Results 46,561-46,580 of 49,836 for speaker:Stephen Donnelly

Written Answers — Department of Social Protection: Rent Supplement Scheme Payments (12 May 2015)

Stephen Donnelly: 239. To ask the Minister for Social Protection if a review has been conducted of the maximum rate of rent allowance available by area; if so, when these new rates will become active; the criteria used to determine these rates; and if she will make a statement on the matter. [18325/15]

Sale of Siteserv: Motion [Private Members] (6 May 2015)

Stephen Donnelly: Public trust in the political system in Ireland has collapsed and tonight's debate is a perfect example of why that has happened. The only reason an investigation is being conducted into the sale of IBRC assets is because of the work of Deputy Catherine Murphy. The motion before the House concerns who should conduct that investigation but serious questions of political governance must also...

Sale of Siteserv: Motion [Private Members] (6 May 2015)

Stephen Donnelly: I will withdraw the allegation of a cover-up - heaven forbid.

Sale of Siteserv: Motion [Private Members] (6 May 2015)

Stephen Donnelly: The motion before the House condemns the appointment of KPMG to undertake a review of transactions in IBRC as it advised Siteserv during the sale. The Government amendment acknowledges that and states that the sale process was run by Siteserv along with its advisers KPMG Corporate Finance and Davy Corporate Finance and calls on Dáil Éireann to support the review, which KPMG has...

Written Answers — Department of Environment, Community and Local Government: Housing Adaptation Grant Data (6 May 2015)

Stephen Donnelly: 570. To ask the Minister for Environment, Community and Local Government if he will provide, in tabular form, the amount of funding being made available to local authorities in 2015 under the housing adaptation grant scheme, the housing aid for older people scheme, the mobility aid grant scheme and the disabled persons grants scheme for council owned properties; if he will provide a breakdown...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Stephen Donnelly: I welcome Mr. Brown and his team to the committee and thank them for their time. I think this will be the last time Mr. Brown will appear before the committee.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Stephen Donnelly: I am delighted that lending increased by nearly 40% last year. It is very positive and I hope it continues. I recognise the efforts Ulster Bank has made in the mortgage arrears crisis. People who work on behalf of borrowers have said positive things to me about Ulster Bank and told me the bank is making genuine efforts to keep people in their homes, where possible, and come to reasonable...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Stephen Donnelly: To the best of Mr. Brown's knowledge, has it ever happened while he was in control of Ulster Bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Stephen Donnelly: Is it the kind of thing Ulster Bank would do?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Stephen Donnelly: The previous time Ulster Bank representatives appeared before us, they told us it was the bank's policy that there would be no write-down of debt. I very much welcome Monday's statement that, in particular situations, the residual debt after a voluntary sale would be written off. On the last occasion we spoke, Mr. Brown said where Ulster Bank had a controlling vote on a proposed personal...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Stephen Donnelly: I am sorry to cut across Mr. Bell but I am mindful of the time factor. Various proposals are currently being considered by the Government on accelerating the pace of the mortgage crisis. It has gone on in Ireland far longer than it has gone on anywhere else. I tabled a motion in Dáil last night that raised a few possibilities. Can I get a quick response from the bank as to whether it...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Stephen Donnelly: Mr. Brown said that he did not think that reducing the bankruptcy period from three years to one year would help much, regardless of that, would he have any serious concerns about it being introduced?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Ulster Bank (29 Apr 2015)

Stephen Donnelly: Thank you.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Stephen Donnelly: Mr. Boucher and his team are very welcome today. I would like to start with Mr. Boucher's thoughts on an issue that is not related to Bank of Ireland but rather concerns IBRC. Imagine if there was a company that owed Bank of Ireland €150 million and the market value of the company, which was insolvent and could not pay its debts was approximately €50 million. If the bank...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Stephen Donnelly: Please.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Stephen Donnelly: I thank Mr. Boucher and appreciate that we both have to be careful. In his time as chief executive of Bank of Ireland since 2009, has the bank ever allowed a deal where a substantial amount was written off by the bank - up to €100 million or more - and where part of that deal was a multi-million euro payout to the shareholders of the insolvent company?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Stephen Donnelly: Sorry for cutting across, but I am conscious of time. Is Mr. Boucher aware of any situation where a cash payment of several million euro has been made to shareholders when the bank had significant losses?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Stephen Donnelly: Thank you. I would like to move on to mortgage arrears. As Mr. Boucher knows, I have been consistently very critical of Bank of Ireland’s approach to mortgage arrears. We will go into the numbers in a minute but I want to talk about the tone. When I talk to people involved in helping borrowers, be they commercial, not-for-profit or statutory operators, or at least funded by the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Stephen Donnelly: That may be true but-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland (29 Apr 2015)

Stephen Donnelly: That is fine, but the statistics say nothing for the tone and the cause. They show the outcome. A perfectly reasonable response is that borrowers are signing on the dotted line because they are scared of Bank of Ireland in a way they are not scared of the other banks because they consistently see it operating in a much more aggressive manner. We do not know. That is the realm of...