Results 17,561-17,580 of 26,097 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Mr. McLaughlin, was there groupthink? Was there groupthink amongst the banks? Because I don't see any great difference between what the economists have said here.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Yes-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: But, with due respect, Mr. McLaughlin, it was against the backdrop of nearly 90,000 units being built in 2006, With due respect was it not built in quicksand of the property structure in Ireland?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Was it not built in quicksand? Your forecasts were built significantly around construction in Ireland.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: In such limited time, I mean was there not a solvency issue as well, with due respect, Mr. McLaughlin, at the time in the banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Mr. Beggs and Mr. McArdle, in the limited time I have.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: In due respect, I've limited time. Why did you say there would be a soft landing?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: And very quickly, and your view on Morgan Kelly's piece?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Which turned out to be correct. Mr. McArdle, can you give me your view? Why did you, on the 14 July '07, on page 55 of the document here, say that there would be ... remain confident of a soft landing next year?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Why did you believe it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Why?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: We all go over the ... sorry go on.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: I'm not surprised, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Can I ... final question for the three of you. What was your assessment on the night of the guarantee - and just following up from Mr. McLaughlin's - on the solvency ... the liquidity and the solvency situation for your individual banks? And what would have been your interaction with top management in your own institutions? Mr. McLaughlin.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Well, I suppose, in the limited time, what was your view in terms of liquidity and solvency of Bank ... of Bank of Ireland?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Liquidity, obviously?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: AIB, Mr. Beggs? Both liquidity and solvency?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: You had no issue with solvency with AIB?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Mr. McArdle?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: And, finally, the modelling that ye had in terms of forecasting, where were they deficient and what would you have done differently if you were back there again, Mr. McLaughlin, just very quickly?