Results 11,801-11,820 of 26,032 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: 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?

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 there anything that should be done to attract more traditional players to the Irish market to provide banking competition?

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: As we stand on the cusp of yet another vote in Westminster, is Brexit providing, ironically, opportunities for Ireland to attract UK-based banks? Is the federation getting many inquiries in that regard?

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: That is where there is light-touch regulation.

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 the officials. Mr. Tobin quoted Christine Lagarde, and I have no doubt that many of us will ourselves use the quote about the two Vs and the two Cs hereafter. He referred to people doing things when no one is watching and I made the comment that it was like light-touch regulation. Given that the subject is within the remit of the Department, how would the officials categorise 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: We did a great deal of probing and work in that area. To provide value for money for the public, we did work on tracker mortgages that contributed enormously to highlighting the problem and speeding up the process. I wonder if the speed of activity would have been as pronounced if we had not carried out significant due diligence in the area. Although I take the point that when the...