Results 8,661-8,680 of 26,050 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Kieran O'Donnell: Thank you, Chairman. Mr. Burrows and Mr. Crowley, welcome. Can I go to document Bank of Ireland - Vol. 1, B2, and the page I'm looking at is page 89. It's effectively to do with stress testing. It's dated 3 April 2006, addressed to Mr. Liam Barron, who was with the Central Bank. And the question I suppose I want to ask is that your sensitivity analysis appears to have very much revolved...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Kieran O'Donnell: I suppose reading the document, Mr. Burrows, the document speaks about fresh raising of capital and not about-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Kieran O'Donnell: Okay, ye didn't. Why not?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Kieran O'Donnell: Okay. And what ... in the worst case scenarios, what level of ... of, we'll say, deterioration in the price of property would ye have looked at?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Kieran O'Donnell: Okay. And do you feel you stressed up across a number of ... broad range of the type of loans and also factoring in how you were financing it through increasingly wholesale funding?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Kieran O'Donnell: Can I just go back .... on the area around the guarantee and I want to just go to Vol. 1, BOI ...1 ... CB ... C3b ... and, more particularly ... which is new evidence today, which is that you had a meeting with the former Governor of Central Bank, John Hurley, on the day before the guarantee. When did that meeting actually take place, Mr. Burrows?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Kieran O'Donnell: That was pre-arranged to look at-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Kieran O'Donnell: On the basis, you made reference in the documentation that it was about collateral from the ECB, the type of collateral. Did you have concerns around liquidity, was that the reason for the meeting?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Kieran O'Donnell: Mr. Hurley, in his note to you, page 4 of this document, says that he had done all he could to achieve a change in the ECB rules. The question is had you problems with liquidity, was that the specific reason for that particular meeting with Mr. Hurley?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Kieran O'Donnell: When you broached the issue of Anglo with Mr. Hurley, can you just give me what his response was and how did you view his response?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Kieran O'Donnell: Had he any knowledge of the Anglo situation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Kieran O'Donnell: What exactly did he tell you, Mr. Burrows?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Kieran O'Donnell: When he said there was nothing he could do, why did he say there was nothing he could do?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Kieran O'Donnell: So were you surprised with the response, Mr. Burrows?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Kieran O'Donnell: Do you think that, in your view, what else could have been discussed with Mr. Hurley that Mr. Hurley could have ... what approach would you have expected Mr. Hurley to proceed with?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Kieran O'Donnell: That's what triggered your approach to Government?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Kieran O'Donnell: And your approach to AIB?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Kieran O'Donnell: Can I just go to the minutes of 29 September, page 19. These minutes were prepared by an L. Clooney. Can you just clarify one thing for me, would these minutes have been circulated Mr. Burrows?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Kieran O'Donnell: Page 19. What I am more interested in Mr. Burrows, is paragraph 3 - Government Guarantee and AOB, any other business. So the question is would these minutes have been circulated?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Kieran O'Donnell: They were not circulated to you. Even though you were at the meeting?