going rate for affordable housing.
- Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014) Kieran O'Donnell: When Ms Tallon looks back on that, was it the correct approach? People have differing views on NAMA but, if it had not been established, some €31.5 million of taxpayers money would have gone directly to a private source, not back into NAMA, which is effectively owned by the taxpayer. The structure of the deal was such that he got a value that was the market value at the peak. What...
- Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014) Kieran O'Donnell: That would be an understatement.
- Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014) Kieran O'Donnell: In the limited time I have-----
- Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014) Kieran O'Donnell: Is this the same developer?
- Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014) Kieran O'Donnell: Who was the Taoiseach at the time? What year was that? I need to know the precise date on which the valuation took place.
- Public Accounts Committee: Business of Committee (30 Jan 2014)
Kieran O'Donnell: If I may, I will make an observation. We have received lengthy legal advice on this matter and put the questions clearly to the secretariat's legal adviser, who will attend our meeting. Following all of that, we need further legal advice. There must be due process and fairness. This is a legal issue as well as a parliamentary one. Let us follow due process.
- Public Accounts Committee: Business of Committee (30 Jan 2014)
Kieran O'Donnell: We are seeking information from a number of parties on Rehab. Will the clerk inform groups when correspondence has been received from others so we have co-ordination on what has been received and people are aware of the information sought by the committee and what information it has received, so the process is efficient and fair?
- Public Accounts Committee: Business of Committee (30 Jan 2014)
Kieran O'Donnell: Will the clerk put a few little tables in front as well?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Kieran O'Donnell: The problem is the rate of interest.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Kieran O'Donnell: The problem is that the amount is too high initially.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Kieran O'Donnell: Let us suppose the person would only pay for three years. We are discussing a cap. The problem is that it still will not work. The initial rate is exorbitant and therein lies the weakness. The problem is that ordinary people are chasing down money and taking money that they simply cannot afford, but they have no alternative. The main point that arose was made by Mr. Sheridan, namely, it...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Kieran O'Donnell: What was the wording put on the question?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Kieran O'Donnell: What is the licensing fee? What is the cost?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Kieran O'Donnell: What is a typical levy?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Kieran O'Donnell: What legislation governs the licensing of moneylenders?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Kieran O'Donnell: Is the Central Bank prohibited under the legislation from imposing interest caps? Is there anything within the legislation that prevents the Central Bank from imposing an interest cap at the moment?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Kieran O'Donnell: Mr. Sheridan referred to the issue of alternatives. I agree with him that one has to find an alternative. The credit union model is structured, community-based and has the skill set. The problem with the structure of that model is the restrictions on it. It would be very informative if the Central Bank, working with the registrar, would commit to carrying out a review, taking into account...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Kieran O'Donnell: Can Mr. Sheridan give a commitment that this area will be looked at positively by the Central Bank and the registrar? Will the Central Bank look at that issue and speak to the registrar?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)
Kieran O'Donnell: They are similar questions. Are they operating a cartel and is there a relationship between them? What bad debt provisions exist for moneylenders versus ordinary banks? It is disturbing and shocking that any body charges nearly 300% APR. That is being charged when people cannot afford it. Did the bank consider how they come up with cost of funding?