Results 23,781-23,800 of 26,228 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Kieran O'Donnell: I will not delay the meeting but it is very simple. We want regulation of the system. I want to know, in practical terms, how the operations involve the treasurer. This matter could probably be overcome by a finance committee. The treasurer could chair that committee. Ultimately, we cannot lose sight of the ethos by which credit unions operate. We must find a solution by thinking...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Kieran O'Donnell: It would be worthwhile to meet them, nonetheless.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Kieran O'Donnell: Is it correct that a director of a nominating committee may remain on the committee for more than nine years provided the committee gives valid reasons for any such decision? Does this issue need to be clarified in the Bill?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Kieran O'Donnell: Does Mr. Owens believe credit unions would be able to work with section 12 if it were clarified? For instance, could exceptional members of the nominating committees be able to remain on the board for more than nine out of 15 years? We should bear in mind that smaller credit unions are experiencing difficulties in replenishing their boards.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Kieran O'Donnell: If the section were amended to allow members to make the decision on extending board membership to beyond nine years, could the provision work?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Kieran O'Donnell: We probably agree that requiring any such extension in the term of a member of the board to be ratified by the board and members could offer a way forward. The section, as drafted, appears to put credit unions in a different category from other financial institutions. Perhaps this provision could be amended to address that specific issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Kieran O'Donnell: The ethos of credit unions requires that directors are elected by members who are similar to the shareholders of a company. Is it possible to allow the treasurer to continue to reflect back to the membership while producing a formula that would tighten the structure? Treasurers effectively assume the role of manager of the credit union. Could the structure be revised to give more comfort...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Kieran O'Donnell: I welcome Mr. Owens and his colleagues. I particularly welcome Mr. O'Halloran and Mr. Hennessy from my constituency in County Limerick. I would like to get clarification on the size of Mr. Hosford's credit union. What level of assets does it have?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Kieran O'Donnell: How many branches does it have?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Kieran O'Donnell: I would like to receive the same clarification from Mr. McConville in respect of his credit union.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Kieran O'Donnell: Those in attendance represent two large credit unions and one medium-sized credit union. Is that correct? Mr. Owens has spoken from the perspective of a particular cohort of credit unions. How many credit unions among the main cohort have assets of €50 million or less? Would most credit unions in Ireland have such assets?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Kieran O'Donnell: A genie might have been released from the bottle.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Kieran O'Donnell: How big is Dundrum Credit Union?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Kieran O'Donnell: What is its size asset-wise?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Kieran O'Donnell: It would be at the upper end - a big credit union.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Kieran O'Donnell: My understanding of the credit union was that people went to it when they required a loan for a specific purpose - maybe to buy a car or whatever. What is the motivation for providing this particular product?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Kieran O'Donnell: It is an administrative issue.

Personal Insolvency Bill 2012: Second Stage (5 Jul 2012)

Kieran O'Donnell: They have a high king.

Personal Insolvency Bill 2012: Second Stage (5 Jul 2012)

Kieran O'Donnell: I compliment the Minister on this substantial body of legislation which runs to almost 120 pages. It is comprehensive in nature, but it comes from a simple, threefold premise: first, bankruptcy is a measure of last resort; second, it relates to people who are unable to pay as distinct from those who will not pay; and, third, every effort should be made to ensure people remain in their homes....

Microenterprise Loan Fund Bill 2012: Second Stage (Resumed) (28 Jun 2012)

Kieran O'Donnell: I welcome the opportunity to contribute to the debate on the Microenterprise Loan Fund Bill 2012, which is a welcome measure. I have no doubt the Minister, Deputy Bruton, will ensure it is innovative. More than 6,000 people are employed in the SME sector in Ireland and they are the lifeblood of the economy. It is great to see the multinational sector doing well but the SME sector is a huge...