Results 11,301-11,320 of 26,032 for speaker:Kieran O'Donnell

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 can speak about the body of work but the bottom line is that the banks knew what they were doing. They were compensating their balance sheets because they were under severe pressure. They wanted to get profits. They found profits in any way they could. It was the role of the regulator to protect the interests of the consumer. The major investigation on this did not commence until...

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

Kieran O'Donnell: Yes.

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 have two more very quick questions. When did the Central Bank first become aware of the tracker mortgage scandal?

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 did the Central Bank first become aware, as the regulator, that a tracker mortgage scandal was under way across all of the mainstream 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 do not want to-----

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 do not want to labour the point. There was €693 million in compensation. This is nearly €700 million, almost three quarters of a billion euro. I had a very simple question. If the witnesses do not want to answer it, that is fine. When did the Central Bank, which was the financial regulator at the time, first become aware of the tracker mortgages scandal? When was it...

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 believe it is a reasonable question about when.

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

Kieran O'Donnell: That was ten years after the tracker mortgage scandal started. It was too long.

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 believe it is a legitimate question to ask. As the regulator, the Central Bank was the financial regulator at the time and it should have picked up on the tracker mortgage scandal way before that date.

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 put it to Ms McEvoy that based on what developed subsequently, this had been endemic for years, from 2004 onwards. The Central Bank as financial regulator should have picked up on it. I have some final questions because I am aware that colleagues want to contribute. The Central Bank spent 3,000 hours investigating. What was the cost of the investigation to the Central Bank? Will Ms...

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

Kieran O'Donnell: Is there a specific number of staff involved?

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

Kieran O'Donnell: What is the timeframe for the investigations?

Seanad: An tOrd Gnó - Order of Business (22 Oct 2019)

Kieran O'Donnell: I want to raise a breaking matter which is of great significance for people in both the Shannon and Limerick areas. Molex, a large employer that has been located in Shannon for over 48 years, announced today that it is looking to close its facility at the end of 2020, resulting in the loss of 500 jobs. This is of huge significance, particularly for the workers and their families. I am...

Seanad: Nithe i dtosach suíonna - Commencement Matters: Hospital Overcrowding (9 Oct 2019)

Kieran O'Donnell: The Cathaoirleach is fair and equitable in his role. I welcome the Minister of State, Deputy Jim Daly, to the House. On a personal note, I wish him well. Politics is a tough game and I very much respect what he is doing. I put on record that he has a phenomenal body of work to his name. I wish him well for the future and he might return at some point. This matter concerns overcrowding at...

Seanad: Nithe i dtosach suíonna - Commencement Matters: Hospital Overcrowding (9 Oct 2019)

Kieran O'Donnell: I thank the Minister of State for the response. We need to see a specific radical action plan and I will hold the Minister, Deputy Harris, and the Minister of State to the commitment made at the Oireachtas health committee last week. They asked for two weeks and I will give that but it should take no longer. We need immediate action on the MRI scanner and I expect to see results on that...

Seanad: An tOrd Gnó - Order of Business (9 Oct 2019)

Kieran O'Donnell: I want to return to an issue I raised in the House a short time ago, namely, Lyric FM. This is in the context of RTÉ, the paintings and so forth. Lyric FM is very important, both as a national broadcaster in terms of culture and music, but more particularly because it has been based in Limerick for over 20 years.People have families there and Lyric FM is part of the cultural identity...

Seanad: An tOrd Gnó - Order of Business (9 Oct 2019)

Kieran O'Donnell: Furthermore, our regional studios are based in the same building as Lyric FM. We speak about RTÉ devolving and decentralising to the regions. We want both Lyric FM and the regional studios to remain in Limerick. It is ironic that our current President was the Minister for Arts, Culture and the Gaeltacht who signed the letter to establish Lyric FM. It is unacceptable that there is...

Seanad: An tOrd Gnó - Order of Business (9 Oct 2019)

Kieran O'Donnell: Did he know what he was seconding?

Seanad: Budget 2020: Statements (8 Oct 2019)

Kieran O'Donnell: How much time does Senator Horkan have?

Seanad: Budget 2020: Statements (8 Oct 2019)

Kieran O'Donnell: I welcome the Minister of State to the House. He is just as much a frequenter here as a Minister of State as he was when he was a Senator. Listening to the delivery of the Budget Statement this morning by the Minister for Finance and the contributions here, I note Brexit looms large. The projected growth rates were about 3% in normal times. These have been scaled back to 0.7% because of...