Results 161-180 of 246 for nama speaker:Kieran O'Donnell

Written Answers — National Asset Management Agency: National Asset Management Agency (29 Apr 2010)

Kieran O'Donnell: Question 116: To ask the Minister for Finance the expected discount to be applied by the National Asset Management Agency on the takeover of loans by NAMA in tranche 1 in relation to Anglo Irish Bank; the date this will happen; the value of loans to be taken over; the value of loans to which zero per cent valuations are to be applied; and if he will make a statement on the matter. [17585/10]

National Asset Management Agency. (28 Apr 2010)

Kieran O'Donnell: ...? What will be the eventual haircut in Anglo Irish Bank? We are hearing various reports of 50%, etc. What will be the eventual haircut? What does the Minister expect will be the final amount of NAMA bonds and subordinated bonds to be issued in respect of the whole NAMA process?

National Asset Management Agency. (28 Apr 2010)

Kieran O'Donnell: What eventual haircut on the first tranche does the Minister expect? It still has not gone into NAMA.

Strategic Investment Bank: Motion. (27 Apr 2010)

Kieran O'Donnell: ...introduced. We must now consider what is being proposed by Government and the Opposition parties. The Government is effectively proposing to put €25 billion into the banks and €43 billion into NAMA, which amounts to €68 billion of taxpayers' money. The question that arises is whether this will get credit flowing to the SME sector. I recall, when the Government guarantee scheme was...

Urban Renewal Projects. (21 Apr 2010)

Kieran O'Donnell: ...project will see houses being built that need to be built as distinct from houses built during the latter days of the Celtic tiger which were surplus to requirements and are ending up in NAMA at a cost to the taxpayer that will be a burden for generations to come. Furthermore, there is the social aspect. Will the Minister of State consider a multi-agency approach to regeneration areas...

Central Bank Reform Bill 2010: Second Stage (Resumed) (21 Apr 2010)

Kieran O'Donnell: ...employees. The latter were, invariably, prudent in their dealings and were informed that if they were not involved in sales, then their careers would suffer. The Minister for Finance stated that NAMA is winning the respect of the public. That is not the case. People realise exactly what NAMA will involve, namely, and at a minimum, €43 billion of their money. NAMA will have...

Central Bank Reform Bill 2010: Second Stage (Resumed) (21 Apr 2010)

Kieran O'Donnell: The IMF was quite conditional in the views it expressed in its various reports. Some two thirds of all loans that have been transferred to NAMA are no longer performing. If, when he introduced his fairy tale plan, the Minister had informed us that this was the case-----

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: ...of Anglo Irish Bank and Irish Nationwide. One could go through the institutions involved because we are here to make statements on banking. I refer to the recapitalisation of the banks and NAMA. Anglo Irish Bank has received €22 billion in total, made up of €18 billion by way of promissory notes. The European Commission stated as late as yesterday that it is conducting an in-depth...

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: ...about the routine flow of credit. Will the Minister put the credit reviewer on a statutory footing with immediate effect? What discounts will apply in respect of the further tranches to come into NAMA and how much does the Minister envisage the taxpayer being required to put in, additional to the €3.5 billion, to AIB? What percentage shareholding does he expect to take in AIB? The flow...

Banking System: Motion (30 Mar 2010)

Kieran O'Donnell: By adding €22 billion through recapitalisation and €18 billion in loans transferred to NAMA.

Banking System: Motion (30 Mar 2010)

Kieran O'Donnell: We have no idea how much NAMA will make. We all want a banking system that works. Allied Irish Banks and Bank of Ireland have been given time. Their losses to date have not been crystallised. If the Government wants private investors to put money into these banks, it should have outlined earlier their losses to date and how they will come up with funding. However, we will not know that...

Bank Recapitalisation. (10 Mar 2010)

Kieran O'Donnell: My question is about the expected credit conditions. It appears NAMA will provide orders for a mechanism for appeals regarding loans or overdrafts not granted. Will the Minister specify to the banks the level of credit they must provide? Will the Minister confirm that all the development and property loans of the institutions will be taken over by NAMA? I refer to the recently published...

Bank Recapitalisation. (10 Mar 2010)

Kieran O'Donnell: How will NAMA and the recapitalisation of the banks ensure that credit will flow to small and medium-sized enterprises? They are currently on their knees. The Minister appears to be making up policy on the hoof. A total of 55% of small and medium-sized enterprises have been unable to access credit in the past three months. The Minister referred to the taxpayer. The Minister could put a...

Bank Recapitalisation. (10 Mar 2010)

Kieran O'Donnell: Will all development loans be taken over by NAMA?

Public Service Remuneration: Motion (Resumed) (10 Feb 2010)

Kieran O'Donnell: ...whereby it made a decision at a late date or, worse, made the decision on 9 December and effectively engaged in a cover-up in the House. The same tactic was used in respect of the debate on NAMA, the IMF and the provision of credit flow. The House is entitled to know the exact advice given to the Government. Was a memorandum provided on 9 December? Is the word "bonus" mentioned in the...

Finance Bill 2010: Second Stage (9 Feb 2010)

Kieran O'Donnell: .... Government regulation must be examined in this respect. Credit flow to small businesses is another problem. What do the IMF and the former CEO of AIB have in common? They both believe that NAMA will not bring about a flow of credit to the economy. Mr. Eugene Sheehy appeared before the Committee on Finance and the Public Sector, of which I am a member. He stated emphatically that he...

European Central Bank Lending. (3 Feb 2010)

Kieran O'Donnell: ...former chief executive officer of Allied Irish Banks, Mr. Eugene Sheehy, indicated at a meeting of the Oireachtas Committee on Finance and the Public Service before Christmas that AIB may not use NAMA bonds to obtain credit from the ECB. In light of this, is the Minister confident that NAMA will facilitate a flow of credit to small business? Does he expect that the banks will use NAMA...

Banking Crisis: Statements (19 Jan 2010)

Kieran O'Donnell: ...of in establishing a fully accountable public inquiry if he has done nothing wrong. Why is the Government reluctant to establish such an inquiry? There is a view among the public that once the NAMA process is in train, the banks will close the doors behind them, with interest rates increasing and far more severe lending criteria. The public is entitled to a public inquiry. I accept...

Banking Crisis: Statements (19 Jan 2010)

Kieran O'Donnell: ..., and small businesses cannot obtain credit from banks. The outgoing chief executive officer of Allied Irish Banks indicated recently before an Oireachtas committee that the bank would not use the NAMA bonds to provide low-cost credit before going on to suggest that it may or may not do so. Yet this is one of the key points on which the Minister sold the NAMA proposal to the public. If...

Houses of the Oireachtas Commission (Amendment) Bill 2009 [Seanad]: Second Stage (17 Dec 2009)

Kieran O'Donnell: ...the debates, but also about the way we structure Committee Stage in terms of how we group amendments and the order in which we take them. Certainly, there were significant areas of the NAMA legislation that were never properly subject to debate or the scrutiny of the House. What is required here is the amendment tabled by Deputy Bruton. It is all very well to put the audit committee on a...