Results 12,981-13,000 of 26,208 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: 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.
- 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 believes there is an affordability crisis.
- 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 should it 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: There is a material risk of a reversal in house prices.
- 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: Affordability is a significant issue. What needs to be done to ensure houses are affordable for first-time buyers and ordinary people?
- 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 is Professor Lane's view? As the Governor of the Central Bank, he is the guardian of the economy and I want him to outline his professional opinion on the policies and measures required to ensure my children and other young people can afford to purchase a home.
- 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 few brief questions. To follow up on the regulation of both the service agents in the country and the funds, from my perspective, the name "funds" is a bit of a misnomer for many of these funds. They borrow from funds in American and they then invest in the Irish market. They are not funds; they are basically loan sharks, which are 100% geared. They come into the Irish 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: I would say that is quite recent.
- 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: When did the Central Bank start the on-site regulation?
- 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: February. They are here for a lot longer than that, with due respect to the Governor.
- 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: It is a question of stability in 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: 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.