Results 17,921-17,940 of 26,148 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: And on the final thing in the guarantee - and it's coming from your own memo of AIB, B1, Vol. 1, C3b - if Mr Burrows had not rang you on Monday of 29 September-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: -----what would you have done? What would AIB have done?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: But, yes, Bank of Ireland said that they were going ... they'd go on it solo if you didn't go with them?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: Well, did you feel any compulsion to go to Government on that night, like on that basis?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: Yes, but the Bank of Ireland had rang you to go?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: Can I move on to risk? And when you did your restructuring plan, you said your decision to expand into property was "misguided, and that its risk management and internal government systems were not as effective as they should have been in controlling this risk". Now, I'd a quick look through a couple of things and it's within AIB, B1, Vol. 2 and Vol-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: AIB, B1, Vol. 2.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: At page 11.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: And it's a report that AIB commissioned with Mercer Oliver Wyman.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: And that's dated 22 March 2007, and it says, "Poised on the edge of greatness", from AIB. And then if I go to page 22 of that document, the case study targeting risk taking. Now, this is just over a year before the guarantee, the crash-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: In this, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: Yes. Page ... sorry, it's page 22, so go to page 11 of Mercer Oliver Wyman and then go to page 33.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: Yes, 22 of the document. And you speak about targeting risk-taking.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: Yes, but they obviously presented to the board.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: Okay, so did ye commission them to do this?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: Well, in the amount of time ... did ye commission it as a board? Ye did.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: The management did.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: The case study they put forward is Anglo Irish Bank.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: "Once poor performing subscale bank lacking strategy. Targeted higher risk ... Caught the wave of Irish property ... #1 performer." They were putting that forward as a case study.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: And then the second thing I want to go to is AIB B5, Vol. 1, which is basically-----