Results 12,921-12,940 of 26,042 for speaker:Kieran O'Donnell

Seanad: Commencement Matters: Hospital Accommodation Provision (22 Mar 2018)

Kieran O'Donnell: I thank the Minister of State for her reply. University Hospital Limerick has submitted plans for 60 modular beds. These plans are, I think, with the HSE, which is in discussions with the Department of Health. For me, this matter is very simple. As a public representative in Limerick city, I know what people have had to endure in recent years due to a lack of bed capacity in the mid-west...

Seanad: Commencement Matters: Hospital Accommodation Provision (22 Mar 2018)

Kieran O'Donnell: I thank the Minister of State.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee (22 Mar 2018)

Kieran O'Donnell: Deputy Michael McGrath wishes to make a point.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee (22 Mar 2018)

Kieran O'Donnell: Are members in agreement with that? Agreed. We will suspend briefly to allow the witnesses come in.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

Kieran O'Donnell: I welcome Mr. Masding and his colleagues. Before we begin, I wish to advise the witnesses that by virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute privilege in respect of their evidence to the joint committee. However, if they are directed by it to cease giving evidence on a particular matter and continue to so do, they are entitled thereafter only...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

Kieran O'Donnell: We have to conclude by 11.30 a.m., Mr. Masding. It is critical that we get to the heart of the matter. Could you accommodate Deputy McGrath's suggestion by hitting the main points in an abridged fashion so that we can proceed with the questioning?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

Kieran O'Donnell: I want to take up a couple of points. What is the current status of Project Glas?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

Kieran O'Donnell: What does that mean?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

Kieran O'Donnell: How many potential investors have come forward to date?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

Kieran O'Donnell: How many of those are on site doing due diligence on the loan book?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

Kieran O'Donnell: It is desktop.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

Kieran O'Donnell: How many of those interested are Irish-based and how many are foreign investors?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

Kieran O'Donnell: Are they regulated in Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

Kieran O'Donnell: Are any of them regulated in the Irish market?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

Kieran O'Donnell: We are aware of that, although I do not believe they are being sufficiently regulated. I am asking if there are Irish institutions regulated by the Irish Central Bank who have shown an interest in purchasing this loan book?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

Kieran O'Donnell: Within the group, are any investors that are not based in Ireland but that are regulated here? Mr. Crowley said earlier that more than ten investors have shown an interest. Can we take it that there are some Irish regulated institutions showing interest?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

Kieran O'Donnell: But, Mr. Crowley is denying it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

Kieran O'Donnell: We are aware that we have a functioning banking system and we are aware that Permanent TSB needs to be properly capitalised, well structured and in a position to make money. Alongside that, we have people to whom Permanent TSB provided mortgages over the past ten to 15 years, many of whom have been to hell and back. I have dealt with some of them. We are trying to get to the heart of the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

Kieran O'Donnell: We are talking about the homes of families and individuals yet these people have no idea what is happening. Many of them are following these proceedings and they want to know if they are included. They are entitled to know what the process is. What is the next stage of the process?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)

Kieran O'Donnell: I want to know the process in terms of the Project Glas sale.