Results 14,521-14,540 of 26,373 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Kieran O'Donnell: Is Professor Lane saying that are no circumstances between now and November under which he would change the mortgage rules to ensure the price of housing does not go out of control? If we see a 7%, 8%, 9% or 10% increase in the price of houses on a monthly or bimonthly basis between now and November, is Professor Lane saying that, as Governor, he will not do anything about that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Kieran O'Donnell: Does that mean he will not do anything between now and November?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Kieran O'Donnell: The Governor said last November that if there was a material change in prices that he would go in and make the necessary changes in the rules to ensure the price of houses would not go out of control. He is now telling me something different and that he will do nothing until November.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Kieran O'Donnell: No, that is not what he said last November.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Kieran O'Donnell: It is not. He said that he would act if there was a material change in the price of houses. The ordinary person looking in here, who is looking to buy their first home, could possibly be alarmed because they are being told that, regardless of the way the price of houses goes between now and November, the Central Bank, through its Governor, will do absolutely nothing in respect of mortgage...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Kieran O'Donnell: I never said anything about month-by-month. Really, the response I have gotten from the Governor is that he will be doing nothing between now and November. I ask him to pay careful heed because we got into this mess in the Celtic tiger period when the price of houses spiralled out of control and we suddenly had a situation where people were taking out loans, which I know had much higher...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Kieran O'Donnell: A number of people have raised condition 3.1 with me. It concerns situations where, if someone is offered a tracker mortgage but elects to go on a fixed rate and the fixed rate changes between the letter of offer and when the loan is drawn down, they are entitled to go back to take the tracker rate. Has that come onto the Central Bank's radar?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Kieran O'Donnell: When does the Central Bank expect the current process to be full and final? The witnesses mentioned the conclusion of phase two by September.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Kieran O'Donnell: One of the requirements of the review is that lenders must have a customer helpline. A lot of these helplines use scripted conversations which do not provide enough assistance to customers. Is there any detail about what help must be given to customers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Kieran O'Donnell: Reference was made to the legal framework. Are the guidelines for banks which the Central Bank has published in the public domain?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Kieran O'Donnell: Did each bank design its own scheme? Are there examples where banks have different schemes?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Kieran O'Donnell: Of the 15 institutions, with how many have schemes been agreed and with how many does the final decision on the design of the scheme remain outstanding?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Kieran O'Donnell: When is it anticipated that the framework will be decided upon?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Kieran O'Donnell: When will lenders be told that they must write to people to inform them that they should have been on a tracker rate and of the level of redress and compensation? Many people approach us with issues concerning trackers. One feature that stands out is the differential between the fixed rate and the variable rate and, more particularly, the significant differential between the fixed rate and...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Kieran O'Donnell: When will the Central Bank instruct the banks? What is the timeframe involved?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Kieran O'Donnell: Therefore, it is expected that once customers have been identified, they will be put straight back on a tracker mortgage?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)
Kieran O'Donnell: Yes. I thank Professor Lane.
- Seanad: Order of Business (29 Mar 2017)
Kieran O'Donnell: It has been brought to my attention that the Department of Social Protection's website has been down since Sunday. I ask that the Leader communicates with the Minister for Social Protection and his officials and ensures that every effort is made to get the website, welfare.ie, up and running. People have had to resort to using the Citizens Information's excellent website called...
- Seanad: Order of Business (28 Mar 2017)
Kieran O'Donnell: I have two issues to raise, the first of which is the Bus Éireann dispute.I know many of the workers who are out on strike. It is extremely worrying for them.
- Seanad: Order of Business (28 Mar 2017)
Kieran O'Donnell: Then I will stick to this issue.