Results 17,941-17,960 of 26,053 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Kieran O'Donnell: So roughly you're saying about 20% of all debtors are on salaries at the moment?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Kieran O'Donnell: And can I, to follow on, in terms of the measurement of what NAMA is delivering to the Irish citizen and taxpayer, the whole issue of the rate of return metric ... that has come up, as you well know, and the C&AG has carried out a report on it. What's ye're view on that now in terms of providing, I suppose, an independent metric of how NAMA has performed on behalf of the taxpayer?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Kieran O'Donnell: What form will that take?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Kieran O'Donnell: It's not out of ... is it in your manual, is it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Kieran O'Donnell: The more things change, the more-----
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Kieran O'Donnell: I wish to take up the issue of the Irish Glass Bottle site. Mr. Moran has said the sale went through when the market was at its peak and that it did not have any impact. However, is it not clear from his company's website that it was involved with the site from 2000 onwards? Is that correct?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Kieran O'Donnell: Was it not involved in putting together a development plan? The company has a case study on its website.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Kieran O'Donnell: No, but the company was involved in coming up with a strategic plan. It was one of the consultants that had been brought in.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Kieran O'Donnell: Yes, but Jones Lang LaSalle was involved.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Kieran O'Donnell: There is a case study on the website dealing with it.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Kieran O'Donnell: The company claims in the case study that it was involved in coming up with an intricate strategic structure to maximise the value of the site. The point I am making, therefore, is that it is fair to say property agents such as Jones Lang LaSalle were directly involved in maximising the value of particular sites, this site in particular, which was over €400 million.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Kieran O'Donnell: Does Mr. Moran believe estate agents have a moral or prudent responsibility where assets are being sold on behalf of a vendor and where clearly the price does not stand up?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Kieran O'Donnell: Is Mr. Moran saying we are relying on the buyer beware principle?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Kieran O'Donnell: Mr. Moran will appreciate that the consequence of many of these transactions was that the ordinary man in the street ended up taking much of the burden.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Kieran O'Donnell: Does Mr. Moran believe agents had a duty of care? Reading back, he says the property market was supported by the economy. In our case, it was driving the economy. It accounted for some 25% of GDP when it should have been only 8%, 9% or 10%. He says it peaked on 30 September 2007, but it is now generally acknowledged that it peaked around July 2006. Jones Lang LaSalle is one of the main...
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Kieran O'Donnell: On page 7 Mr. Moran said that, as a consequence, they had advised most of the client base not to participate in the market on the buy side and, where appropriate, advised clients to sell. When specifically did the company start to advise clients to sell?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Kieran O'Donnell: When did it advise people not to buy?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Kieran O'Donnell: Therefore, by the end of 2005 the company's internal reviews were advising that the market had peaked or was peaking at that time. However, page 1 tells me the market did not peak until 30 September 2007.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Kieran O'Donnell: Based on Jones Lang LaSalle's expertise, could we have another property bubble in the current market?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Kieran O'Donnell: I thank the Chairman and welcome Ms Hunt. I wish to make a couple of points, having read her presentation. Does she believe the collapse was brought about by domestic or global factors?