Results 12,381-12,400 of 26,032 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank (4 Oct 2018)

Kieran O'Donnell: The Chairman can tell me if my questions have been answered. Has the Central Bank quantified the impact of a hard and a soft Brexit or a no deal Brexit on gross domestic product?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank (4 Oct 2018)

Kieran O'Donnell: Did we ask for specifics? I am looking for the numerical impact on growth, GDP, employment and consumer spending in those three scenarios.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank (4 Oct 2018)

Kieran O'Donnell: In other words, all scenarios - a hard, soft or no deal Brexit - will be negative for Ireland.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank (4 Oct 2018)

Kieran O'Donnell: When we met the European Central Bank, we discussed the issue of sustainable mortgages. When we defined a sustainable mortgage, we found that the ECB in Frankfurt had taken severe umbrage that all and sundry were blaming it for the need to sell non-performing loans to funds and deleverage at a rapid rate. It took it quite personally and was forthright in saying so. For the first time ever,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank (4 Oct 2018)

Kieran O'Donnell: The banks are putting that out in the ether, as it were, in a big way.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank (4 Oct 2018)

Kieran O'Donnell: Correct.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank (4 Oct 2018)

Kieran O'Donnell: The final issue we discussed was the Anglo promissory notes. Is the ECB in Frankfurt putting the Irish Central Bank under increasing pressure to unravel the Anglo promissory notes quicker than the schedule established at the time the restructuring took place?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank (4 Oct 2018)

Kieran O'Donnell: At what stage is that? Was the original figure approximately €27 billion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank (4 Oct 2018)

Kieran O'Donnell: That means that of the €27 billion, €16 billion has been sold. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank (4 Oct 2018)

Kieran O'Donnell: Was that over a three-year period?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank (4 Oct 2018)

Kieran O'Donnell: The impression at the time was that it could be spread over up to 40 years.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank (4 Oct 2018)

Kieran O'Donnell: We suddenly find this is now coming back within three years. The ECB told us that as Ireland refinanced its debt in terms of the IMF programme or any of the other bailout programmes, it would put pressure on the Irish Central Bank to, for want of a better term, tear up the promissory notes. It regarded it as quantitative easing but the ordinary taxpayer is still left with the burden of the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank (4 Oct 2018)

Kieran O'Donnell: It is fair to say the current construct that was set up is still costing less than where we are effectively financing it to third party Government debt.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank (4 Oct 2018)

Kieran O'Donnell: Will Professor Lane give me any financial reason the Irish Central Bank should speed up the disposal of the promissory notes?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank (4 Oct 2018)

Kieran O'Donnell: Based on the trajectory here, we have suddenly gone from this potentially spanning up to 40 years to this possibly being refinanced into third-party government debt within five years in total.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank (4 Oct 2018)

Kieran O'Donnell: Professor Lane is probably aware that we also visited the German Sparkasse bank to see its public banking model. My question is not on the Sparkasse model but on the public banking model. Does Mr. Sibley believe there is a need for an expanded public banking model in Ireland as an additional pillar to the mainstream banks? An Post and the credit unions have recently stated that they are...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank (4 Oct 2018)

Kieran O'Donnell: They will maintain their individual identity.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank (4 Oct 2018)

Kieran O'Donnell: I was referring to public banking rather than a State bank.

Seanad: Copyright and Other Intellectual Property Law Provisions Bill 2018: Second Stage (26 Sep 2018)

Kieran O'Donnell: I thank the Minister of State. We will follow with debate in the normal pattern. Group spokespersons will have eight minutes and all other Senators will have five minutes.

Seanad: Order of Business (25 Sep 2018)

Kieran O'Donnell: Members have referred to the recent announcement of winners in the Tidy Towns competition. In Limerick, we are proud five communities won bronze medals, Castleconnell, Limerick city centre, Newcastle West, Galbally and Ardpatrick. Adare and Garrienderk were also mentioned for county awards. Birdhill, the winner last year, performed extremely well in the gold medal category. J.P. McManus...