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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 Mr. Dorgan elaborate on the finance dimension of the proposal?

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 could be structured in a way that the cost of the due diligence would be met from the value of the artefacts or unclaimed deposits. It could be self-financing.

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: Yes.

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 accept that.

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 extraordinary that we have invested heavily in the banks and there are effectively dormant accounts by a different name within the vaults of those banks. I would have thought the Department could request or encourage the banks to undertake due diligence of such vaults. If there is nothing therein of substance, so be it, but if assets are found that could be used for the public good...

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 any possibility of the Department engaging with the banks to encourage them to do this work in the public interest? We have all heard the banks speak about a social dividend.

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 Mr. Dorgan of the view that legislation is needed?

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: Could the dormant accounts legislation be amended to provide for an initial trawl by 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: Is that the route the Department would have to go?

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 not something that can be left in abeyance. We must see what-----

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: Pursuing it.

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 thank the witnesses.

Seanad: An tOrd Gnó - Order of Business (7 Mar 2019)

Kieran O'Donnell: Senator Leyden may be leaving the Chamber at this minute but I must say that he is eminently qualified to be appointed as curator of all of the artefacts that are in the vaults of the banks. He would bring a breadth of experience to the role. It would be research in terms of the whole area of living wills.

Seanad: An tOrd Gnó - Order of Business (7 Mar 2019)

Kieran O'Donnell: I want to take up the point made by Senator Marshall and follow on from what was said by Senator Feighan. We have reached a point, particularly down here, where we need to get a full understanding of the North of Ireland, which we can only get from the people who have experienced same. I very much support Senator Marshall's suggestion that we invite people, particularly women, to come in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Children's Hospital: Discussion with Department of Public Expenditure and Reform (7 Mar 2019)

Kieran O'Donnell: I will take a slightly different perspective. We have concentrated a lot of the time between August 2018 and when it was approved in December. I want to go back before that as that is only a manifestation of the problems that arose well before then. I want to examine the sequence. I first refer to the derogation. When did the application for the derogation come in, that there would be...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Children's Hospital: Discussion with Department of Public Expenditure and Reform (7 Mar 2019)

Kieran O'Donnell: When was that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Children's Hospital: Discussion with Department of Public Expenditure and Reform (7 Mar 2019)

Kieran O'Donnell: Who was on that committee? Who was chairing it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Children's Hospital: Discussion with Department of Public Expenditure and Reform (7 Mar 2019)

Kieran O'Donnell: When was that, roughly?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Children's Hospital: Discussion with Department of Public Expenditure and Reform (7 Mar 2019)

Kieran O'Donnell: What does GCCC stand for?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Children's Hospital: Discussion with Department of Public Expenditure and Reform (7 Mar 2019)

Kieran O'Donnell: Who is the chair?

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