Results 12,801-12,820 of 26,042 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: Which institution is involved?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: How many of the 11 institutions involved have completed their redress and compensation schemes?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: Can Ms Rowland name those three institutions?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: Can I take it that the 1,500 cases about which we are speaking relate to one of the mainstream banks?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: I have a fair idea which institution is involved. It was reported this morning that Ulster Bank has been fined US$4.9 billion in respect of the mortgage scandal in the US. In light of the fact that Ulster Bank in Ireland has sold many of its mortgages to funds and given the Central Bank is taking enforcement proceedings against this bank, would the witnesses like to comment?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: They are all part of the same group.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: Does this in any way have implications for Central Bank's investigations into Ulster Bank in Ireland, which is part of the RBS Group?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: The Central Bank is currently taking enforcement proceedings against Permanent TSB, Ulster Bank, Bank of Ireland, KBC Bank, Allied Irish Bank, AIB, and the Educational Building Society, EBS. These are six of the lenders involved in the tracker scandal. Are other enforcement proceedings anticipated and, as of today, what level of fines have been imposed on the financial institutions around...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: I thank Ms Rowland. When is it anticipated the enforcement proceedings will be concluded and will, or has, any of these proceedings been referred to An Garda Síochána?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: There are 31,700 cases in total. It is expected that this figure is materially accurate. There are 3,400 cases yet to be dealt with, of which 1,500 are unverified. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: As of today, how many cases, inclusive of the 1,500 mentioned, have yet to be concluded for redress and compensation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: What number of cases remain to be addressed?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: In how many cases has redress and compensation yet to be paid?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: As we speak, what is that number?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: Twelve per cent is approximately 4,500.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: Am I correct that there are approximately 4,500 cases yet to be addressed and compensated, 1,500 of which are yet to be verified?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: I would like to move on now to the issues of non-performing loans and overheating of the economy. How does Professor Lane define an overheating economy?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: With due respect, we found out after the fact at the end of 2008 when the lid blew off the kettle.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: The overheating in the economy before the crash was caused by property. Will Professor Lane address the issue in that context?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)
Kieran O'Donnell: Does Professor Lane not have any concerns about escalating house prices? Young families in some places outside Dublin must pay almost €300,000 for starter homes. This is unaffordable for ordinary people seeking to purchase a home.