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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)

Kieran O'Donnell: That is a good system.

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Kieran O'Donnell: When he referred to "AIB" did he mean Anglo Irish Bank or Allied Irish Bank?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Kieran O'Donnell: I welcome Professor Kane and I hope he enjoys his stay in Ireland. On page 9 of his presentation he states: With each successive recession, more benefit is extracted by too-big-to-fail institutions. These patterns ought to be observable in the Irish scene as well. I fear that far greater and more-dangerous benefit flows will emerge in the next crisis. Do we need to move towards a...

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Kieran O'Donnell: I am asking whether it is practical.

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Kieran O'Donnell: From what Professor Kane knows of the Irish situation, and he referred earlier to Anglo Irish Bank, which was nationalised on the backs of the Irish taxpayer, in terms of structures, what could have been done to save the Irish taxpayer money and how early should it have been done in terms of knowing when a bank is insolvent?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Kieran O'Donnell: I accept that.

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Kieran O'Donnell: When Professor Kane refers to a bank that is growing rapidly, what benchmark would he use to define that growth?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Kieran O'Donnell: The bank would have fitted into that category.

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Kieran O'Donnell: If one has a situation where one sees an institution that is expanding at such a rapid rate, what are the practical means that the regulator and the State should do at that point in time?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Kieran O'Donnell: Am I correct when I say that Professor Kane believes that the regulation system should be such that it can step in prior to the bank becoming insolvent to stabilise the situation on behalf of the taxpayer?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Kieran O'Donnell: It may not be what would be termed a financial technical measure of insolvency, but Professor Kane's view is that if a bank can only function based on the implicit guarantee from the State-----

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Kieran O'Donnell: It is a zombie bank.

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Kieran O'Donnell: The taxpayer needs to move in?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Kieran O'Donnell: That links in. When does Professor Kane think the next crisis will emerge?

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: Discussion (29 Jan 2015)

Kieran O'Donnell: I wish to speak on connectivity. Am I correct in saying that if IAG and Aer Lingus were to join up, combined they would have approximately 21 Heathrow slots out of Dublin, 13 of which would be with Aer Lingus at peak and eight of which would be with British Airways? This would give them a virtual monopoly on the Heathrow-Dublin route. What view do the delegates think the competition...

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: Discussion (29 Jan 2015)

Kieran O'Donnell: I am happy to be corrected.

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: Discussion (29 Jan 2015)

Kieran O'Donnell: Will they go to a competitor or will the airline, IAG, be able to switch them to a different route through Heathrow?

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: Discussion (29 Jan 2015)

Kieran O'Donnell: Currently, in terms of connectivity, there are 23 slots used in and out of Ireland through Heathrow. If such an alliance were to take place, what would be the number of slots in terms of Heathrow connectivity through Ireland?

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: Discussion (29 Jan 2015)

Kieran O'Donnell: The IAG group would therefore not be required by the competition authority to sell those slots.

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: Discussion (29 Jan 2015)

Kieran O'Donnell: Does Mr. Cullen see any implications, whether positive or negative, of an alliance between IAG and Aer Lingus on the daily transatlantic flights from Shannon to New York and Boston?

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