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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Kieran O'Donnell: I have a number of very brief questions. To clarify, of the 11 institutions, how many is the Central Bank satisfied with at this stage in respect of the redress and compensation proposals put forward?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Kieran O'Donnell: That is fine.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Kieran O'Donnell: That makes six.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Kieran O'Donnell: That is outside the two that are under-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Kieran O'Donnell: Regarding the substance of what is being offered in terms of money, redress and compensation, can the Central Bank say it is either satisfied or not in disagreement with the proposals being put forward by the various institutions?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Kieran O'Donnell: The point I am making is that, as of now, there is no reason for the schemes proposed by the banks not to be in operation or for payments not to start to be paid before the end of the year.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Kieran O'Donnell: I have one final question. Professor Lane spoke about 719,000 mortgages being in the original scope for tracker mortgages and said the Central Bank zeroed in on 112,000. What are those 112,000 cases?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Kieran O'Donnell: Is it not fair to say that 13,000 is approximately 12% of that figure, which seems a very low proportion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Kieran O'Donnell: Does Professor Lane accept that it is very low?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Kieran O'Donnell: There was an explosion of trackers in the 2000s, many of which would still have been live in 2008 and 2009. Does one in eight trackers being affected not strike Professor Lane as a very low proportion? Is 13,000 not a low figure? Is it not the case that substantially more will be impacted?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Kieran O'Donnell: I did not say that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)

Kieran O'Donnell: Professor Lane agrees it will probably be substantially more than 13,000.

Seanad: Order of Business (18 Oct 2017)

Kieran O'Donnell: Name the person you want-----

Seanad: Order of Business (18 Oct 2017)

Kieran O'Donnell: I wish to raise the fallout of Hurricane Ophelia and insurance for people. The media have suggested that house and car premiums may go up for ordinary citizens. Insurance companies cannot use Hurricane Ophelia as a back door to raising insurance premiums. They factor heavy loadings for storms and other impacts into the prices they charge, so they cannot rip people off because of Ophelia....

Seanad: Flood Prevention Measures: Statements (18 Oct 2017)

Kieran O'Donnell: I welcome the Minister of State back to the House and commend him and his colleagues on how Operation Ophelia was managed. It was a very difficult situation but it was handled in the only way it could be handled. Information was disseminated and prudent decisions taken, certainly with regard to the closing of schools, which always poses a very difficult situation for parents like myself....

Seanad: Order of Business (17 Oct 2017)

Kieran O'Donnell: I thank the Cathaoirleach for affording me time. With regard to Storm Ophelia, I would like to acknowledge the phenomenal work done by public servants on the ground in Limerick through Limerick City and County Council, the HSE, An Garda Síochána and every other public body involved. It was a day we could be proud of our public servants and the work they do. I take grave exception...

Seanad: Recognition of Irish Sign Language for the Deaf Community Bill 2016: Report and Final Stages (17 Oct 2017)

Kieran O'Donnell: I commend the Bill and acknowledge the people from the deaf community in the Gallery. I wish to speak to amendment No. 41. In essence, such a review mechanism every three to five years is provided for in most legislation. The first review would be three years after the legislation is enacted and then every five years thereafter. I have no doubt that there will be a kind of a formal...

Seanad: Recognition of Irish Sign Language for the Deaf Community Bill 2016: Report and Final Stages (17 Oct 2017)

Kieran O'Donnell: I wish to be associated with the remarks on this historic moment. I acknowledge what it means for the deaf community and wider society to acknowledge formally something that needed to be righted. From dealing with the deaf community in Limerick, I know how passionately they feel about this. I commend Senators Mark Daly and Lorraine Clifford-Lee and their team on this as well as the...

Seanad: Order of Business (Resumed) (12 Oct 2017)

Kieran O'Donnell: I will raise two matters. The first is pensions for homemakers.

Seanad: Order of Business (Resumed) (12 Oct 2017)

Kieran O'Donnell: I will find a mechanism.

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