Results 13,741-13,760 of 26,043 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Kieran O'Donnell: When the group speaks about being able to borrow money from the ECB, in reality it borrows very little money, if any, from the ECB.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Kieran O'Donnell: It is a benchmark. What would the banks pay deposit holders at the moment? Is it 0%?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Kieran O'Donnell: Is there a credit union model in Germany?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Kieran O'Donnell: How does their type of business differ from the Sparkassen?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Kieran O'Donnell: What does Mr. Bergmann regard as a critical mass population in an area for a Sparkasse to be able to function?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Kieran O'Donnell: In reality we are really talking about five or six in total.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Kieran O'Donnell: Eight in total. The structure would be the same. They would be established maybe using the local authorities. On the initial funding to establish it, Germany's model would be slightly different. Capital would have to be found because capital ratios need to be met for the Central Bank. How much does Mr. Bergmann anticipate it would take to establish the initial capital input to set up one...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Kieran O'Donnell: Does that include the start-up costs?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Kieran O'Donnell: In Mr. Bergmann's view would such an institution be able to borrow directly from the ECB?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Kieran O'Donnell: At what the rate can Sparkassen borrow from the EIB?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Kieran O'Donnell: Can Mr. Bergmann give a rough indication or an average cost?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Kieran O'Donnell: What interest margin would the bank in Ireland have to charge on top for it to be viable?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Kieran O'Donnell: I will put it in context. Mr. Bergmann probably saw the earlier session of the committee. Under our Chairman this committee currently has a review going on in the Central Bank around tracker mortgages across virtually all the banking institutions in Ireland. Central Bank representatives will appear before this committee next week. The matter concerns the rates that customers were put onto...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Kieran O'Donnell: I do not wish to put Mr. Bergmann on the spot, but as an objective observer does he believe that mortgages for home loans in Ireland at the moment are overpriced?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Kieran O'Donnell: If the Sparkassen model was allowed by the Central Bank to set up an institution in an area with a critical mass of population, for example in the mid-west where I come from and where Deputy Kelly comes from----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Kieran O'Donnell: -----with the capital being Limerick, we would have that critical mass of population. Obviously, if it was located in the capital of that mid-west region in Limerick-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Kieran O'Donnell: Our region would fit that model. We have a thriving industrial base but we have a small to medium enterprise sector, SME, that cannot get access to finance and home mortgages. At what rate does Mr. Bergmann believe the institution could charge for home loans and SME loans and still be viable?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Kieran O'Donnell: The Sparkassen ten-year fixed rate for home loans is approximately 1.1% at present. What is the rate for a typical SME loan for someone looking to get a working capital or stocking loan of €40,000 or looking to build a plant for €120,000? Typically, a working loan might be a one-year stocking loan or an overdraft facility over a year. Typically here, a building capital loan...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland (12 Oct 2017)

Kieran O'Donnell: What about a current account stocking loan? It is 3% for a capital loan for a building. What would someone in the farming sector seeking an overdraft facility be charged?

Seanad: Commencement Matters: Flood Risk Management (11 Oct 2017)

Kieran O'Donnell: I thank the Minister of State, Deputy Kevin Boxer Moran, for facilitating this debate, which is very important in the context of Limerick. I refer to the catchment flood risk assessment and management, CFRAM study which, in layman's terms, produces flood risk management plans for specific areas in Ireland. In 2009, and more recently, there was severe flooding in the same locations. I refer...