Results 18,661-18,680 of 26,148 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: Who were these communications with?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: In your report, you say that no bank should fail.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: That was the policy. You said that it did not emanate from the Central Bank. Who made that decision?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: Prior to the guarantee, who made that decision, in the Irish context?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: The Central Bank did not come up with that policy. Who came up with that policy?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: You said specifically in your report that they did not initiate that policy.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: Who initiated it?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: Did it emanate from the Department of Finance? Did it emanate from a political level? Where did it come from? The context I am putting it-----
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: Would you have shared that view? You completed a paper in the summer of 2009, Resolving Ireland's Banking Crisis, where you effectively said that independent observers would state that Anglo Irish Bank was not a systemic bank, yet a couple of months later in the report you did for the Government, you say it was systemic. What in the interim made you change your mind, so that it went from...
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: On mature recollection.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: If the decision had been taken on the night of the guarantee for the Irish Central Bank, through the Irish Governor, to provide emergency liquidity - which it could have done - for a week, and then engage with the ECB and European partners, would the outcome for the Irish public and the Irish taxpayer have been better? Second, regarding the type of guarantee that was put in place, a...
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: I assume that by doing that, the Governor would not have had to put any form of guarantee in place. He would basically have been providing emergency liquidity to Anglo Irish Bank itself.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: Was it in ways a pyrrhic victory going with the blanket guarantee with the taxpayer on the hook for €40 billion? Will Professor Honohan elaborate on that? Was it a self-fulfilling prophecy that the blanket guarantee would store up major problems for and completely-----
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: By whom?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: Professor Honohan is, therefore, saying that the Central Bank at the time in his view should have extended the emergency liquidity to Anglo Irish Bank.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: Does Professor Honohan believe on the basis of his discussions with his ECB partners and the head of the ECB in his role as Governor that they would have positively engaged if they had been contacted by the Government at the time?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: Does Professor Honohan believe that if the Government and officials had approached the ECB, it would have facilitated an orderly wind-down of Anglo Irish Bank, which clearly was insolvent at the time, as well as INBS?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: Does Professor Honohan believe if that engagement had taken place with the ECB, the cost to the taxpayer would have been less than €40 billion that has been incurred?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: Would it be a fair comment to state that the blanket guarantee was a major contributory factor to Ireland having to enter a bailout programme because it stored up problems with banks having to refinance two years later?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: It brought a lot of austerity-----