Results 13,241-13,260 of 26,357 for speaker:Kieran O'Donnell
- 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.
- 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: Mr. Crowley mentioned that the process is currently at exploratory stage and that due diligence is under way. What happens after that?
- 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: Is there a deadline for expressions of 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: What is the 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: Is there a 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: What is the indicative timeline for them to come back to the bank?