Results 13,361-13,380 of 26,208 for speaker:Kieran O'Donnell
- 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.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Kieran O'Donnell: How does that figure break down into redress and compensation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Kieran O'Donnell: So the figure is €23 million in total, is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Kieran O'Donnell: Is €18 million the figure for redress and €5 million the figure for compensation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Kieran O'Donnell: I mean no disrespect to Mr. Stanley, but he knew he was coming before the committee today. That figure relates to a question which was obviously going to be asked. I do not think it is reasonable for him to come in without having that figure to hand.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Kieran O'Donnell: There are 1,200 customers. The problem is that the money Ulster Bank is refunding to people is not the its money; it is the tracker mortgage holders' money.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Kieran O'Donnell: They should not have to beg for it. We have been consistent with all the banks. I have no doubt but that the witnesses have watched the committee's proceedings with great interest. We have sought the total amount that has been paid to date, which the witnesses have given, and a breakdown of that amount in numerical and value terms between compensation and redress. The witnesses have come...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Kieran O'Donnell: We have asked this consistently of all the banks that have come before us. It is a question the tracker victims and the public looking in are asking. They want to know what percentage is being paid in addition to the redress and compensation. Can Mr. Stanley give me an idea-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Kieran O'Donnell: Of the 3,500 customers the bank has identified, 1,200 represents 35%. It would be interesting to see what percentage it is paying-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Kieran O'Donnell: What is the highest amount the bank has paid?