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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Kieran O'Donnell: Am I correct in saying that all 11 of the submissions were either fully or partially agreed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Kieran O'Donnell: I am trying to make the point that the 11 submissions made were either fully or partially agreed by the Central Bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Kieran O'Donnell: Were none submitted to which the response was that no form of increase was sanctioned?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Kieran O'Donnell: Was there any situation in which a bank lodged a submission but got no increase whatsoever?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Kieran O'Donnell: What about 2012?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Kieran O'Donnell: Of the three banks mentioned - AIB, Bank of Ireland and Ulster Bank, which make up 96% of SME lending - what were the increases in bank charges between 2012 and 2013 based on the notified charges that were there before 1996 and the current ones? Does Mr Sheridan have that breakdown?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Kieran O'Donnell: I welcome Mr. Sheridan and his colleagues, and Mr. Fielding. It strikes me that the banks have a kind of lucky dip of bank charges available to them since 1996. They can dip in or out of that well. This is a very abstract area for ordinary people, but it is not so abstract for people in business who are being hit with referral charges, unpaid fees charges and this, that and the other,...

Written Answers — Department of Finance: Pension Provisions (16 Apr 2013)

Kieran O'Donnell: To ask the Minister for Finance when he expects that eligible persons will be able to avail of the new provisions in the Finance Act 2013 for the pre-retirement access to AVCs; the date eligible persons will be able to encash up to 30% of AVCs; and if he will make a statement on the matter. [17412/13]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Kieran O'Donnell: How much will the Irish taxpayer have to put into these resolution funds and the ESM?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Kieran O'Donnell: If the deposit scheme was up to €100,000, would it then be 1% of all funds below €100,000? How much will this scheme cost the Irish taxpayer?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Kieran O'Donnell: That is just short of €1 billion. What is it meant by covered deposits in the Irish context?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Kieran O'Donnell: The eligible liabilities guarantee scheme finished on 31 March. Are there any five-year deposits over €100,000 that would be continued to be covered by the scheme?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Kieran O'Donnell: I understand that, but I am looking for clarification on the other point.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Kieran O'Donnell: In the case of Ireland, the deposit guarantee scheme will cover 1% of covered deposits, which is effectively about €900 million.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Kieran O'Donnell: Who would fund that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Kieran O'Donnell: Is there a fund for the current deposit guarantee scheme for deposits of up to €100,000?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Kieran O'Donnell: Is that the €250 million fund?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Kieran O'Donnell: There is one fund for the deposit guarantee scheme, which is a current fund for €400 million. There is also a proposal for a resolution fund, to be 1% of covered deposits, which will come to €900 million in the Irish context.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Kieran O'Donnell: Who is funding that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Kieran O'Donnell: Will this be separate to the resolution fund?

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