Results 13,181-13,200 of 26,037 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)

Kieran O'Donnell: Chairman, may I make a final point? Ms Marian Kenny, 2 Gosworth Park, Castle Park Road, Dalkey, a customer of Permanent TSB has written to the committee, allowing us to use her details. Mr. Padraic Kissane would have written to Mr. Masding on 31 October 2017. Mr. John Mason would have replied to Mr. Kissane on 8 November 2017. Ms Kenny had an interest only mortgage of €550,000, and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)

Kieran O'Donnell: I thank the Chairman. Will Mr Masding explain how a person with an income of €80,000 was able to get a mortgage of €630,000? How were the terms of the original mortgage for €550,000 rewritten when the top-up was granted?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)

Kieran O'Donnell: Mr. Masding will appreciate that when the customers come to us they are experiencing extreme frustration. We are only a conduit.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)

Kieran O'Donnell: I thank the Chairman.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)

Kieran O'Donnell: I would say that Mr. Masding has it already, but I will give it to him.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)

Kieran O'Donnell: Ulster Bank, which is in the same position as KBC in delaying dealing with redress and compensation, put most of its customers back on the correct tracker rate in 2014, if my memory is correct. Why did KBC not do likewise? Why did it not do this much earlier? What was the earliest point at which the 3,000 customers were identified? Was it the end of December?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)

Kieran O'Donnell: How difficult is the physical process of putting people back on the correct tracker rate? Can the bank just say what the rate was and update them automatically using its software? I am referring to the rate, not redress or compensation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)

Kieran O'Donnell: That does not really answer my question. Why, at the end of December, could the bank not have put a time period aside early in the new year to put everyone back on the correct tracker rate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)

Kieran O'Donnell: Does Mr. Verbraeken believe this is the final number for KBC? Have there been further discussions with the Central Bank on the full cohort?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)

Kieran O'Donnell: How large does Mr. Verbraeken think those extra cases are?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)

Kieran O'Donnell: I have been informed by a constituent, a customer of KBC Bank, that when he took out his mortgage, he was given the option of having a fixed rate and then reverting to the prevailing variable rate and that he is currently unable to get a response from the bank on whether the prevailing variable rate at the time was a tracker mortgage or a standard variable rate.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)

Kieran O'Donnell: Am I correct that at the time when tracker mortgage rates were available, KBC Bank operated a fixed rate, a tracker mortgage rate and a variable standard rate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)

Kieran O'Donnell: I will revert to the individual concerned on whether he would like me to pursue the matter through the committee. I will also pass on the correspondence to Mr. Verbraeken.

Seanad: Commencement Matters: Insurance Industry (1 Feb 2018)

Kieran O'Donnell: I welcome the Minister of State, Deputy D'Arcy, who has responsibility for financial services and insurance. I wish to raise the issue of Setanta Insurance and Enterprise Insurance. It is now nearly four years since Setanta went into liquidation. It was regulated in Malta but, under the European passport, it was able to operate in Ireland. Many of my constituents in Limerick were motor...

Seanad: Commencement Matters: Insurance Industry (1 Feb 2018)

Kieran O'Donnell: I thank the Minister of State. The main issue, particularly in regard to third-party claimants, of whom there are approximately 1,500, is a timeline for payment. The Minister of State has indicated that he expects a legislative approach will be required and that amendment of legislation or new legislation will be needed. In terms of the payment by the State of the 35% - with the subsequent...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union Matters: Commissioner Valdis Dombrovskis (1 Feb 2018)

Kieran O'Donnell: I thank the Chairman and I will be brief. I just have one query on Brexit. Does Commissioner Dombrovskis feel that Brexit will be of benefit to the UK, the European Union or to Ireland? What is his view on the financial impact of Brexit?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union Matters: Commissioner Valdis Dombrovskis (1 Feb 2018)

Kieran O'Donnell: In that context, a former Taoiseach, John Bruton, who is probably known to the Commissioner, has recently stated that he feels the transitional period of two years may not be sufficient. Does Commissioner Dombrovskis have a view on that statement? I believe that under Article 50 it is possible to extend the time, if there is unanimity among the European Council members.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union Matters: Commissioner Valdis Dombrovskis (1 Feb 2018)

Kieran O'Donnell: If the UK does not see some common sense on the impact that Brexit will have and if Brexit proceeds, does the Commissioner see the relationship being in the form of the current Norwegian model? Norway currently has a financial model with the EU so could the UK have a similar relationship with the EU?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Kieran O'Donnell: I welcome Mr. Stanley and Ms Arnett. Like my colleagues, I think it is reprehensible that Mr. Mallon did not appear today. We have been pursuing Ulster Bank to come before the committee for many weeks. The bank did everything in its power to ensure that it did not. We have a body of work to do and now we find that the bank has arrived in without its CEO. This is not personal, it is just...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Kieran O'Donnell: The figure was 1,200 by the end of 2017.