Results 13,261-13,280 of 26,208 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)
Kieran O'Donnell: That was where the margins were.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)
Kieran O'Donnell: To get back to practicalities, Danske Bank is gone. Where is the loan book it would have had where individuals would have been on trackers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)
Kieran O'Donnell: In terms of getting compensation for customers-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)
Kieran O'Donnell: However, Danske Bank as an institution is no longer in Ireland.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)
Kieran O'Donnell: Has anybody who was a Danske Bank customer come forward to Mr. Kissane in his professional capacity? Has anybody come forward on the tracker issue where the person's loan would have started with Danske Bank or National Irish Bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)
Kieran O'Donnell: How is Mr. Kissane dealing with them on a practical level?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)
Kieran O'Donnell: Is Mr. Kissane interacting with it on the cases?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)
Kieran O'Donnell: Was that recently?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)
Kieran O'Donnell: Chairman, Mr. Kissane is an expert on this area so for the sake of complete coverage we might issue a letter to Danske Bank as well with regard to the issues he has highlighted.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)
Kieran O'Donnell: Yes. We are duty bound to do so, given what Mr. Kissane is telling us. He deals with people on a daily basis. There is a danger that we are going to reach major fatigue on the tracker issue. The banks are trying to turn this into a marathon.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)
Kieran O'Donnell: Chairman, I will summarise what I get from today's discussion. Mr. Kissane has now highlighted to us that there is a large cohort of up to 5,000 customers, 4,000 of whom are with either EBS or First Active. I believe we have to pursue this matter as a committee. It is a significant proportion. We are talking about 36,000 customers at the moment and maybe another 10% on top of that. That...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)
Kieran O'Donnell: Expand.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)
Kieran O'Donnell: Thank you, Chairman. I thank Mr. Kissane.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)
Kieran O'Donnell: Is Mr. Kissane saying that if somebody is on a tracker and is unable to make capital payments, the bank can force him off the tracker under Central Bank rules and put him on a variable rate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)
Kieran O'Donnell: How long is that in place?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)
Kieran O'Donnell: Is that informing the review of the tracker cohort at the moment?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)
Kieran O'Donnell: Why is it not?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Mr. Padraic Kissane (8 Mar 2018)
Kieran O'Donnell: In light of the funding and financial model of the banks, when the banks were considering providing trackers, were they justifying their activity on the basis that they would be getting capital back in addition to interest after the interest-only period?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU Finances Post-2020: European Commissioner for Budget and Human Resources (6 Mar 2018)
Kieran O'Donnell: I hope I am not asking questions that were asked already. Does the Commissioner see any upside to Brexit? Is there any way in which Brexit could be of benefit to Ireland and Europe? I do not believe there is any upside. What type of empirical work has the Commission completed in respect of the impact of a soft Brexit versus a hard Brexit for individual countries? That would inform the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU Finances Post-2020: European Commissioner for Budget and Human Resources (6 Mar 2018)
Kieran O'Donnell: The Commissioner will be very welcome back with good news.