Results 12,821-12,840 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 of Ireland (10 May 2018)

Kieran O'Donnell: How?

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: Do they have too much control over the property market at present? As for their control over the rental market, it initially was assumed the funds would just be asset disposal agencies. What happened is that they came in suddenly, bought property and loans for half nothing and suddenly realised they were sitting on a goldmine. They are holding on to the property. I see too much of this on...

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 the Governor accept that many of these bodies are nothing more than highly geared institutions that are borrowing from funds themselves? They are operating with borrowings themselves. They are not funds; they are highly geared.

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 get a commitment that the Central Bank will seek to ensure that the service providers will stop making returns in terms of the restructurings put in place? I would have believed the legislation was in place to allow the Central Bank to make that request.

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 contend that, up to now, the Central Bank was not using the full powers at its disposal to regulate these service providers. I am glad the Central Bank is doing this now. I very much look forward to receiving the information it can bring back.

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 will move on. The Governor referred to market price reversal and a material risk that there could be a fall in property prices over the next two or three years. What price increases or decreases are built into the Central Bank's economic projections for the next two or three years? What is the percentage?

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: Is that a 15% increase?

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 does the Governor reconcile that with the fact that, over the previous 12 months, we have seen double-digit growth in the price of houses, in the order of 11% or 12%?

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 two questions on that. Does the Governor believe there are early signs that the housing market is overheating? By how much would property prices have to increase before the Governor would be concerned that the property market is overheating and that we are moving into territory that might see a reversal in the price of houses?

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: No. The Governor has said the rate of increase in the price of houses over the next three years will be 5% per annum. At what rate would the Governor be concerned that the property market is overheating? Are we seeing early signs of that as we speak?

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 level of house price increase would cause concern for Professor Lane, as Governor of the Central Bank, and suggest that we are moving into overheating of the property market?

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: Professor Lane would have a worry about that and it would set off alarm bells. 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: My final question is on Brexit. What is the view of the Governor on Brexit and where it is at? What are the implications for the Irish economy on the financial, economic and social sides? What is Professor Lane's view as Governor of the Central Bank?

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: For every 3% slowdown, the effect is 1% for us. 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: Bypassing.

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 Governor is hardly giving advice to his staff.

Seanad: Report on Credit Union Sector: Statements (9 May 2018)

Kieran O'Donnell: I welcome the Minister of State, Deputy D'Arcy, to the House. He is a good friend to the Seanad and he is doing a good job as a Minister of State. Credit unions are hugely important at rural, urban and city levels. As an accountant, I had my own practice for many years. I had a range of clients, many of whom, having been refused credit facilities by the local banks were able to get a loan...

Seanad: Criminal Justice (Corruption Offences) Bill 2017: Second Stage (8 May 2018)

Kieran O'Donnell: I will try to follow Senator Norris. The main reason I wish to speak on this Bill is to say that no one should be above the law, whether for stealing an item from a shop or for white-collar crime. There is a perception among the public that white-collar crime is not something for which people can be sent to jail or held accountable but this legislation will do that and it needs to be...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: State Claims Agency: Discussion (8 May 2018)

Kieran O'Donnell: I welcome Mr. Breen and Ms Foley to the committee. Vicky Phelan is a neighbour of mine. I know the type of person she is and what she has gone through. The briefing note given to the Minister for Health, Deputy Harris, on 16 April states the State Claims Agency had advised it believed the issue of non-disclosure would fall or be dismissed and, therefore, there was no exposure for the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: State Claims Agency: Discussion (8 May 2018)

Kieran O'Donnell: With due respect, this is about life or death. When it became known that there was an incorrect reading of a smear test in 2014 and which was not given to Ms Phelan until 2017, three years later, surely at best it was gross incompetence. Mr. Breen is speaking about the whole issue of intent. Surely, as the officer charged with legally advising the HSE, Mr. Breen should have said on the...