Results 18,981-19,000 of 26,053 for speaker:Kieran O'Donnell

Public Accounts Committee: Business of Committee (6 Nov 2014)

Kieran O'Donnell: They are different.

Public Accounts Committee: Business of Committee (6 Nov 2014)

Kieran O'Donnell: With due respect, when we see things being filed late, invariably they are VECs and various different bodies. They have reasonable budgets and I have no doubt the bulk of them have in-house accountants. This is basic corporate governance and meeting deadlines. The worry is the same application of deadlines which are applied by the State to private companies is not being applied in the same...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: When is it anticipated that it will be up and running and people will be making applications to Bank of Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: I have one final question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: Yes. I appreciate that it is almost 6 p.m. The first time Mr. Boucher came before a committee was in July 2008 when the banks were going through a very difficult time. How have practices changed in Bank of Ireland? What has it learned from the experience? What is now being done differently? What is happening that was not happening then?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: Has the bank become too risk-averse?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: I thank Mr. Boucher.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: Does Bank of Ireland now have any ECB funding?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: A total of 75% of the bank's funding is in the form of deposits.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: Some €3 billion from the ECB.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: Is it €6 billion in total?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: What percentage of the bank's overall funding comes from the ECB at this point?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: A total of 75% of the bank's funding is in the form of deposits. How much is coming from what would be known as the wholesale bank market and what percentage comes from the ECB?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: Has the bank reached a level where its ECB funding has stabilised?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: The strategic fund coming from the German bank was launched during the week. How does Mr. Boucher anticipate it functioning in getting funds to the SME sector? How does Mr. Boucher see it operating? How will people be able to access the funding through Bank of Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: With due respect to Mr. Boucher, Bank of Ireland is, more or less, charging the same variable rate. This clearly looks to me-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: It appears to me that Bank of Ireland is pricing in the market.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: I accept that but it is after the set period.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: The question I am asking is very simple.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Kieran O'Donnell: But in the limited time. Therefore, does Mr. Boucher perceive that Bank of Ireland does not have enough competitors, whereby the bank is required to give a rate reduction to customers?