Results 9,341-9,360 of 26,228 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: But how long were you discussing that? When the banks came in, was there copies made of the document they'd provided?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: How many copies?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: So, therefore, there was a number ... so there ... that document ... and was that document a handwritten document or a typed document?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: And how ... and when you came back in-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: But why wasn't it picked up in terms of the due diligence and discussions prior to you being handed this bank wording? Why wasn't it picked up?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: But you were given the banks' wording-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: But you were working up there wording, Mr. Cardiff-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: In the limited time I have, you were given their wording, which was the only document you were given to draft an announcement. In that wording, was effectively an open-ended guarantee to the banks for ... for all current-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Yes, yes. But the question, I suppose, I am posing is ... the National Treasury Management Agency, Brendan McDonagh, was below in a room. He was your special adviser, special banking advisers. Why wasn't he brought into the room to actually have a look at this document that was provided by the banks that formed the basis of an announcement?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: He says he's ... the only time ... in his evidence to us ... the only time he was in any way consulted was at the very end of the night to ask were subsidiaries of the banks to be included in the guarantee - the external subsidiaries to be included.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Okay-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Can I just move on? Why did you put forward that Anglo and Irish Nationwide should be nationalised on the night of the guarantee? What was your basis for that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: And were both Merrill Lynch and NTMA advising that Anglo and Irish Nationwide should be nationalised?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: She told me not to ask the first one. Sorry please yes. Sorry Chair.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: This is a very, very important point for me.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Yes, fine. Apart from yourself and Minister Brian Lenihan, the late Minister, Brian Lenihan, was there anyone else in favour of the nationalisation of Anglo and Irish Nationwide on the night in the room?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Just you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Mr. Moran, can I just follow up ... you made a reference earlier in terms of IBRC that when you came in that there was a change, you decided to propose to the Government that there would be change in the mandate of IBRC, which had previously to continue as a going concern. What was the change in mandate and when did you put that proposal and how did that manifest itself?