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Seanad: Asian Infrastructure Investment Bank Bill 2017: Second Stage (18 Jul 2017)

Kieran O'Donnell: At 10.30 a.m. tomorrow.

Seanad: Order of Business (12 Jul 2017)

Kieran O'Donnell: Yesterday, I raised the issue of the M20 Limerick to Cork motorway. Since then, the chambers of commerce in Limerick and Cork have reported on the findings of an Indecon study and a RED C poll in regard to the merits of this project. The Indecon report makes a number of key findings, including that if the project goes ahead approximately 5,400 jobs could be created; the number of accidents...

Seanad: Report of Seanad Special Select Committee on the Withdrawal of the United Kingdom from the European Union: Motion (12 Jul 2017)

Kieran O'Donnell: This is the first opportunity for the Minister of State, Deputy McEntee, to come before the Seanad. I congratulate her on her post. I commend Senator Richmond and all his colleagues on a comprehensive report. It is wide-ranging and cross-party and it is the way a report should be. The implications for Brexit are significant. We have the unusual situation at the moment whereby if a vote...

Seanad: Commencement Matters: Road Projects (11 Jul 2017)

Kieran O'Donnell: The Cathaoirleach might let me know when I am coming to the end of my time.

Seanad: Commencement Matters: Road Projects (11 Jul 2017)

Kieran O'Donnell: I welcome the Minister of State, Deputy D'Arcy, to the Chamber again. This issue is in connection with the mid-term review of the national capital investment plan. It is an issue I feel very strongly about. The review took place in the month of April. More particularly, at that time I held a public information meeting in the Great National South Court Hotel, Raheen, in Limerick city, on...

Seanad: Commencement Matters: Road Projects (11 Jul 2017)

Kieran O'Donnell: Does the Minister of State expect the review to take place before the announcement of the budget in October? If so, will it happen in September? Is the Government looking at various funding mechanisms for capital projects such as European Investment Bank funding? Will he outline the discussions taking place in that regard? How important is a project of the magnitude of the M20...

Seanad: Order of Business (11 Jul 2017)

Kieran O'Donnell: I want to raise the issue of motor insurance and Setanta Insurance. At the finance committee, of which I am a member, I asked that we seek the liquidators of Setanta Insurance to come before the committee. I believe there is a general worry and legitimate concern that many of the insurance companies have already factored the whole issue of Setanta into their pricing over the last year. It...

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Report and Final Stages (11 Jul 2017)

Kieran O'Donnell: Tomorrow at 10.30 a.m.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Kieran O'Donnell: I welcome the Minister and his colleagues. I wish him well in his new combined role. In the context of the issue of non-performing loans, the Minister indicated that there are some concerns in regard to specific elements of the proposal, such as that restructuring activities will be disincentivised in favour of forced loan sales. KPMG is currently conducting due diligence on AIB's loan...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Kieran O'Donnell: The issue of the timeframe relating to the restructuring of non-performing loans in Ireland is coming down the tracks. I fully accept and recognise that the public flotation of AIB shares was very welcome but many individuals with bank loans - including those with small business, farm and buy-to-let loans and, in particular, home loans - have come to members with concerns. The public knows...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Kieran O'Donnell: I accept that. The element of uncertainty in terms of banks and the public is where problems arise in the context of discerning exactly what will happen. That has been seen in other institutions. I welcome that the Minister is open to exploring various routes to deal with these issues. Can the Minister indicate whether discussions are taking place at European level in terms of allowing a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Kieran O'Donnell: The Minister will appreciate that we are coming off a very low base in terms of capital; it virtually went off a cliff. I completely agree with the Minister in terms of the delivery of projects, and that is about ensuring that a proper cost-benefit analysis is done upfront, which was not done of many projects in the past. Capital investment for our country is hugely important, as is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Kieran O'Donnell: I accept that, yes.

Seanad: Order of Business (5 Jul 2017)

Kieran O'Donnell: I thank the Cathaoirleach for his indulgence. Perhaps we could have a debate in the not too distant future on anti-social behaviour. Criminality is a problem but, at present, we have anti-social behaviour that is being tested in terms of the age profile of the people doing it and of how the laws apply. There were incidents in the Old Cratloe Road and Caherdavin area of Limerick in which...

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Committee Stage (5 Jul 2017)

Kieran O'Donnell: This is a Sinn Féin amendment.

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Committee Stage (5 Jul 2017)

Kieran O'Donnell: Will the Minister of State clarify the matter?

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Committee Stage (5 Jul 2017)

Kieran O'Donnell: On a point of order, may we have precise clarification, perhaps through the Minister of State, as to whether the first amendment is a Government amendment?

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Committee Stage (5 Jul 2017)

Kieran O'Donnell: I understand. Perhaps the Minister of State might confer with his officials.

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Committee Stage (5 Jul 2017)

Kieran O'Donnell: Will the Minister of State clarify the position?

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Committee Stage (5 Jul 2017)

Kieran O'Donnell: Senator Conway-Walsh can speak to the substantive point of the amendment then.

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