Results 19,041-19,060 of 26,053 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Kieran O'Donnell: Is that the par value NAMA took over and which the developer had with the financial institution originally?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Kieran O'Donnell: How many developers have exited NAMA?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Kieran O'Donnell: Out of how many?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Kieran O'Donnell: I thank Mr. Daly, Mr. McDonagh and their colleagues. I looked back at the accounts for the first six months, and more particularly for the second quarter. NAMA made a profit of €102 million for the six-month period. However, a net loss was made on the disposal of loans of approximately €140 million. What type of write down is NAMA taking on the disposal of loans? To follow...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Kieran O'Donnell: Was it purely that portfolio?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Kieran O'Donnell: To give a flavour from that period, did NAMA make profits on the disposal of other loans? What are generally the criteria in terms of the disposal of loans?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Kieran O'Donnell: Mr. McDonagh referred to the Committee of Public Accounts. One of the recommendations made by the Comptroller and Auditor General at the time was that there should be criteria for return on investment, a benchmark for NAMA, which the agency disputed. The question was raised again in the list of questions. It has been lost in some of the commentary that when NAMA was originally established,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Kieran O'Donnell: I welcome that. I have one or two other quick questions. Question No. 17 related to NAMA staff.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Kieran O'Donnell: I will read it then. The question was about the level of NAMA staff that had effectively left NAMA and gone to the private sector. It is worrying that of the 108 staff members who resigned from the agency since its inception nearly 50%, or 51 former staff, have taken up employment in property companies, finance companies, and consultancy and law firms. From a contractual and data...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)
Kieran O'Donnell: I am not questioning that. My point is-----
- Joint Oireachtas Committee on Environment, Culture and the Gaeltacht: Water Tariffs: Commission for Energy Regulation (21 Oct 2014)
Kieran O'Donnell: There is a thing in there called a 60-day look-back rule. Does that mean people have up to 30 December to file their returns and get all the allowances rather than 31 October? I ask the CER to publish a sensitivity analysis on the question of extending the capped charge period from 1 July 2015 to the end of December 2015 or 2016. I am amazed that such an analysis has not already been...
- Joint Oireachtas Committee on Environment, Culture and the Gaeltacht: Water Tariffs: Commission for Energy Regulation (21 Oct 2014)
Kieran O'Donnell: At the end of November or December?
- Joint Oireachtas Committee on Environment, Culture and the Gaeltacht: Water Tariffs: Commission for Energy Regulation (21 Oct 2014)
Kieran O'Donnell: That means that in practical terms the filing date is actually 30 November rather than 31 October.
- Joint Oireachtas Committee on Environment, Culture and the Gaeltacht: Water Tariffs: Commission for Energy Regulation (21 Oct 2014)
Kieran O'Donnell: As it stands, if people do not complete a return until 30 November, do they hold their allowances?
- Joint Oireachtas Committee on Environment, Culture and the Gaeltacht: Water Tariffs: Commission for Energy Regulation (21 Oct 2014)
Kieran O'Donnell: The public is not aware of that. Can I get a commitment from the CER to do the sensitivity analysis on the prospect of retaining the cap for a two-year period up to the end of 2016? Will the witnesses commit to doing this and to publishing it?
- Joint Oireachtas Committee on Environment, Culture and the Gaeltacht: Water Tariffs: Commission for Energy Regulation (21 Oct 2014)
Kieran O'Donnell: No; let me be specific on this. What I am saying is that between now and the end of 2015 - or, ideally, the end of 2016 - people would know that the absolute maximum they could pay would be the cap that has been put in place, and if their meter reading was less, they would pay the smaller amount.
- Joint Oireachtas Committee on Environment, Culture and the Gaeltacht: Water Tariffs: Commission for Energy Regulation (21 Oct 2014)
Kieran O'Donnell: That is in place up to 1 July.
- Joint Oireachtas Committee on Environment, Culture and the Gaeltacht: Water Tariffs: Commission for Energy Regulation (21 Oct 2014)
Kieran O'Donnell: Correct. I want the CER to look at extending this to the end of 2015 or the end of 2016. It would take away all uncertainty.
- Joint Oireachtas Committee on Environment, Culture and the Gaeltacht: Water Tariffs: Commission for Energy Regulation (21 Oct 2014)
Kieran O'Donnell: Is it not correct that Irish Water charges are twice the UK average, 25% higher than the charges in Northern Ireland and 61% higher than those in Scotland?
- Joint Oireachtas Committee on Environment, Culture and the Gaeltacht: Water Tariffs: Commission for Energy Regulation (21 Oct 2014)
Kieran O'Donnell: Given that 80% of water meters will have been installed by the end of 2016, was a model considered under which a capped assessed charge or maximum charge would continue to apply until that time?