Results 7,501-7,520 of 26,043 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: When Mr. Regling says that no-one was really in charge, who is he talking about? Is he talking about the political establishment, the regulators or the banks, or is he saying that everyone was to blame in terms of the institutions, including the Government and the political system?
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: To take up that point that was just made, in the context of the type of guarantee that was put in place, which was a two-year guarantee that brought about a funding cliff for the banks two years afterwards in September 2010, Professor Lane said that the Government ensured solvency. I would not agree with that statement because the fact is that the banks themselves are either solvent or...
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: With due respect, Professor Lane, we clearly now know-----
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: I am sorry.
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: With hindsight, is it a fair comment to make that at the time of the guarantee being put in place, both Anglo Irish Bank and the Irish Nationwide Building Society were insolvent?
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: The point I am making is that one of Professor Lane's areas of expertise is in European monetary union policy. Is it a fact that the ECB was sending funding directly to the banks? It was not extending funding to the Irish Government, but to the banks. Was there not a duty of care on the ECB? As Professor Lane is probably well aware, ELA funding cannot be extended if the banks are insolvent.
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: Professor Lane's area of expertise is European monetary policy.
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: So, if the ECB was extending ELA funding-----
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: It extends that funding under the umbrella of the European Central Bank.
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: In Professor Lane's opinion as an expert in this area, if we were applying standards to the Irish Central Bank in terms of regulation of the banks, would the ECB under its governance rules have been required to do due diligence and check that the banks were solvent before, in effect, agreeing to ELA funding being put into them?
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: I have just one final question.
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: Let us go back. As a committee, it is obviously of interest that Brian Lenihan is no longer with us. Professor Lane was party to discussions with Brian Lenihan and the current Governor, Professor Honohan, in the summer and December of 2008. Am I correct in that?
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: Going back to Professor Lane's June 2008 meeting-----
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: I will be brief. At that meeting, what was the subject of discussion?
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: Who looked for the meeting?
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: Did the former Minister look for the meeting with Professors Lane and Honohan-----
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: -----or did they look for it? He looked for the meeting with them.
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: Was banking discussed at all?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Kieran O'Donnell: There are a lot of good features here but I want to clarify one point. Currently under the appeals system, if someone is taking an appeal, do they have to pay the tax up front?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Kieran O'Donnell: The fact that the Appeal Commissioners have to report annually to the Houses of the Oireachtas is a very good feature and is to be welcomed. Why, though, are appeal hearings taking so long? The question here is whether this is about revenue collection or transparency - that cuts to the heart of it. There could be a small sole trader in business, under enormous pressure, with a practitioner...