Results 18,721-18,740 of 26,148 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Kieran O'Donnell: I would like the witness to answer me
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Kieran O'Donnell: I will repeat it. It is a very important question. Social partnership worked, in the main, over that period. There were certain issues. Was Mr. Wright scapegoating social partnership in order to overlook the deficiencies within the Department in terms of proper advice?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Kieran O'Donnell: I am putting the question. It is clear that the report is critical of the Department across a range of areas. It is fair to say that there was a lack of any sort of banking expertise within the Department of Finance at the time.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Kieran O'Donnell: Based on that, how can the report state that the Department was fit for purpose?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Kieran O'Donnell: It is clear from Mr. Wright's report that he is not a fan of social partnership. For example, on page 23 he states: [A] very poor budgetary process obscured ministerial and Government accountability to Parliament, and was overwhelmed by other spending processes – Programmes for Government and Social Partnership.On page 25, he goes on to state:Over the ten year period of review, the...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Kieran O'Donnell: Mr. Wright is quite emphatic in his report on this point when he says, "the Budget essentially paid the bills for these dominant processes". On page 28, the report states: Had departmental and ministerial advice to Cabinet at the start of the budgetary cycle been accepted and sustained, Ireland would have been better positioned to deal with the current economic challenges.At the same time,...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Kieran O'Donnell: Mr. Wright is not making that case?
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Kieran O'Donnell: I would not in any way direct Mr. Nyberg on how to answer it but I am of the view that it is a reasonable question.
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Kieran O'Donnell: Did Mr. Nyberg speak to any such individuals in the Department of Finance?
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Kieran O'Donnell: I thank Mr. Nyberg.
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Kieran O'Donnell: In the recent interview with RTE, Mr. Nyberg said a few individuals clearly tried to warn various institutions of what might be coming but they were not listened to. It might be interesting to understand why that was the case. Who was Mr. Nyberg talking about?
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Kieran O'Donnell: I am not talking about specific individuals.
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Kieran O'Donnell: No.
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Kieran O'Donnell: I suppose I am asking for Mr. Nyberg's opinion today.
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Kieran O'Donnell: Warnings from?
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Kieran O'Donnell: Yes.
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Kieran O'Donnell: Does Mr. Nyberg believe there was ample time to put a special resolution mechanism in place from, say----
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Kieran O'Donnell: Effectively it is place now. It is a mechanism in place so that the taxpayer is the last person----
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Kieran O'Donnell: Correct.
- Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)
Kieran O'Donnell: The question really is does Mr. Nyberg believe that there was adequate time to put a mechanism in place?