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Seanad: Nithe i dtosach suíonna - Commencement Matters: Planning Guidelines (6 Nov 2019)

Kieran O'Donnell: That is correct.

Seanad: Nithe i dtosach suíonna - Commencement Matters: Planning Guidelines (6 Nov 2019)

Kieran O'Donnell: I thank the Minister. I look forward to welcoming him to Castletroy. My perspective on this matter is straightforward: we need to increase density in city centres and we need to have a mix. The problem is that it must be sustainable. Many planning applications that are submitted involve a combination of apartments and terraced townhouses but the local authorities are pushing on density...

Seanad: An tOrd Gnó - Order of Business (6 Nov 2019)

Kieran O'Donnell: I was not here yesterday for the expressions of sympathy on the death of Gay Byrne. I watched the special programme late last night and the one thing that came across, and it is a lesson for all politicians, was that his greatest skill was that he listened. He let people talk. I pay tribute to him. He was the greatest broadcaster of his generation by a mile but his main skill was that he...

Seanad: Report of Seanad Public Consultation Committee: Statements (6 Nov 2019)

Kieran O'Donnell: I welcome this report. It is the second time we have discussed it in the House. I want to speak from a personal perspective. Senator Ó Céidigh made reference to being self-employed. I established myself as a self-employed chartered accountant many years ago and was self-employed for about 12 years before I went into politics. SMEs, in particular startups, were my bread and...

Seanad: Report of Seanad Public Consultation Committee: Statements (6 Nov 2019)

Kieran O'Donnell: Senator Boyhan is from County Dublin.

Seanad: Report of Seanad Public Consultation Committee: Statements (6 Nov 2019)

Kieran O'Donnell: He is having sleepless nights.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Kieran O'Donnell: Anyone looking in will be astounded that the numbers that were eventually brought in under the trackers were double those with which the banks came forward initially. It went from 20,000 to 40,000, which is shocking. It was a cover-up by the banks. How would Ms Rowland define the type of regulation that the Central Bank engages in now with the banks? Does she regard it as light-touch in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Kieran O'Donnell: No, the type of regulation the Central Bank is doing. Does Ms Rowland regard it as light-touch regulation or how would she describe it? I was a member of the banking inquiry and certainly during the Celtic tiger years the term was "light-touch regulation". How would Ms Rowland define the type of regulation that the Central Bank now has over the banks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Kieran O'Donnell: I am sorry, I have limited time. The Central Bank did not regulate the banks correctly during the Celtic tiger era and part of the problem was light-touch regulation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Kieran O'Donnell: The Central Bank has done an immense body of work but it was not too long ago that it was before this committee. Certainly, I would have thought the Central Bank was slow in coming to the table in terms of moving on the issue of tracker mortgages. Once it commenced, it did a considerable amount of work but it was certainly slow in terms of really engaging in depth on tracker mortgages. We...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Kieran O'Donnell: In summary, would Ms McEvoy regard it as light-touch regulation any more?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Kieran O'Donnell: Going back, why was the tracker mortgage scandal not picked up earlier by the Central Bank if it was going on for all of those years and if the Central Bank was charged with regulating the banks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Kieran O'Donnell: I am sorry but-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Kieran O'Donnell: With due respect to Ms Rowland, the tracker-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Kieran O'Donnell: We only started on that when the tracker mortgage issue came to light in 2015, but the tracker mortgage scandal had been going on for years before that. I am not a regulator but we had ordinary people coming to us. I acknowledge the work the Central Bank has done but I have been a Member of these Houses since 2007. I was here on the night the bank guarantee was brought in. We dealt with...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Kieran O'Donnell: I just want the year. What was the year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Kieran O'Donnell: In what year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Kieran O'Donnell: Roughly.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Kieran O'Donnell: The question I am asking, which is a very legitimate question, if this was going on for all of those years - over a ten-year period to 2015 when it came to light here - why did the Central Bank not pick it up? The banks knew they were doing it and the regulator was regulating the banks, so why was it not picked up by the Central Bank in its regulation of the individual banks? At this stage...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)

Kieran O'Donnell: I am not denying that. I am making the point that-----

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