Results 11,801-11,820 of 26,208 for speaker:Kieran O'Donnell
- Seanad: Residential Tenancies (Amendment) (No. 2) Bill 2018: Second Stage (14 May 2019)
Kieran O'Donnell: Group spokespersons will speak first.
- Seanad: Residential Tenancies (Amendment) (No. 2) Bill 2018: Second Stage (14 May 2019)
Kieran O'Donnell: We will get a definitive response.
- Seanad: Residential Tenancies (Amendment) (No. 2) Bill 2018: Second Stage (14 May 2019)
Kieran O'Donnell: I chaired the start of this debate and I have been watching it on the monitor for the past hour and a half. I value the debate hugely as this is a huge issue on the ground. I would not want anybody to believe people are not interested. I spent many years in self-employed practice and landlords were my clients. As a public representative, I deal with tenants and landlords and a couple of...
- Seanad: Residential Tenancies (Amendment) (No. 2) Bill 2018: Second Stage (14 May 2019)
Kieran O'Donnell: When a tenant moves on from a property that falls within a rent pressure zone, the rent that the landlord charges the new tenant must be based on the rent charged to the outgoing tenant. Should such a landlord be entitled to charge the new tenant a reasonable market rent? In many cases, landlords in rent pressure zones hiked up their rents in a way that inadvertently drove up the overall...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
Kieran O'Donnell: I welcome all three witnesses and in particular, wish Ms Howard every success in her recent appointment. I want to touch on one item that has already been discussed, namely, non-performing loans. I want to get a few benchmarks. Ulster Bank is at 10% at the moment. Has it given a figure as to which percentage it is looking to get to?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
Kieran O'Donnell: Is the ECB putting direct pressure on Ulster Bank to get the number of non-performing loans as a percentage down? Has the ECB put a timeline on it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
Kieran O'Donnell: What is Ulster Bank's internal timeframe in terms of getting it down to the European average, which is just below 5%?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
Kieran O'Donnell: Is Ms Howard saying that at the end of 2018 or shortly thereafter, Ulster Bank made a submission to the ECB or the Central Bank here as to what its plan over the next 12 months is regarding dealing with non-performing loans?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
Kieran O'Donnell: When would that have gone in?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
Kieran O'Donnell: Within that, what has Ulster Bank put forward for the current year?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
Kieran O'Donnell: 2020.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
Kieran O'Donnell: I accept that. We are dealing with people on a daily basis. Their main concern is that their loans have been sold on to vulture funds or else they fear their loans may be sold on. We understand the long-term solutions. In respect of the proposal submitted to the ECB and the Central Bank, has Ulster Bank identified an element that will involve the sale of non-performing loans to funds?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
Kieran O'Donnell: When will Ulster Bank know this?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
Kieran O'Donnell: If Ulster Bank is going from 10% to 5%, has it quantified the number of loans involved?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
Kieran O'Donnell: I do not want Mr. Stanley to repeat-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
Kieran O'Donnell: Has Ulster Bank identified how much of that €1 billion will involve sales to vulture funds?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
Kieran O'Donnell: Is the figure €500 million?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
Kieran O'Donnell: Summer. That is all I need to know. My next point concerns Brexit. Ulster Bank is unique in an Irish setting in that it is one of the four large pillar banks but effectively has a presence in Great Britain, Northern Ireland and the Republic of Ireland. We are looking at Ulster Bank in the Republic of Ireland. Ulster Bank in Northern Ireland is a separate entity and both are subsidiaries...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
Kieran O'Donnell: What I am more interested in is whether there are any circumstances in which Ulster Bank would become a stand-alone bank from RBS? Are there any situations that could arise in terms of the way Brexit unfolds that would lead to Ulster Bank in the Republic of Ireland becoming a stand-alone bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)
Kieran O'Donnell: I accept that but it is a 100% subsidiary of RBS.