Results 24,801-24,820 of 26,148 for speaker:Kieran O'Donnell
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: Deputy Gogarty will be disappointed.
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: The handout the Minister issued on NAMA mentioned that on winding up there would be a 10% bonus, but also mentioned a cap of â¬5 million. Does that 10% bonus refer purely to private equity?
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: Would NAMA be entitled to 10% also?
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: I just wanted to clarify that. Special purpose vehicles are quite commonplace in the private sector. The Minister is setting up this SPV in order, technically, to remove the â¬54 billion from the balance sheet. However, credit rating agency, Fitch Ratings, factored in the â¬54 billion that NAMA is taking on board.
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: The Minister stated the debt ratio would be 110%
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: Going back to the point on the private sector, the Minister is setting up the SPV to get it off the balance sheet. For it to be off the balance sheet, it must satisfy a number of requirements, namely that it is a separate legal entity with autonomy of decision in day to day operations, be able to incur its liabilities on its behalf and have complete accounting information. In a normal case...
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: Would a private company not need to have a separate private auditor as well? Will the Comptroller and Auditor General be the group auditor?
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: It is a legal requirement.
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: I accept the Comptroller and Auditor General will be the group auditor but is there not a requirement for a stand alone audit in respect of the SPV?
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: Is EUROSTAT satisfied that the Comptroller and Auditor General will be auditing a private vehicle?
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: So none of this has been finalised.
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: Can we see the shareholders' agreement?
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: The Deputy should apologise to Uganda.
- National Asset Management Agency Bill 2009: Report Stage (4 Nov 2009)
Kieran O'Donnell: In the interest of consistency of contributions I will do that. I will speak to amendment No. 2. The taxpayers are investing â¬54 billion in NAMA. If it was the private sector, the taxpayers, like other investors in that sector, would be effectively shareholders. They would have access to annual accounts and could attend annual general meetings in order to put forward their views. They...
- National Asset Management Agency Bill 2009: Report Stage (4 Nov 2009)
Kieran O'Donnell: Angola.
- Mortgage Arrears: Motion (3 Nov 2009)
Kieran O'Donnell: The antibiotics must be kicking in.
- Mortgage Arrears: Motion (3 Nov 2009)
Kieran O'Donnell: I wish to share my time with Deputies Terence Flanagan and Bannon. Deputy Bruton will speak on the Bill tomorrow evening.
- Mortgage Arrears: Motion (3 Nov 2009)
Kieran O'Donnell: It is ironic that we are debating the plight of homeowners who are at risk of losing their homes during Opposition Private Members' time, having regard to the amount of time that was spent debating the NAMA legislation. One would have to question if we have our priorities right. We have all met people who are experiencing such difficulties in our clinics. They are typically young people...
- Written Answers — National Asset Management Agency: National Asset Management Agency (3 Nov 2009)
Kieran O'Donnell: Question 102: To ask the Minister for Finance the breakdown of the individual discounts being applied to each of the five financial institutions in respect of the loans of â¬77 billion being taken over by the National Asset Management Agency; and if he will make a statement on the matter. [37797/09]
- Written Answers — Tax Yield: Tax Yield (3 Nov 2009)
Kieran O'Donnell: Question 280: To ask the Minister for Finance the updated tax yields for the months of October, November and December 2009; the way this compares to the previously forecasted yields for these months; if he will provide this information in tabular form under individual headings for each of the relevant taxes; and if he will make a statement on the matter. [38089/09]