Results 17,221-17,240 of 26,092 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Kieran O'Donnell: But wasn't there a changeover in 2006?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Kieran O'Donnell: We were told by Mary Burke when she was in that the stress testing up to 2006 was carried out by the Financial Regulator and that the Central Bank stepped in and, under questioning from my colleague, Deputy Phelan, she did agree that, in terms of stress testing of the banks in terms of mortgage lending - residential mortgage lending we'll say - that the supervision department in the regulator...

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Kieran O'Donnell: I'm talking about ... the main one I want is prudential stress testing of the balance sheets of the banks.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Kieran O'Donnell: And prior to 2004?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Kieran O'Donnell: Okay. Can I ... did you in your role as director of prudential, were you on the seventh floor of the building in Dame Street at that time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Kieran O'Donnell: Your colleague, Mary Burke, in her witness statement spoke about the disconnect between the seventh floor and the staff and she said that in a lot of cases that senior banking executives had director contact with senior executives without the knowledge of the supervisory staff. And she said that she tried to rectify that in October '06 but she said it had little or ... it was at it's most it...

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Kieran O'Donnell: I suppose the point I'm making is, is that she stated that it led to undermining the work of the supervision department and more particularly the banks took advantage of it in terms of regulation.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Kieran O'Donnell: Well, I'm trying to be in the time limit.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Kieran O'Donnell: And when you were previous head of the department, did you look for additional resources yourself?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Kieran O'Donnell: Do you believe you were understaffed?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Kieran O'Donnell: Well, I suppose, to finish with, do you believe-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Kieran O'Donnell: Yes. Do you believe that you had a lack of the necessary skill base, both in terms of the quality of personnel, in terms of their experience and their ... and their qualifications, and the quantity of personnel, to properly supervise the banks or was the tail wagging the dog?

Topical Issue Debate: Education and Training Provision (26 May 2015)

Kieran O'Donnell: I thank the Minister for State for taking this debate. I have also raised the matter with the Minister for Education and Skills. I have a number of points to make. The 83 PLC places were allocated within a rural remit, not an urban remit. I know that if these 83 PLC places are transferred to a city setting, many students will not be able to avail of PLC places and may not be able to go on...

Topical Issue Debate: Education and Training Provision (26 May 2015)

Kieran O'Donnell: It is a matter of striking the right balance.

Topical Issue Debate: Education and Training Provision (26 May 2015)

Kieran O'Donnell: I thank the Ceann Comhairle for the chance to raise this very important issue. It involves East Limerick Centre for Further Education and Training in Cappamore in County Limerick, an area I represent as a Deputy. The Limerick and Clare Education and Training Board recently informed the college that it is seeking to cease offering 83 post-leaving certificate, PLC, places for students for the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Kieran O'Donnell: Thanks, Chairman. Mr. Hurley, did you judge the IMF country reports and the OECD reports as an important information instrument to weighting banking regulation, banking supervision and financial stability issues ... and how big of an influence were they on you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Kieran O'Donnell: Okay. And how much were they an influence on you in your financial stability reports?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Kieran O'Donnell: Can I refer you back to the questioning earlier this morning on the letter of the ... that you have, of 7 March from the Financial Regulator ... in connection with ... to an institution, okay ... in connection with liquidity risk? And it speaks about ... that the particular institution "has no access to ECB monetary operations, has not been accessing the wholesale markets for funding in...

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Kieran O'Donnell: The basis really is that I asked you a question at the time about the liquidity situation at the banks. I said that the liquidity situation in the banks had actually fallen in terms of their access to ECB funding. You said:Our understanding of the liquidity situation in terms of the Irish financial institutions is that there has not been a reduction in the overall level of lending being...

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Kieran O'Donnell: Following on from that, on 9 July there is an e-mail, on page 212 of Vol. 1, in which you make reference ... it's an e-mail from the Central Bank to, I think, the Department of Finance where you wish to speak about the special resolution regime and you said, "Irish banks also have full access to the funding facilities of the ECB, which accepts a much broader range of collateral than many...