Results 9,021-9,040 of 26,053 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: Yes, final. Was there any ... over the years in which you both prudential regulator ... prudential director and the regulator was there ever a situation where you said there was a problem with the banks, that you felt there was a problem with the banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: When did you realise there was a solvency problem?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: From your perspective?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: As regulator, when did you believe, when did you come to the view that there was a solvency problem? When, as the regulator?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: You said post your ... post your leaving in 2009?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: Of '08?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: No, no.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: No, no, it's fine, Chairman.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: What changes did you implement in 2009 to ensure appropriate action was taken against the banks for breaching regulations?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: And I ... just for a point of clarification, what administrative sanctions were at the disposal of the regulator against the banks for breach of guidelines, for breach of regulations? Because there's an area of confusion around this. So can you just, on the record, what administrative sanctions were available to the regulator?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: And were those administrative, we'll say, sanctions, were they just around consumer protection? What about, we'll say, prudential lending? About, we'll say, breach of guidelines, where effectively that they could only, we'll say, up to 200%, 250% in terms of ... within any category of loans?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: And how would they have been codified?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: By whom?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: By whom?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: So it was open to the regulator from 2005 on to basically bring in sanctions against banks that were breaching growth in property lending, if they wished?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: But it wasn't taken?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: And was this-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: Why did you decide then, on the consumer director side, to effectively codify these guidelines so that you could actually bring in ... impose sanctions?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: In the limited time I have-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: -----is it fair to ... from 2005 on, the two sides of the house of the Financial Regulator, one does consumer protection, and one's prudential lending. The consumer protection had sanctions, had codified the guidelines into enforceable sanctions, whereas on the prudential side that had not happened, yet the option was open to do it?