Results 11,801-11,820 of 26,037 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Kieran O'Donnell: Our guests were speaking about risk. We have invested €25 billion of taxpayers' money in the banks. That money is sitting there. That is a risk to the State and to taxpayers' money. In time, what impact will Brexit have? The banks' share prices have fallen in recent times as a result of Brexit. I have been following both the Irish and UK banks. I do not know how well they are...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Kieran O'Donnell: No, I am just saying-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Kieran O'Donnell: It is well in excess of €20 billion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Kieran O'Donnell: I am making a statement. How does the Governor see Brexit and everything that has happened impacting on the State's policy over time?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Kieran O'Donnell: In the context of trackers, the Central Bank states that its enforcement work is ongoing and that it is engaged in forensic investigation. Can our guests provide an update as to where the enforcement proceedings stand? How many institutions are involved and what is the timeframe for taking action?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Kieran O'Donnell: All the mainstream lenders in Ireland are involved.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Kieran O'Donnell: I am of the view that the credit unions should inhabit the public banking space. Has any collective approach been made by the credit union movement, the Irish League of Credit Unions, ILCU, and the Credit Union Development Association, CUDA, towards putting forward a plan to roll out a public banking model through the network?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Kieran O'Donnell: The Central Bank has the network and there is a need for competition in the market. The credit unions already inhabit the space in a number of areas and we do not need to reinvent the wheel to do this.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Kieran O'Donnell: The Governor stated that, in recent months, the bank had stepped up its work on mitigating the most material, cliff-edge risks of a hard Brexit. What does that mean?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Kieran O'Donnell: Has the Central Bank had engagement with the Bank of England? Is it satisfied that we are Brexit-ready in the financial services sector?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

Kieran O'Donnell: I welcome Mr. Crowley. Things have changed considerably in Banking and Payments Federation Ireland. One of Mr. Crowley's predecessors, Pat Farrell, was probably one of the best known people on the airwaves for a number of years because there were such issues. I was a member of the Joint Committee of Inquiry into the Banking Crisis. When it came down to it, it was all about risk. The...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

Kieran O'Donnell: Is Pepper a member of the federation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

Kieran O'Donnell: It is a Fintech model really.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

Kieran O'Donnell: What products will the bank offer?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

Kieran O'Donnell: Will the bank have an office in Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

Kieran O'Donnell: But not a branch network.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

Kieran O'Donnell: It will be online.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

Kieran O'Donnell: Is it correct that the federation's role is to represent the banks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

Kieran O'Donnell: Let us call a spade a spade. The federation's role is to represent the interests of the banks. Mr. Crowley has covered all of the technical stuff but I use the opportunity to ask the following: what is the federation's view on caps on salaries and bonuses in banks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

Kieran O'Donnell: Are the federation's members calling for the cap to be lifted and for bonuses? Are they asking the federation to make representations to allow caps to be lifted and bonuses to be reintroduced as the norm in the industry?