Results 13,941-13,960 of 26,042 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: I welcome the witnesses and compliment them on the body of work they have produced. Their role is enforcement of competition and consumer protection legislation across the economy. In recent years the enforcement of legislation invariably comes via the Central Bank itself. Do the witnesses have any role in overseeing whether the Central Bank is enforcing legislation effectively and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: How does the CCPC's role in enforcing legislation differ from the Central Bank's?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: In what sort of situation would the CCPC take someone to court?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: What new legislation on white collar crime could be introduced?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: If someone approached the CCPC in the morning about a white collar crime, for example, embezzlement, could the CCPC bring a case under civil law?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: Why not?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: Hypothetically speaking, if a series of transactions in a bank were, to say the least, suspect, would the CCPC be able to get involved if civil law powers were available to it? Some people have more regard for the impact on their pockets than for possibly doing jail time. Many believe that, if they have enough resources behind them and a matter falls under civil law, they can take it to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: In terms of white collar crime, is Ms Goggin saying that there is no legislation allowing for a fine to be imposed under civil law as opposed to criminal law?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: We should follow up on that, Chairman. It is a weakness. My last question is on the Danish housing model and how Denmark developed its market. Is Ms Goggin saying that the model, under which long-term loans must be matched by long-term funding, applies across all of the home loan market?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: A building society effectively.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: The operating models would be similar. Anyway, continue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: Are they more competitive than the universal banks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: Has Denmark had that model for many decades or is it new?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: Who owns these banks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: Some are state owned.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: In terms of rents and so forth, does the CCPC have concerns about funds' level of ownership of the rental property market, particularly in Dublin? Is this issue appearing on the CCPC's radar?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: I refer to he level of ownership that many of the larger funds - dare I say it, vulture funds - have of the private rental market, particularly in Dublin. Has it appeared on the CCPC's radar?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Competition and Consumer Protection Commission (20 Jun 2017)

Kieran O'Donnell: Okay.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Right2Homes (20 Jun 2017)

Kieran O'Donnell: I want to commend Father McVerry on the great work he has done. Can I get slightly technical and go through the Bill itself and how it would work in practice? I want in particular to look at Part V with regard to the National Housing Co-operative Society. Would it be fair to say that model B will be the default position in most cases and that model A would probably never work? This is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Right2Homes (20 Jun 2017)

Kieran O'Donnell: By the mortgage owner, which will effectively be the co-op itself. How long will it take for A, B and C to function? Is the likelihood that the situation will automatically end up going to model B at a minimum and in some cases to model C? If the co-op ends up buying the house as distinct from the loan, the people in the house then become the tenants. Would the witnesses envisage putting...