Results 8,261-8,280 of 26,043 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: Can I just ... the final question I want ... you were a member of the group board from what period?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: Was risk ever discussed at the board level?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: And was it discussed in terms of the exposure to property?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: Did you make your views known on it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: How ... for the ordinary person looking in, Mr. Forde, how can you justify that statement?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: Well, with due respect, right, it's very easy to say that "I'm sorry and it shouldn't have happened". The bottom line here is that the Irish taxpayer ended up putting €20 billion into AIB. I believe that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: No, no, I am making a point.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: I want to know why you didn't raise this issue. How can you justify not raising an issue when the loan portfolio-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: Can you go through between the period of '02 and, we'll say, '09 ... or '08?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: The question is, when the loan portfolio went up so dramatically, are you saying to me that during that entire period you never ... it never arose ... discussed ... raised the issue of the exposure on risk with the loan portfolio under your direction?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: Thanks very much, Chairman. Welcome to Mr. Buckley and Mr. Sheehy. Mr. Buckley, can I just ask a question of your time? During your tenure, like a number of major control issues arose and you mentioned Rusnak, Faldor and the foreign exchange, the incorrect interest charges for offshore accounts. How would you reconcile that with the governance standards that you would have outlined...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: How would you explain that these three scandals arose at the time they were reported as such, arose in a ... over a two year period?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: On that point, like, the Rusnak came to prominence in '02, Faldor case in '03, the foreign exchange rate setting came in '04.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: So I mean, I suppose to borrow an Oscar Wilde phrase, for one to happen would be unfortunate, two is careless. So clearly people were not taking account of the investigations that were going on in the other areas. So how do you finally account for that? And you might also explain to me as well in terms of property lending, that during your tenure, post '04, so '04 and '05, you had an...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: And that's significantly higher than your two main competitors at the time, Bank of Ireland, which was 24% and 23%, half of that amount virtually, and Anglo were at a figure of 35% and 38%. So you might explain how we have these sequence of events whereby you had these various defrauding of customers happening and, at the same time, '04 and '05, you had this rapid explosion in property...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: Could you move on to the loans then?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: You were significantly ahead of your competitors.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: Was it endemic in the culture of AIB?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: Can I just move on to Mr. Sheehy? Just on the whole issue, I am taking the property side. You would have very much breached the prudential lending limits in July '06. How do you reconcile that, because you were effectively, by the end of 2006 you were breaching these limits significantly and by 2008 you were way ahead. You were ... effectively, you could have about 250% of own funds in...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: It is B2, Vol. 1, page 6.