Results 10,301-10,320 of 26,053 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Kieran O'Donnell: Contracts for difference was a major issue for Anglo at the time.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Kieran O'Donnell: No, no, but I-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Kieran O'Donnell: But that was all happening around the time of Druids Glen?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Kieran O'Donnell: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Kieran O'Donnell: You mentioned in your presentation today, you said that, "I'm not blameless."

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Kieran O'Donnell: And you spoke about that ... genuinely you regret?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Kieran O'Donnell: So what do you feel you were not blameless about in terms of the context of Anglo? And what do you genuinely regret in terms of your period as being on the board of Anglo Irish Bank from '02 to '08?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Kieran O'Donnell: Thank you, Chairman. Welcome, Mr. Aynsley and Mr. Dukes. Apologies for the delay. How did Anglo - this is for you, Mr. Aynsley - how did Anglo's culture and governance structures compare with other financial institutions with which you would have been previously associated? How did it differ?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Kieran O'Donnell: Well, if you were, we'll say-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Kieran O'Donnell: -----if you were to distil it down, we'll say-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Kieran O'Donnell: -----Anglo's loan book-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Kieran O'Donnell: -----between 2004 and 2007 went up threefold.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Kieran O'Donnell: No, it's not mine.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Kieran O'Donnell: And what's ... if you were to identify what were the weaknesses within this structure - the governance structures, the processing structures within Anglo - that gave rise to-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Kieran O'Donnell: -----that level of growth in ... in ... in purely property-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Kieran O'Donnell: -----based-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Kieran O'Donnell: So were they going in different directions?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Kieran O'Donnell: Was growth going up and risk effectively-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Kieran O'Donnell: So was it all based ... was it predominantly based around capital growth?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Kieran O'Donnell: When I say capital ... the growth in asset value, was there-----