Results 1-12 of 12 for ibrc speaker:Darragh O'Brien

Did you mean: ibec speaker:211?

Central Bank (Variable Rate Mortgages) Bill 2016: Second Stage (Resumed) [Private Members] (18 May 2016)

Darragh O'Brien: ...a supporter of, the banks and it put their interests above those interests of the people it was supposed to represent. When we look further down the track at the State controlled mortgages, the IBRC mortgages, the Minister, Deputy Noonan, in the previous Fine Gael and Labour Party Government, permitted the sale of those mortgages - a mortgage book of 49,000 mortgages - to vulture...

Seanad: Consumer Protection (Regulation of Credit Servicing Firms) Bill 2015: Second Stage (24 Jun 2015)

Darragh O'Brien: ...needs to be strengthened sufficiently. The Minister of State referred to the question of why loan books are sold. We understand why they are sold. Mortgage holders wonder, in connection with the IBRC and Irish Nationwide book of residential mortgages that was sold, why the affected mortgage holders were not afforded the opportunity to purchase their own mortgages at a discount. The...

Seanad: Consumer Protection (Regulation of Credit Servicing Firms) Bill 2015: Second Stage (24 Jun 2015)

Darragh O'Brien: ...Government sells their mortgages to a vulture fund, they have no opportunity to get a discount on their mortgages in the same way multi-billion dollar enterprises did when the Government sold the IBRC residential mortgage book at a substantial discount. People in the portfolio will have their houses repossessed on the back of it.

Seanad: Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (10 Jun 2015)

Darragh O'Brien: ...and endeavoured, in so far as possible, to take their concerns on board and add extra items that should have been in the terms of reference from the beginning. It is crucially important that the IBRC wealth management unit is included as well as the relationship between IBRC and the Department, dating back to the time of the Minister's predecessor, the late Brian Lenihan. Ironically,...

Seanad: Order of Business (9 Jun 2015)

Darragh O'Brien: ...Transatlantic Trade and Investment Partnership and to consider it in some detail. I assume the draft motion circulated earlier today regarding the ongoing matters of public concern with regard to IBRC, the Government, the Department of Finance and Denis O'Brien will not be moved today. Has the Leader any idea as to whether, when it is agreed, the motion will come into this House? While...

Seanad: Order of Business (17 Sep 2014)

Darragh O'Brien: I welcome everyone back to the Seanad. I do not know whether Members met the group of former IBRC mortgage holders outside Leinster House today. Many of the 13,000 loans are performing and have no protection under Irish legislation. Those concerned have no protection under Irish legislation since their mortgages were sold on. The Minister for Finance, Deputy Michael Noonan, stated that he...

Seanad: Order of Business (26 Feb 2014)

Darragh O'Brien: Go raibh maith agat, a Chathaoirligh. Conversely, we had raised the issue, and I had raised the issue, of the potential sale of the IBRC mortgages and also our concerns. In fairness, as did many people across the House, we had concerns regarding that fact that the sale was not subject to the code of conduct on mortgage arrears should any bidders from abroad be successful. I was pleased to...

Seanad: Order of Business (18 Feb 2014)

Darragh O'Brien: ...on mortgage arrears. It is a very serious issue and needs to be addressed. Anyone who cares about those who are in mortgage difficulties would support me in calling on the Government to instruct IBRC not to proceed with this sale and offer those discounts to the people in mortgage arrears.

Seanad: Order of Business (18 Feb 2014)

Darragh O'Brien: ...and inform the Whip that we are ready to initiate the Bill here. I would also welcome the Government's view on the sale of 13,000 mortgages by former Irish Nationwide which are held by the former IBRC and its view on the statement by the Minister for Finance, Deputy Noonan, that should these mortgages be sold to an entity outside this State, which is more than likely, they will be covered...

Seanad: Order of Business (24 Apr 2013)

Darragh O'Brien: ...reductions in salaries and pensions of between 6% and 10%. Where does this leave the ordinary bank workers? Can the Leader confirm the Government will direct Bank of Ireland, AIB, PTSB, ICS and IBRC to take on the executive pay first? More than 180 executives in State-owned or partly State-owned banking institutions earn more than €200,000 per year. Most people will agree with me...

Seanad: Mortgage Arrears: Motion (17 Apr 2013)

Darragh O'Brien: .... If that can be set as the benchmark we can begin to consider solutions such as split mortgages, which are happening sporadically, and extensions to mortgage terms. This House had a late night debate on the wind down of IBRC and the new terms for the promissory notes. Ireland in effect received an extension of a mortgage term and a reduction in interest rates. The general public, who...

Seanad: Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Darragh O'Brien: ...will affect the country. However, I take his word that he has, effectively, been bounced into doing this because of the leaks that occurred concerning the plans of the Government to liquidate the IBRC. I welcome these plans. Any of us who has been in politics in recent years - I have only been involved since 2007 - will welcome seeing the back of the IBRC or what was formerly Anglo...