Results 16,681-16,700 of 26,086 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: Mr. Beausang, from what you've provided us here with the draft press statement, was a guarantee not already decided by Government ... the outline of a guarantee, which was a guarantee for all deposit holders for six months for the six institutions? Was that not already decided by Government?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: Okay. Why not?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: But you had received ... you had received an e-mail from David Doyle, the then general secretary of the Department of Finance, to work with the Government press secretary for the Minister of Finance, Eoin Dorgan, to come up with a statement.

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: And did that reflect what was in that draft-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: Final ... did that reflect ... from the discussions you saw with the Governor and the Taoiseach when you were present in the meeting on the night of the guarantee, did that reflect what you had come across?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: So there was a blanket guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: This is very quick. There was a blanket guarantee-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: Very quickly, Chairman ... it's only one-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: Was a blanket guarantee in place when this draft ... was a blanket guarantee, had it been decided upon when this draft-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: ------guarantee ... statement was drafted?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Thank you. Welcome, Mr. Cardiff. Can you describe the interaction and, in particular, provision of information from the Department of Finance to institutions like the IMF and OECD in the run up to ... running up to publications of IMF and OECD reports in Ireland?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Yes, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Did they ever change ... did they ... did the OECD or the IMF ever change a report for the Department of Finance?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: But was ... was the import of what was in the reports changed?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Okay. Can I move back to page 13 of your statement? And I just want to do a small bit of teasing out on the ... you were asked to produce a draft of the final announcement based on the banks' wording. What time of the night was that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Yes, would you just give me a general outside of the time-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Okay-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: About two o'clock in the morning, roughly.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: And why was it based on the bank's wording? Did you ... had .. was there no wording within the Department itself on the guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: But the decision had been made at that point.