Results 9,981-10,000 of 26,053 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Kieran O'Donnell: Did you see ... did you see-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Kieran O'Donnell: Mr. Gallagher, just a quick question. You spoke about Ireland standing alone.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Kieran O'Donnell: And, two quick questions. Do you believe it's a good idea to make monumental decisions in the middle of the night?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Kieran O'Donnell: If a decision had been taken ... I notice there was a meeting of the ECB the following day, on 1 October - in your statement, page 6 - if €10 billion was being provided by the banks effectively to fund a liquidity position of Anglo, if the decision had been taken to basically cover that liquidity position, and Governor Honohan had brought up the issue in the ECB meeting the following...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Kieran O'Donnell: Once the blanket guarantee was put in place on 30 September-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Kieran O'Donnell: -----by default, basically, the ECB were completely entirely left off the hook in terms of coming up with a solution. So the question-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Kieran O'Donnell: In hindsight, if resolution legislation was available in terms of providing an orderly wind-down of an institution, would it have made a difference on the night?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Kieran O'Donnell: Final question. Was there a letter from yourself to Taoiseach Cowen on 1 October 2008 around the whole situation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Kieran O'Donnell: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Kieran O'Donnell: Thank you, Chairman. Welcome, gentlemen. Was there any reference to the advice given by Mr. Alan Gray earlier to the Department of Finance or by him again when requested to by the Taoiseach during the break in the meeting on the night of the guarantee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Kieran O'Donnell: Okay, can I ... Mr. McCague, can I take you to your statement and, more particularly, point 6 ... and you state: "On Sunday, 28 September, I attended a meeting in the offices of the NTMA". Who were you employed by? Were you employed by the Department or the National Treasury Management Agency?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Kieran O'Donnell: And at that particular meeting ... you finish off by saying that there was: representatives of the Department of Finance, NTMA, the Financial Regulator's office and other advisers. There was further discussion on the loan books of the banks, particularly of Anglo. Following that meeting we continued to progress the draft [nationalisation] Bill. So, at that meeting, what views were given...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Kieran O'Donnell: So was there discussion around that time, and, more particularly, you had discussions on the loan books of the banks, particularly Anglo. Was there a discussion around that time ... two aspects: No. 1, around the solvency of the banks, more particularly Anglo, and was the discussion around that ... were you under the impression that it was still policy to look at putting in place legislation...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Kieran O'Donnell: Merrill Lynch were the advisers for-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Kieran O'Donnell: But, at that particular meeting, were all the parties working on the basis that you were putting legislation in place to give effect to the nationalisation of Anglo and Irish Nationwide?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Kieran O'Donnell: And there was no question of a discussion around the guarantee at that meeting----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Kieran O'Donnell: What was the primary option?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Kieran O'Donnell: What was generally the discussion on the loan books? What was the general tenor of the discussion on the loan books, particularly in Anglo, at that meeting?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Kieran O'Donnell: Mr. Ó Ríordáin, in your statement ... page 3 you say about, paragraph 5.5, and you say ... you speak about giving a perspective, and you say, "Had a bank failed in 2008, there was no bank resolution legislation available to the Government to step in to resolve it in a controlled manner." So the question I suppose I want to ask you, is No. 1, you were brought in a week before...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Kieran O'Donnell: So, so it ... could it be said or not that the mechanism wasn't in place to allow the option of a bank being allowed to fail, that that particular legal measure hadn't been put in place and wasn't an option for consideration?