Results 23,401-23,420 of 26,092 for speaker:Kieran O'Donnell

Public Accounts Committee: Public Service Reform Plan: Discussion (11 Oct 2012)

Kieran O'Donnell: In the spirit of co-operation, I ask the Minister to write to the procurement officers or to the relevant bodies and spell it out for them in straightforward language because local jobs are at stake. We are all practising politicians and the Ministers will be aware that our role is to protect jobs in our constituencies at all costs. We must get the best value for the public purse. Local...

Public Accounts Committee: Public Service Reform Plan: Discussion (11 Oct 2012)

Kieran O'Donnell: We are on the same page.

Public Accounts Committee: Public Service Reform Plan: Discussion (11 Oct 2012)

Kieran O'Donnell: Will the Minister of State provide clarification on one issue relating to local procurement officers? The Minister of State will be conscious that there are many old businesses employing people locally and they simply wish to know that if a contract comes up under the framework-----

Public Accounts Committee: Public Service Reform Plan: Discussion (11 Oct 2012)

Kieran O'Donnell: It is "Shame" Ross. They obviously went back to the Deputy's birth certificate.

Public Accounts Committee: Public Service Reform Plan: Discussion (11 Oct 2012)

Kieran O'Donnell: The Deputy can hardly blame Deputy Mattie McGrath for that.

Public Accounts Committee: Public Service Reform Plan: Discussion (11 Oct 2012)

Kieran O'Donnell: I understand the Minister's time is limited.

Public Accounts Committee: Public Service Reform Plan: Discussion (11 Oct 2012)

Kieran O'Donnell: I welcome the Minister, Deputy Howlin, and the Minister of State, Deputy Hayes, to this committee. Deputy Howlin states in his presentation that he has had discussions with colleagues, both ministerial and others, on the Croke Park agreement. Will he update us on his objectives for savings: the timeframe in which it will happen; what is being done to make the agreement work to its maximum...

Fiscal Responsibility Bill 2012: Second Stage (Resumed) (10 Oct 2012)

Kieran O'Donnell: It does not have access to credit.

Fiscal Responsibility Bill 2012: Second Stage (Resumed) (10 Oct 2012)

Kieran O'Donnell: I am delighted to be in a position to contribute to the debate on this relatively short Bill. I will comment on the Bill itself and I will then provide an overview in respect of where our economy, the banking system and Europe currently stand. Rather than looking back, I want to look forward. The need for Bill obviously arose as a result of the referendum. As well as making provision in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kieran O'Donnell: In that case I will ask the following question. Does it fall within Grant Thornton's remit to follow the money trail of moneys that would have been given by way of intercompany loans from the Quinn Insurance company?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kieran O'Donnell: The €1.3 billion guarantee is listed under guarantees given to subsidiary companies. What was the value of loans given by financial institutions? The €1.3 billion was the guarantee but how much money was actually involved?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kieran O'Donnell: It was on subsidiary assets of Quinn Insurance.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kieran O'Donnell: Does Mr. McAteer know for what the €1.3 billion was used?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kieran O'Donnell: The security ultimately fell back on QIL.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kieran O'Donnell: There was €450 million at the end. Mr. McAteer said there was an agreed settlement of €200 million, generating a saving of €250 million. I ask Mr McAteer to link that €450 million back to the €1.3 billion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kieran O'Donnell: I have questions for the representatives of the Central Bank. Can Mr. Cullinan explain how QIL was able to operate with reserves, which appeared to be significantly less than other insurance companies were providing in the market? Clearly, anecdotally or otherwise, it was significantly undercutting other insurance companies and gaining significant market share. The purpose of regulation is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kieran O'Donnell: While I am open to correction on this matter, cash may only leave the group in a number of ways. It can happen by way of director's loan or director's salary. It was hardly motor expenses - it would be a bit high. The other way is through inter-company loan. Does Mr. Cullinan believe that this went out to individual directors of the company?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kieran O'Donnell: That concurs with what Mr. McAteer was saying.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kieran O'Donnell: It was. It is an inter-company loan if it is not one company to another company.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kieran O'Donnell: No, but at the end of the 2006-07 accounts was there a balance in the inter-company loan? Obviously there was and then it was written off. It was an inter-company loan that was effectively written off.