Results 9,121-9,140 of 26,053 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: And where ... and how did ... how ... what was the outcome of that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: So you're saying the financial construct under which the new bank regulatory system was set up in '03 was flawed from day one?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: Had you an office on the seventh floor?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: Right.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: But you made it ... you made it to the seventh floor?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: Why not?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: And was that your ... your ... in your statement you make reference to the fact that the board was relying on the executive in terms of banking expertise. Should the regulator, in terms of the ... executive, have looked more closely at how loans were being granted by the banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: And at the time did you make that known to the CEO of the financial regulatory authority?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: You have made reference in your statement ... that there was no one on the board of the Financial Regulator with any banking expertise. Now, you were ... you were appointed as interim chair back in April 2002.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: So how did you allow a situation to develop where you had no one on the board of the financial regulatory authority, the section of the new ... which was set up specifically to regulate the banks, with ... it would be basically like having a restaurant with no chef?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: Correct. But, sure, that's what the Financial Regulator ... was a key component of it.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: So you were there from the start.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: So why did you not insist on people being on the board with, with bank regulation experience?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: Correct.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: Who was the Minister at the time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: Right. And?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: What was the outcome of those discussions? What-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: What did Mr. McCreevy say to you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: So, you were ignored?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: And why, if you were ignored, if you felt so strongly about it, why did you proceed to take up position as chair?