Results 9,901-9,920 of 26,053 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: In its entirety?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: Well, in the limited time I have-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: -----what would you say were the two key things, differences that you brought in and their impact?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: Can I go back to just your role pre the crisis with the banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: Would you describe yourself as very much a hands-on type of CEO?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: And were you representing the collective interest of the banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: Okay. Was there ... did you appear before an Oireachtas finance committee in July '08 - and I remember it because I was on the committee at the time - about the issue of the drying up of credit for the SME sector? That was the specific issue. Did you pre the night of the bank guarantee, consult with your member in terms of how they were doing, in terms of their liquidity requirements?...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: Contact. The question of ... you're saying that you had no knowledge on the night of the guarantee. You were in in July '08. You were fully aware there was a problem with liquidity. You were representing the collective interests of the banks. Did you have any meetings or consultations with your members prior to the guarantee about the difficulties they were having? And did that lead, in...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: Was there any meeting where the banks would have come to you pre the guarantee and said, "We've a problem here, Mr. Farrell; we need you to represent to Government the difficulties we're undergoing", in your representation role?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: Would you have been making the Minister for Finance known, or the Taoiseach known, about the difficulties the banks were undergoing, pre the guarantee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: Do you think you should have in your representational role?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: So you, your represent-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: But in your representational role as CEO of the Irish Banking Federation, you would have not had any meetings with Government, in any shape or form or effort, pre the guarantee about difficulties the banks were under?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: Can I ask you just a very quick question and going back to your time in EBS and the SSIA accounts - EBS were the forerunners of those. Were you involved in any way in terms of putting forward a case to Minister McCreevy as to EBS, the type of policy, SSIA products they put in place?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: And you, in your role in the banking federation and so forth, do you in any way see did the SSIA accounts gave rise to a situation where the banks got increased deposits, and were effectively subsidised by the Irish taxpayer to the tune of 25% interest on top, sorry, 25% of the capital sum on top by way of a payment, and that allowed the banks to increase their loan-to-deposit ratios, and...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: They gave the banks the deposits to be able to-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: No, did it boost the deposit base on the balance sheets of the banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: The loans-to-deposit ratios went higher ... sorry.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: And property lending.