Results 9,521-9,540 of 26,053 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: Ms. Nolan, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: Fifty-two, and then following on to 55 to ... 37 to 52, about the recapitalisation of Anglo. At 55 to 57, about the nationalisation of Anglo.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: So please comment on what occurred between 8 January 2009, which is page 37 to 52, when the Government ... Irish Government formally notified the European Commission that they would be recapitalising Anglo to ... on 15 January, just over a week later, when you announced ... when the Government announced they would be nationalising Anglo instead. What led to the change of decision and what...

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: What date was that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: To do due diligence on Anglo.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: What date would that have gone to the European Commission, Ms. Nolan?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: 14 January.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: So, therefore, this-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: But you had a letter going to the European Commission-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: -----on 14 January-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: -----so why didn't you hold off until 15 January to write to the European Commission? It's only a day later. Why do we have a situation where you were recapitalising on the 14th and a day later you were nationalising?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: You would have been in charge at the time, would have been ... you would have been over that section, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: Why didn't ye-----?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: Why didn't ye get onto Arthur Cox and say we needed due diligence back before the 14th? It's only a day of a difference.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: So a day-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: But ... so you were required to file with the European Commission on the 14th?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: And the due diligence from Arthur Cox came back a day later?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: Yes, but the perception was out there that, effectively, you were going to recapitalise Anglo rather than-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: -----rather than nationalise Anglo.