Results 1-20 of 246 for nama speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Kieran O'Donnell: .... Another issue I have found is that many of these funds are appointing receivers. They may have typically bought a fund from someone else, a bank or from the National Asset Management Agency, NAMA, and then they suddenly appoint a receiver. What powers does the Central Bank have over the receiver? Could a fund, which is in some way regulated through the service provider, suddenly...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Kieran O'Donnell: ...a feature up until now. Even though the vulture funds controlled the property, the property was at a relatively depressed price. In the meantime, many of the loans have been sold on by NAMA and are controlled by vulture funds. In some cases, receivers are being appointed, which means that the properties in question will be sold to realise the assets' value. If something happens once,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Kieran O'Donnell: And, obviously, the other loans that would have gone to NAMA in terms of development.

Seanad: National Housing Co-operative Bill 2017: Second Stage (28 Jun 2017)

Kieran O'Donnell: ...over property rentals. I have a number of questions on what is proposed in this Bill. It has been stated that the State will have to underwrite the funding. It may be regarded as another mini-NAMA. The structure is not that different. Second, on the question of the European Investment Fund, it is proposed that the rules would have to be changed, but could the rules be changed? Is...

Seanad: National Housing Co-operative Bill 2017: Second Stage (28 Jun 2017)

Kieran O'Donnell: ...entitled to a form of rent supplement or housing assistance payment, and the State would effectively be paying for it. The worry would be that the national housing co-operative would create another residential mini-NAMA. We need to move beyond that and put the responsibility back on the banks to sort out the mess they created so people can remain in homes. The mortgage-to-rent and other...

Seanad: Commission of Investigation (National Asset Management Agency) Order 2017: Motion (24 May 2017)

Kieran O'Donnell: ...required. It was all about the value. The value is extremely important to the taxpayer, but it is about the procedure. I was in the other House the night the National Asset Management Agency, NAMA, was set up. I put through that legislation for Fine Gael. NAMA was set up for specific reasons, and they have been lost. NAMA was set up because the banks, in terms of their balance...

Joint Committee of Inquiry into the Banking Crisis: Statements (28 Jan 2016)

Kieran O'Donnell: ...no fault of theirs and who effectively, as a result of the crash, could not afford to pay their mortgages. However, for the banks it was a commercial real estate crisis. We know that because when NAMA took over the loans from the banks it paid €32 billion for loans of €74 billion, which is a write-down of over €42 billion. Over 80% of those loans were commercial...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: I welcome the estimate of the €2 billion profit. To play devil's advocate, how would NAMA respond to the argument that there was a write-off of over €40 billion of taxpayers' money in terms of the banks so that the profit of €2 billion is on the values NAMA took them over at? How does NAMA respond to that argument? Will the profit actually be €2 billion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: Following on from that, the Comptroller and Auditor General has spoken about putting a benchmark or rate of return in place in terms of NAMA. Has that been done?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: The level of equity that banks require from developers or builders operating in the marketplace at present is very significant - it could be 30% or more. What level of equity will NAMA be looking for from various interested builders in terms of partnerships on these projects?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: Could NAMA give 100% funding?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: What percentage of NAMA's loanbook in terms of number and value of loans has been disposed of either by the selling on of loans or realising of loans by NAMA. What is remaining? Will Mr. McDonagh give us a general outline of the way NAMA sees this unfolding?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: That is significant. What are Mr. McDonagh's thoughts on the remaining debtors? It is more or less the same, about 75%. The total loans taken over by NAMA were valued at about €74 billion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Kieran O'Donnell: NAMA took over approximately €35 billion.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Kieran O'Donnell: NAMA estimated that there was €9 billion in interest roll-up in the loans transferred by the five banks to NAMA, and they said €3 billion of that related to Anglo. Now they ... I'm ... the document I'm referring to, Chairman, is Vol. 2 page 27. It was evidence given by Brendan McDonagh, who's the CEO of NAMA. I suppose the question really was were you aware of that level of...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Thanks, Chairman. Welcome, Mr. Fingleton. In relation to the loans acquired to the society by NAMA - you made reference to them earlier - the discount overall was 61% and you spoke about where you feel the discounts were too high. Now, they were the highest discounts of any of the financial institutions and, Chairman, I am referring here to Vol. 1, page 125. Can you explain how you got...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: You don't see that as a contributory factor to the high discount with NAMA?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: So you're disagreeing fundamentally with an independent organisation like NAMA?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: What discounts should have been applied by NAMA?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: So, do you believe if NAMA wasn't established-----