Results 7,401-7,420 of 26,043 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Kieran O'Donnell: I suppose the point I am making, and I do not want to be labouring it because I have limited time, is that they did consider the special resolution.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Kieran O'Donnell: They were tasked with that. It was a critical component.

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?

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Kieran O'Donnell: With due respect to Mr. Nyberg, in Ireland we would call him a wily fox. He is well used to dealing with politicians. It is a very straightforward question because certainly looking at his report and meandering though it, I believe he feels it should have been in place a good year to 18 months prior. That is an opinion.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Kieran O'Donnell: It is a direct question, really, Chairman.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Kieran O'Donnell: A "Yes" or a "No", as a previous colleague said.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Kieran O'Donnell: Can I just ask two very quick questions? They are both interlinked.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Kieran O'Donnell: Could I just put it - on page 7, Mr. Nyberg says that the Government actively supported the market over an extended period against the apparently fairly weak but clear opposition of the Department of Finance, and that was over a six-year period. What did he mean by that statement? Well, tomorrow the committee will talk to Mr. Wright and discuss his report.

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: 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 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?