Results 9,501-9,520 of 26,053 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Sorry, apologies, Chairman. Apologies. Well then, can I just go back. Was the NAMA-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Okay, Chairman, stop ... well, no, I will run out of time, so I'll ask you the question, then you can respond.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: The lead up to that, if NAMA had not been established, and if the haircuts weren't double what they were expected to be in NAMA, was NAMA the lightening rod for the international markets to look in and say, "Ireland as a country cannot afford to bail out the banks to the level that it's expected to be bailing them out."? It made our bond yields go through the roof and it precipitated us...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: -----declaration, was ... was there-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: In the context of changes required, how exactly are contrarian views, if any, now considered and incorporated by the Central Bank? And what reflections do you have and what actions do you now take in reference to contrarian views expressed? Can you give some examples?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: I might give one example of my own. You can feed it in. Morgan Kelly, when he wrote a piece, a good, I think, colleague, on 7 May 2011 in The Irish Times, he basically spoke about, "[And so] the Honohan Doctrine that bank losses could and should be repaid by Irish taxpayers ran its predictable course with the financial collapse and international bailout of the Irish State." So how did you...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: In what way?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Can I ... just one point of clarification just around that whole bailout. The letter that came from Trichet to Lenihan on 15-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Can I just go back to the point ... the letter that went ... it's just to get full clarification, the letter that came from Trichet to Lenihan on 15 October made no reference to applying for a bailout.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: So ... and then suddenly, just over a month later, 19 November, they're being asked to apply for a bailout. And in that period, ELA ... the funding for banks jumped by nearly ... it went from €62 billion up to €109 billion. It was nearly 76% of a jump, which is €47 billion. So the question, really, I want to ask was that ... what was the key factors that ... that...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Which letter was that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: So you were consulted on that letter?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: And when you came out on the "Morning Ireland", who was your audience, who were you speaking to?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: So the main reason you came out was you were worried about the run on the banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: That was the key reason you came out?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: And reflecting back, you're shortly in the departure lounge, reflecting back, how do you feel your term as Governor went? What were the high points, the low points and what would you have done differently?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: And the final question is, a fundamental issue really. One of the key issues that happened in the whole crisis was that you had very large borrowers with loans across institutions, which each institution wasn't aware of. How can we ensure that that doesn't happen again?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: Welcome, Ms. Nolan. In January 2009 a meeting with the Department of Finance, the Central Bank and Financial Regulator and the NTMA took place to discuss the nationalisation of Anglo. And this is coming from Vol. 1, page 37 to 52, and Vol. 1, page 55 to 57.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: No, your own.