Results 7,861-7,880 of 26,043 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Kieran O'Donnell: Could Professor Hardiman deal specifically with the relationships between the banks and government?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Kieran O'Donnell: With regard to good governance, what are the key elements in the Irish context? First, what were the weaknesses in terms of practical key elements? Has progress being made in that area? What would Professor Hardiman like to see?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Kieran O'Donnell: We are here to deal with the banking crisis. What does Professor Hardiman believe has been taking place since the crisis that is positive? What more needs to take place?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Kieran O'Donnell: In summary, in terms of the work of the inquiry, what further institutional reforms does Professor Hardiman believe need to take place to prepare us for another banking crisis that may arise down the road?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Kieran O'Donnell: I welcome Professor Honohan. What was the Governor's motivation in writing the letter received by the committee on 12 February, which was four weeks to the day after his appearance before the inquiry? The Governor appeared before us on the 15 January, four weeks ago to the day. Is this appearance substantive or material to the workings of this inquiry? Was it influenced or driven by anyone...
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Kieran O'Donnell: Did Mr. Doyle contact you directly?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Kieran O'Donnell: Did he contact you on foot of your appearance before the inquiry?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Kieran O'Donnell: Did he believe it was an inaccurate portrayal of his position?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Kieran O'Donnell: You said as well: "My understanding of Mr. Doyle's perceptions of the state of Anglo in September 2008 is based on other previous conversations". When did those conversations take place? What was the content of them?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Kieran O'Donnell: Let us go back to the transcripts. On at least four or five occasions the Governor makes specific reference to having spoken to David Doyle. In questioning by Senator O'Keeffe he said, "I asked the person involved-----
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Kieran O'Donnell: It is on page 148 of the transcript. This refers back to the memo of 25 September 2008, which was completed by Mr. Kevin Cardiff and specifically revolves around the statement: "D Doyle noted that Government would need a good idea of the potential loss exposures within Anglo and INBS - on some assumptions INBS could be 2bn after capital and Anglo could be 81/2." In response your response to...
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Kieran O'Donnell: I am coming at the question. When you finished up with Deputy Doherty, you stated: This minute came to light quite late in the process, but I think I probably spoke to people. We can check with Kevin Cardiff, who was the author of the minute and from whom I would have understood that he too had not really adverted to this. He felt that nobody thought there was a loss. It is worth further...
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Kieran O'Donnell: Did you not consider it? Have you spoken to Mr. Cardiff about this memo? When?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Kieran O'Donnell: No, I have a job to do.
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Kieran O'Donnell: In your most recent discussions with Mr. Doyle what did he confirm about his view on the memo?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Kieran O'Donnell: Sorry. I withdraw that.
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Kieran O'Donnell: Let us go back to the substantive issue of the memo of the 25th, which made reference to potential losses in INBS of €2 billion after capital and potential losses in Anglo Irish Bank of €8.5 billion. Professor, in your professional capacity, if a bank's core tier 1 capital is wiped out, does it indicate a solvency problem?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Kieran O'Donnell: The Merrill Lynch report was e-mailed to Kevin Cardiff on the 29th, the night of the guarantee, at approximately 6.45 p.m. It also stated that Irish Nationwide Building Society, in a worst-case scenario, would have €1.8 billion of a write-off.
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Kieran O'Donnell: Irish Nationwide Building Society had only a core tier 1 capital of €1.4 billion with a write-off of €1.8 billion. It would have completely eliminated it. Anglo Irish Bank had only €7.1 billion of core tier 1 capital, with a potential write-off of €7.5 billion. That is almost identical to what is in the memorandum of 25 September that was completed by Mr. Kevin...
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Kieran O'Donnell: Surely-----