Results 9,041-9,060 of 26,053 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Kieran O'Donnell: When you went in as regulator in '09, did you do it? Did you codify ... did you codify on the prudential side, did you bring in sanctions on the prudential side?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Kieran O'Donnell: One final question, Chairman. You made reference in one of your earlier contributions where you spoke about that you ... the 100% mortgage and how we react to the 100% mortgage, and you said that ... it was about the capacity to repay. So the question I suppose I'd ask is: would you not take into your thinking that, with 100% mortgage, that you were leaving the borrower far more exposed in...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Kieran O'Donnell: But can I just make a comment?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Kieran O'Donnell: The figures wouldn't bear that out, Ms O'Dea, in that Bank of Ireland were a huge motor of the 100% mortgage, and people on 100% mortgages are in far greater arrears than people on normal mortgages.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Kieran O'Donnell: So would you just comment on that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Kieran O'Donnell: Welcome, Mr. Roux. In comparison to the level of financial reports you've seen in your regulatory career previously, which I ... I think, probably in France, how well do you ... do you ... did the reporting to the Central Bank and, obviously, the Financial Regulator, by the Irish ... by the Irish banks compare?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Kieran O'Donnell: We'll say, I'm talking up to when these changes were made. How would the financial reporting by the Irish banks to the ... of the Central Bank or the Irish Financial Regulator have compared with what you would have seen in France?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Kieran O'Donnell: How was it different? How was the liquidity reporting and obviously the solvency reporting, how was it in France when you were there in comparison to what it was in Ireland when you came here?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Kieran O'Donnell: I suppose Mr. Roux, you brought, you bring an independent voice in this area. Do you believe that the ... looking at it in hindsight, that the level of liquidity reporting in an Irish context from the Irish banks to the Financial Regulator and the Central Bank was of the same standard as the reporting from the French banks to the French regulator?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Kieran O'Donnell: Do you believe that the current liquidity reporting by Irish banks is sufficient?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Kieran O'Donnell: Okay. Can you ... just in a ... obviously a lot of the areas have been covered but I just want, in the French context, because you bring that flair in terms of France, why did France not have the same type of banking crash that Ireland had?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Kieran O'Donnell: How did that manifest itself? What was, what was that crisis born out of? Was it property-related?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Kieran O'Donnell: What lessons were learned in France?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Kieran O'Donnell: What measures did ye bring in at that time that prevented France being, we'll say, open to the financial crash as Ireland was in 2008 and prior?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Kieran O'Donnell: From what, from what your experience in France, are there elements that you would like to see incorporated into the regulation of Irish banks that would provide, I suppose, a further layer of protection from a further banking crisis coming down the road in Ireland?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Kieran O'Donnell: Are you satisfied that the level of on-site supervision in banking is now sufficient?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Kieran O'Donnell: Sorry. It was a logical question.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Kieran O'Donnell: Are you satisfied that there is sufficient-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Kieran O'Donnell: How do you overcome that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Kieran O'Donnell: Thanks, Chairman. After the separation of the Financial Regulator and the Central Bank, the economists were deployed with the Central Bank and they ... the Financial Regulator had access for their purpose. Were there many tasks carried out by the economics section of the Central Bank for the ... for the Financial Regulator and how frequently was this interaction?