Results 7,881-7,900 of 26,043 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Kieran O'Donnell: In Professor Honohan's professional opinion, is it a fair observation that if one received a report stating that a scenario could arise whereby all one's core tier 1 capital would be wiped out, it was a clear indication of a major solvency problem in both Anglo Irish Bank and Irish Nationwide Building Society on the night of the guarantee?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Kieran O'Donnell: Correct.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Kieran O'Donnell: In the limited time I have, Professor Honohan has not changed his mind from his previous appearance before the joint committee that in his view, based on the evidence that was available on the night of the guarantee, Anglo should have been let go.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Kieran O'Donnell: Should Anglo have been nationalised on the night of the guarantee?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Kieran O'Donnell: Does the Merrill Lynch report indicate that on that night, Anglo and Irish Nationwide were both insolvent?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Kieran O'Donnell: Would it indicate that there were major solvency problems with both institutions?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Kieran O'Donnell: In fairness, forcible write-downs?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Kieran O'Donnell: Good?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Kieran O'Donnell: There was enough evidence available on the night of the guarantee, with the Merrill Lynch report forming the backdrop for-----

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Kieran O'Donnell: I will ask the question again.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Kieran O'Donnell: Based on the evidence that was available in the Merrill Lynch report, which formed a basis for discussions on the night of the guarantee, what is Professor Honohan's professional opinion on what should have been done with both Anglo and Irish Nationwide on the night of the guarantee?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Kieran O'Donnell: I thank Professor Honohan.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Kieran O'Donnell: We will have to meet next week.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Kieran O'Donnell: Returning to the Governor's witness statement today, I have two interlinked questions. Is it Professor Honohan's professional opinion that the type of guarantee put in place was such a belt and braces guarantee that it precluded a liquidation taking place quickly in terms of Anglo Irish Bank and Irish Nationwide Building Society?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Kieran O'Donnell: Second, if the then Government had gone with an option of putting emergency liquidity in place, how long would it have been before it and the authorities of the day would have been in a position where they would have been able to make the decision to liquidate Anglo Irish Bank and Irish Nationwide Building Society based on the evidence available? That is the key question.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Kieran O'Donnell: I wish to ask Professor to clarify the position on the question I am asking.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Kieran O'Donnell: It is not. It is the same one.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Kieran O'Donnell: Is it correct to say the type of guarantee put in place ruled out the possibility of liquidation of Anglo Irish Bank and Irish Nationwide Building Society being a tool for the State?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Kieran O'Donnell: The Chairman should just ask me-----

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Kieran O'Donnell: What date is on the letter?