Results 8,521-8,540 of 26,043 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: You were over the loan book, Mr. Gallagher. It was your responsibility. So are you telling us you know absolutely nothing about that €300 billion plus loan by Ulster Bank to the Ballsbridge site, Sean Dunne?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: No, I suppose, the line, really, I want-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: The point, really, I want to get is-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: -----there's a danger here, Chairman, that we've had many people in and they were getting the fool's pardon, that people didn't know what was going on. I think people are entitled to know the process. And you're saying ... and this particular loan, Mr. Gallagher, was of such a magnitude. So I'm trying to find out the process, that how do we read in the media that a loan of this magnitude...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: No, well, Chairman-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: That's-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: I thought that's what I asked actually, Chairman.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: I'm asking, Chairman, because I think that people are entitled to know. We're getting woolly answers and, I suppose, I'd like to ... if you could give us the process, how you assess risk. Do you provide loans where there's no grant of planning in respect of the loans? Would you look for loans that were subject to planning? In this particular case, what we're reading in the media reports,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: No, no, generally, generally.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Generally, can you go through how those parameters would be looked at, Mr. Gallagher?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Where does planning come in?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: That's the last question, really, Chairman. Hypothetically speaking, a site ... buying ... lending a substantial amount of money, of the order of a couple of hundred million, on a site which is for a residential commercial development without planning, would that happen in the normal circumstances within the Ulster Bank that you would have been managing, in terms of the business side?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: 3%?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Thank you.