Results 7,721-7,740 of 26,043 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Kieran O'Donnell: Could we have had a soft landing?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Kieran O'Donnell: I will move on to Dr. Donovan's book. There is a reference on page 9 to the bank guarantee. The book by Dr. Donovan and Mr. Murphy deals extensively with the bank guarantee.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Kieran O'Donnell: I am referencing page 9 in the statement, but it is in the book as well. Dr. Donovan stated, "Contrary perhaps to what is sometimes said, it appears from this table that the coverage of the Irish guarantee was not that radically different from that contained in several other earlier guarantees". Then, subsequently, in an article in The Irish Timeson 5 October, Dr. Donovan said that the...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Kieran O'Donnell: They are all interrelated.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Kieran O'Donnell: This is my last point.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Kieran O'Donnell: In the book on the late Brian Lenihan, Dr. Donovan referred to Professor Honohan. If Timothy Geithner had not objected to the burning of bondholders, would Europe have proceeded to burn them and would this have been of benefit to Ireland?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Kieran O'Donnell: I was quoting directly from the book.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Kieran O'Donnell: The report which Dr. Donovan was involved in compiling references Professor Honohan. The latter appeared before the inquiry recently and expressed the view that the possibility of allowing Anglo to fail should have been considered. Is Dr. Donovan of the view that the Financial Regulator and the authorities should have been aware that Anglo was insolvent on the night the guarantee was introduced?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Kieran O'Donnell: In Dr. Donovan's view - knowing all the facts - would it have been reasonable for the authorities to have been aware that Anglo was insolvent on the night the guarantee was introduced?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Kieran O'Donnell: Dr. Donovan indicated that he felt Anglo Irish Bank should not have been allowed to fail and he referenced the report of Professor Honohan and his team, of which he was a member. Professor Honohan has subsequently come before this committee and has stated that in his view, there should have been strong consideration of allowing Anglo Irish Bank to fail.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Kieran O'Donnell: He said his view was -----
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Kieran O'Donnell: Let me put it another way, Professor Honohan said allowing Anglo Irish Bank to fail should have been considered in the context of discussions with Europe and it would have effectively been delayed for a week, in terms of ELF funding being provided to Anglo Irish Bank. My question is whether Dr. Donovan believes on the night of the guarantee it would have been reasonable that the authorities...
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Kieran O'Donnell: I take up that point. Professor Connor provided a table on page 14 of his document which sets out the share of the aggregate balance sheet of the local banks. It is fair looking at it that the only institution that had an increase in the share of the aggregate balance sheet was Anglo. Taking up Professor Connor's point there about the banks, is it fair to say looking at that figure that...
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Kieran O'Donnell: I said "Or not".
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Kieran O'Donnell: Can Professor Connor comment?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Kieran O'Donnell: I note Professor Connor's testimony. Can he comment on the profile of the schedule he has given which shows that Anglo Irish Bank was the only bank to increase its share of the aggregate balance sheet between 2000 and 2008?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Kieran O'Donnell: All the others were reducing.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Kieran O'Donnell: Were the banks following the bank Professor Connor identified, namely, Anglo?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Kieran O'Donnell: Professor Connor produced the paper "Sliding Doors Cost Measurement: The Net Economic Cost of Lax Regulation of the Irish Banking Sector" with Brian O'Kelly. In hindsight, at what point should the Financial Regulator have moved and put controls in place to prevent the growth in property development and inflows of foreign debt?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Kieran O'Donnell: In property or debt inflows?