Results 14,341-14,360 of 26,042 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: They would have an agent in place.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: I want to discuss practicalities.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: Are vulture funds that have not been regulated in Ireland contacting customers directly and not going through the agent? Does Mr. Beades and his organisation have experience and knowledge of that happening?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: Does Mr. Beades and his organisation know people to whom this has happened? The agent is supposed to be the person that a holder of the loan or borrower deals with, not the vulture fund. Does Mr. Beades know of instances where borrowers have received phone calls and correspondence directly from the vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: It is not.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: My question is relevant from a regulation viewpoint. If the legislation is designed so that the control and operation of the loan with the borrower in Ireland is via an agent, who is regulated for under legislation, but in fact the vulture fund is contacting the person------

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: I know an individual who was an Ulster Bank customer and had his fund sold on even though had a performing loan. He has been lucky enough to refinance out. He told me that he received phone calls from people who threatened to take his family home. Has Friends of Banking Ireland experienced such a situation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: Does Mr. Beades have categorical evidence that the vulture funds have contacted people directly and have bypassed the agent in Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: I have a question for Ms Lavin. On 1 December the Ulster Bank attended this committee.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: On that occasion Mr. Andrew Blair said that the GRG group was in place well prior to the crash. Is that the case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: Correct.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: When was the company transferred to the GRG group?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: Did the company have a performing loan?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: Technically, in documentation, was the property worth less than 70% or 80% of the loan value?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: What specific conditions were used to appoint a receiver?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: To clarify, was the company transferred to the GRG group in 2011?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: A receiver was appointed. Were the loans then sold on to a vulture fund?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: When?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: Is Ms Lavin at liberty to disclose the name of the vulture fund?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Kieran O'Donnell: Effectively, the loans were owned by Cerberus.