Results 11,081-11,100 of 26,021 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Kieran O'Donnell: If we extrapolate out from that, how much of residential real estate do the investment funds control?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Kieran O'Donnell: The main reason I ask is because we are seeing that at the moment. In the context of the figure for commercial residential real estate, is that dominated properties by Dublin?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Kieran O'Donnell: How much of that 35% relates to loans that were sold from the mainstream banks to investment vehicles?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Kieran O'Donnell: Has Ms Donnery quantified the loans that have been sold to investment funds from banks? What percentage of the real estate, both residential and commercial, do they control? Ms Donnery is saying that this is separate from the banks that have sold portfolios of loans-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Kieran O'Donnell: If she were to quantify the total number of the commercial and residential real estate under the control of investment funds in Ireland, be it where they have bought directly or loan portfolios, what percentage of that do they control? Mr. Sibley made reference to it in terms of the Central Bank having issues with the banks and that they could deal with the loans in different ways from...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Kieran O'Donnell: The matter was raised and I am following up on it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Kieran O'Donnell: My concern is simple. It is whether many of these funds that are purchasing mortgages are structured in a way that they can deal with the long-term requirements of the mortgage holders whose loans they purchased or if they are effectively asset disposal agencies in a different form. My concern is that they are 100% geared for this, as I said earlier. There is a stability aspect to that....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Kieran O'Donnell: Mr. Makhlouf, in his presentation, referred to plans regarding the development of a number of buffers regarding the capital of banks, particularly cushions against different types of risk, including an economic downturn. What is his view on the financial well-being of the mainstream banking system, that is, the pillar banks? How does he see the Irish, European and world economies developing...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Kieran O'Donnell: As of yesterday, there have been no changes to the mortgage rules. Not looking at the rights and wrongs of the matter or the Central Bank's independence, Mr. Makhlouf may have been aware that Deputy Micheál Martin said recently that if Fianna Fáil was in government, it would ensure that the Central Bank recognised rental payments to open up the mortgage market. How would Mr....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Kieran O'Donnell: I made a statement of fact.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Kieran O'Donnell: Is Mr. Makhlouf independent of Government? Where does he see his role?

Seanad: Prohibition of Nuclear Weapons Bill 2019: Second and Subsequent Stages (4 Dec 2019)

Kieran O'Donnell: I thank the Minister of State and call Senator Joe O'Reilly.

Seanad: Finance (Tax Appeals and Prospectus Regulation) Bill 2019: Committee and Remaining Stages (3 Dec 2019)

Kieran O'Donnell: I am a slight bit behind. I wanted to speak specifically to section 18 on the living city initiative. I realise we have agreed it. Could I be indulged?

Seanad: Finance (Tax Appeals and Prospectus Regulation) Bill 2019: Committee and Remaining Stages (3 Dec 2019)

Kieran O'Donnell: My apologies. What I was just told was both good news and bad news. The bad news is that I was not aware which Bill we were on but the good news is that I will be able to bring up what I need to when considering the Finance Bill 2019 next. I thank the Chairman for his indulgence.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: This is a healthy debate, but the context is that we are operating globally and we must compete at international level. It is all about intellectual property and people coming back here and bringing experience with them. In many of the multinational companies that have thrived here, and continue to thrive, the top management is now Irish. One of the reasons they have stayed here and...

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: As I have seen on many occasions, we have kept multinational companies in Ireland because the top managers are based here and many of them are Irish. An expansion has taken place. There must be an element of looking at the overall market in which we are competing and assessing whether having this range of measures ensures that we retain jobs and create more of them in a specific area. On...

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: This is probably what we should be doing. We probably do not have enough time to have a debate at this level.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: I am just making a general point. The Senator's point is out of context. This is not about creating a rate within Ireland; it is about creating something that will bring extra jobs into the Irish economy.It is about creating something that would bring additional jobs into the economy. It is a particular measure. It may not even be a long-term measure. I disagree with Senator Higgins's...

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: With respect, you are taking an ideological viewpoint.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: I wish to finish my point. The Senator is making the point that this is a tax-avoidance measure and that it should come in the form of income and be subject to income tax at the higher rate. I see this as a practical measure that allows companies operating in a very competitive environment to retain key staff members who may move to another company abroad or at home. This particular...