Results 13,361-13,380 of 26,043 for speaker:Kieran O'Donnell
- Seanad: Order of Business (17 Jan 2018)
Kieran O'Donnell: Like my colleagues, I wish everyone well in the new year. I also join everyone else in congratulating the Leader, Senator Buttimer, on his recent marriage and in wishing him well. I want to raise a specific issue. There have been quite a number of debates on health. I wish to refer to the city where I reside, Limerick. People speak about issues relating to management and systems. The...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)
Kieran O'Donnell: I welcome the Minister and his colleagues. In the context of when the banks came before him - perhaps this has been reported, why is Ulster Bank so far behind the line? KBC is a much smaller institution. Why is Ulster Bank so far behind the line in terms of the timeframe and dealing with the tracker mortgage issue?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)
Kieran O'Donnell: My main reason for making that observation is that, with the exception of KBC, the other institutions appear to be trying to rectify the matter much more quickly than Ulster Bank. Ulster Bank appears to be a long way behind. Regardless of whether someone is a customer of Ulster Bank, AIB, Bank of Ireland or any of the other institutions, he or she should not have to wait so long....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)
Kieran O'Donnell: As such, will these directors be there purely on the basis of the State holding shares in the respective institutions?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)
Kieran O'Donnell: Will their role differ from that of public interest directors?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)
Kieran O'Donnell: The Minister made a very interesting observation on the interest charged by the banks. He made reference to non-performing loans. It is a new observation in our dealings with the banks. I have two questions. When the banks reach the point at which they have dealt with the non-performing loans, how much difference will that make to the interest they charge relative to European norms?...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)
Kieran O'Donnell: We welcome the great work the Minister has done in meeting the banks in respect of the tracker mortgages issue. How does the Minister regard the current financial state of the institutions in which we are invested?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)
Kieran O'Donnell: Representatives of AIB came before the committee before Christmas. The CEO of AIB expressed the view that selling the State's stake in AIB should be considered. I read the interviews the Minister gave over Christmas. What is the Minister's strategy for the State to divest itself, over a period, of its share in various institutions? Does he have a view or a strategy? As much as anything...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)
Kieran O'Donnell: I thank the Minister.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)
Kieran O'Donnell: I had a case before Christmas involving one of the mainstream banks. I do not want to get into it in detail but this was a young lady with a young family who rang me at approximately 6.30 p.m. a week or so before Christmas. An individual had called on behalf of the bank to serve papers on her, and to say she was petrified would be an understatement. I put her straight onto someone who is...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: I welcome Mr. Byrne and Ms Dooley. We are here today to discuss the Paradise Papers. I want to deal with that. Mr. Byrne's presentation was very short. I have no doubt brevity is the soul of wit but his presentation was particularly concise. What we have read in the media is a lot more expansive. Mr. Byrne mentioned that £2.458 billion was the amount in 2008. What was the peak?...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: It is a key element in understanding the story. Our job here is to ask the questions. What we were reading in the papers is that from 1977 to 1981, which coincided with when the DIRT accounts were coming in for ordinary deposit holders, many of whom I dealt with when I was in practice, a lot of the money was put into non-residential accounts by AIB and other banks. A lot of them dated back...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: We are obliged, as public representatives, to ask about both periods.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: We have to get the complete story, which means the early chapters as well as the later ones.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: There was tax evasion.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: Surely as CEO of AIB, Mr. Byrne has access to material that shows whether tax evasion took place or not through the use of offshore accounts. We have ordinary people coming to us, who earn just above the average industrial wage, and they are paying nearly 50 cent on the euro in tax. They see something that was going on for many years and they are asking how and why it happened and are...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: I am assuming it is "was".
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: In more recent times, there has been the Panama Papers and what has been published about that. We are relying on what is in the media. Appleby solicitors, which acted as an agent for AIB in the Isle of Man and Jersey-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: There was a court order from the Revenue Commissioners in 2015 which AIB did not accede to. Is Mr. Byrne familiar with that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)
Kieran O'Donnell: Will Mr. Byrne elaborate on that?