Results 12,741-12,760 of 26,032 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: Who is regulating the vulture funds?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: Can the witness define "unregulated"? Does that mean that a company can float around in the financial services market while being accountable to nobody?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: These companies are purchasing home loans owned by the people we represent, as Mr. Burgess stated earlier. Politicians and financial advisers have different roles. Our role is to represent ordinary people. Last week, I was approached by a lady who has an EBS mortgage. She is separated and fits the criteria Mr. Hall mentioned. She is absolutely petrified. A representative from EBS called...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: We must get the human aspect of this across. The witness said we are not asking enough technical questions. Ordinary people have no knowledge of this. Dr. O'Hagan-Luff said that some vulture funds are unregulated.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: Is it the case that, for all intents and purposes, they are accountable to nobody?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: They are accountable to no public body or regulatory body.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: Could the Central Bank, if it wished, regulate these funds? Is there a legal mechanism whereby these funds could be regulated now?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: Would that be retrospective? The existing funds-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: No, I am asking whether any changes to the funds would apply to loans purchased already.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: What is the way it has made it work? What has it done?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: It is doing it through a regulated entity. That is to be welcomed.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: That is okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: That is to be welcomed.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: Okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: To Cerberus.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: Do we have-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: In the opinion of Mr. Hall, do we have a situation here whereby what is being reported in the press may not actually be the position?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: It bought-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: It bought the assets of the entity, which were loans, rather than the entity itself.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: The committee might clarify this.