Results 14,181-14,200 of 26,357 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Kieran O'Donnell: I am talking about the bank's existing customers and the fact is there is a differential between the bank and AIB in the variable rate of over 1%. The point is when Mr. McLoughlin speaks about the fixed rate he is really trying to attract new customers. He referred again to the cash-back. If Bank of Ireland is looking after both new and existing customers, it would look to reduce the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Kieran O'Donnell: At fixed rates?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Kieran O'Donnell: Mr. McLoughlin did make specific reference in his response to the cash back for new customers.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Kieran O'Donnell: Equally, Mr. McLoughlin will appreciate that the bank has existing customers, many of whom are under pressure, who look at another bank that is charging 1% less than they are paying. As Mr. McLoughlin well knows, in the current climate they cannot switch and they are effectively locked into the Bank of Ireland. That is the reality.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Kieran O'Donnell: I accept that but if they wish to stay on the variable rate they can only make that choice with one institution. I would hate to see a situation arise whereby, effectively by stealth, the bank is forcing people on to a fixed rate because the bank would not reflect the mortgage rate within the institution, which is in line with the current market.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Kieran O'Donnell: Given the time at my disposal I will move on. I believe it is a fair observation to say that it could be interpreted that Bank of Ireland wants its existing customers to move to a fixed rate in that by keeping the variable rate higher than its competitors the bank is pushing people into a fixed rate. That is obviously - dare I say it - to the benefit of the bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Kieran O'Donnell: I have two quick questions. On page 1, questions 1 and 2, Mr. McLoughlin makes reference to the 4,083 private dwelling homes and the 1,625 buy-to-let houses that are 90 days or more in arrears at the end of June. Will the witness confirm that this is the actual number of properties?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Kieran O'Donnell: How many properties is it respectively?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Kieran O'Donnell: So the number of properties would be roughly at around 3,500 for the homes and 1,300 for the buy-to-lets?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Kieran O'Donnell: What write offs has the bank given in respect of home mortgages and buy-to-lets in the last year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Kieran O'Donnell: How does Bank of Ireland view Permanent TSB's proposal that they wafted onto the public airwaves about write-offs with regard to the sale of buy-to-lets?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Kieran O'Donnell: Have the Bank of Ireland any intentions to sell any of its portfolio loans to investment houses or, as is colloquially known, vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Kieran O'Donnell: My final question is concerned with macro issues. Back in July 2008 - before the crash - a predecessor of Mr. McLoughlin's, Mr. Richie Boucher, who was in the role at the time, appeared before the finance committee. In fairness to him he was the only one of the bankers who actually said publicly that we had a problem with liquidity. We are now in a situation where house prices are rising...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Kieran O'Donnell: They relate to the same issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Kieran O'Donnell: Define a risk manager.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Bank of Ireland (21 Sep 2017)

Kieran O'Donnell: It is the only institution that acknowledged that there might be an issue. I will give it that.

Seanad: Order of Business (20 Jul 2017)

Kieran O'Donnell: Yes.

Seanad: Order of Business (20 Jul 2017)

Kieran O'Donnell: I commend the Cathaoirleach and staff on how well the Seanad is run. I also commend the Leader, Senator Buttimer. I have raised the issue before but I reiterate my call for a detailed debate and statements on anti-social behaviour. We all agree that a significant proportion of Garda time in our areas involves dealing with anti-social behaviour in estates and other locations. It is not...

Seanad: Financial Services and Pensions Ombudsman Bill 2017: Committee and Remaining Stages (20 Jul 2017)

Kieran O'Donnell: I welcome the passage of the Bill. It will go to the Attorney General for a review. I hope that commencement orders would take place as quickly as possible. The issue of whole-of-life policies is related to this Bill but is not within the Bill itself, where elderly people in particular would have taken out life assurance policies to ensure that their next of kin did not get caught with...

Seanad: Asian Infrastructure Investment Bank Bill 2017: Committee and Remaining Stages (20 Jul 2017)

Kieran O'Donnell: I will make a few observations on the amendment proposed by Senators Grace O'Sullivan and Higgins. In regard to the proposed section 4(2), I raised the issue of membership on Second Stage. I note the Minister of State indicated this is currently being worked out. Perhaps he would give a commitment today that once the structure for the appointment of an Irish representative has been put in...