Results 9,241-9,260 of 26,053 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: You've made reference to everyone else stating that the banks were solvent on the night. Do you believe, based on ... do you believe that the banks were solvent on the night of the guarantee? And, more particularly, I want to draw reference to a ... a memorandum from the 25th, page 27, where you say "D Doyle noted that Government would need a good idea of the potential loss exposures within...

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: Yes. Well I-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: Well, can-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: That posed that question?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: What question would you have posed, do you believe?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: But I'm-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: Well-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: Mr. Doyle, you would have read the Merrill Lynch document that I've quoted from, which ... with the memorandum-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: -----and-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: Page 114.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: Yes, but, sure, Merrill Lynch was saying that as well.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: Merrill Lynch are saying that'd wipe out all the reserves.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: Oh right. Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: Well then, taking-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: Well, then, taking all factors into account - obviously the limited time - do you believe Anglo and Irish Nationwide were solvent on the night?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: What did you think on the night? You were general secretary of the Department of Finance at the time.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: You have given, I suppose ... I want to get through a couple of areas Mr. Doyle and you've given, your basic point is you're saying that you had serious concerns about the solvency of Anglo and Irish Nationwide in terms of the way the liquidity was-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: You'd appreciate I want to cover a number of areas Mr. Doyle and I appreciate you want to-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: Okay. In terms of your role as general secretary of the Department, what advice did you give to the Minister for Finance and the Taoiseach leading up to the blanket guarantee being put in place? What advice did you give to them that you felt should be put in place in terms of the guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: Did you consider the nationalisation of Anglo and Irish Nationwide in terms of the options you put to Government?