Results 13,901-13,920 of 26,228 for speaker:Kieran O'Donnell

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

Kieran O'Donnell: I have raised the issue of homemakers many times in this House. There are some people who do not qualify for any form of pension and others who qualify for reduced pensions. I expect the Minister for Employment Affairs and Social Protection to come to the House to discuss this issue. Many homemakers are farmers' wives and we have discussed family farms and stamp duty with the Minister for...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Customer Experience (12 Oct 2017)

Kieran O'Donnell: The witnesses' stories are very stark. I am from Limerick, where we deal with people like this at all stages. The witnesses are a few of many and it is fantastic that they have gone public. Mr. Kissane has dealt with the banks. We have had them here repeatedly, as well as the Central Bank, in respect of the trackers. I find it astounding that the banks do not have the information at...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Customer Experience (12 Oct 2017)

Kieran O'Donnell: Why, then, is the Central Bank affording the banks so much time to comply with the review? Is it credible that the Central Bank does not have the power to insist on the banks coming forward with the information in a matter of weeks? To the ordinary person looking in, it appears that the tail is wagging the dog. The banks are telling the Central Bank they cannot come up with the information...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Customer Experience (12 Oct 2017)

Kieran O'Donnell: I personally do not believe it is credible that this is taking so long. Given the level of sophistication they are at, I believe the banks are kicking the can down the road. When representatives of the Central Bank appear before the committee next week, we need to be told why this is taking so long. On the issue of ensuring it is accurate, I have heard-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Customer Experience (12 Oct 2017)

Kieran O'Donnell: When did Mr. Kissane bring the issue of tracker mortgages and the rip-off to the attention of the Central Bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Customer Experience (12 Oct 2017)

Kieran O'Donnell: Was the Central Bank too late in moving to carry out this review and put this redress in place?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Customer Experience (12 Oct 2017)

Kieran O'Donnell: I did not say that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Customer Experience (12 Oct 2017)

Kieran O'Donnell: If there is a lax regulation regime, the banks will drive on. The Central Bank is the regulator. What have Ms Grogan, Ms Melbourne, Mr. Ryan and Ms Byrne learned from this traumatic experience? What would they like to see happening now?

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: Have you packed the bags?

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 welcome the deputations. Maybe I am going over old ground, but I want to ask a question on the financial structure and capital. Who owns the bank?

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: That is a board. That is the structure.

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: Who decides who goes on the board?

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: Who selects the supervisory board?

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: Are the profits earned by the local regional bank paid by dividend, or where do these profits go? Are they paid out?

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: Yes.

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 such a bank model was set up in Ireland, would it be an Irish entity or a German entity?

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: Who would set up the capital? In setting it up what would the structure be, what about capital, who would go on the board and as it would have to be regulated by the Central Bank how would it work in practice?

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: Could Mr. Bergmann see any circumstances where the Irish local banks would have a business relationship with Sparkassen-Finanzgruppe 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: On the range of loans that Sparkassen provide to business, are they working capital loans or current account facilities?

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 would be the longest period of time that a loan would be provided to a business?