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Public Accounts Committee: Business of Committee (20 Jun 2013)

Kieran O'Donnell: I just wanted to receive an update on the Dublin Docklands Development Authority issue.

Public Accounts Committee: Business of Committee (20 Jun 2013)

Kieran O'Donnell: What is the state of communications to date with the potential witnesses and what responses have come in from them on appearing before the committee? We need an overall view.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Kieran O'Donnell: What measures would be put in place in the event that the financial situation is correct and the 25% share in Aer Lingus were to be disposed of? We are an island nation and from a capital viewpoint one of the main assets Aer Lingus has is the Heathrow slots. Heathrow is a gateway. We had an overall review on Coillte. The Heathrow slots should feed into a continuous overview of Aer Lingus.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Kieran O'Donnell: I wish to share my time with Deputy Creed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Kieran O'Donnell: I have a few questions for the Minister. What has been lost sight of is that the purpose of this measure is to invest money to generate jobs. Will the Minister indicate the job-proofing - if that is the correct term - is being done to ensure that any investment of these proceeds will be put into areas that will lead to the maximum outturn in terms of jobs?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Kieran O'Donnell: The Chairman is excused. There is a moral in the story in that Deputy Creed indicated he did not wish to speak but he has assumed the throne instead. The Minister said in his presentation that the €3 billion target was decided to effectively arrive at a position where half of the proceeds could be put into employment creation projects. He further said that he may have the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Kieran O'Donnell: Is it ideological?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Kieran O'Donnell: Everyone is being very helpful. I was very much against the idea of the network being sold in terms of Eircom. It set us back in the Government being able to roll out broadband and on various other measures. When considering Aer Lingus, one of the key features is its Heathrow slots. It is a major factor in the case of Shannon and I represent Limerick City. The Minister might explain that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Kieran O'Donnell: I am interested in the reply to my question on the Heathrow slots, as a time limit applies for my questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Kieran O'Donnell: We will have the Acting Chairman at a meeting again.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Kieran O'Donnell: Will there be a reporting mechanism for Irish Water to ensure the least possible cost for water services to the end consumer? Over many years in this country various bodies have been set up that lack accountability and become like ships sailing away on their own. Is there an integrated model and where does NewERA fit in? I would also like to hear about the oversight role. The bottom line...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Kieran O'Donnell: The Minister means Aer Lingus.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Kieran O'Donnell: ESB.

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: On the question of white collar crime, we are doing work on bank stabilisation and we will incorporate that into our work. We will send a copy of today's transcript to the Department of Finance. Has Mr. Elderfield written to or communicated to the Department of Finance his views on the issue of white collar crime?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Will this be incorporated into the annual report of the Central Bank? Mr. Elderfield obviously feels strongly about it. Since 2008, the financial crisis has cost the citizens of Ireland some €64 billion. Much of that money will be totally written off. I have no doubt that in society there are people who through the misfortune of losing a job have suffered the rigors of the law....

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: I strongly suggest that this be done.

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: I am only speaking for myself, but would Mr. Elderfield share my concern for the ordinary person, who has experienced very difficult years? To the amazement of everybody, not a single person has been brought to account fully for the banking failures, which have effectively saddled them with debt to the tune of €64 billion?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: The Deputy has elaborated on my point.

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Effectively, it would appear the legal and administrative tools are not in place to ensure that people are legally held to account. From Mr. Elderfield's review of the system, that is obviously the view he has formed. Is that correct?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: With a better toolkit. I thank Mr. Elderfield for his patience. I wish him well in his new position in Lloyds in the United Kingdom and send greetings to his good lady wife. There is no doubt that Mr. Elderfield will be missed, but I hope he will come and visit Ireland. Does the committee agree to dispose of Special Report No. 72 - Financial Regulator, responding to the financial market...

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