Results 10,481-10,500 of 26,053 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Who were you working with at the time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: And in 2001 who were you working with?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: And what were they ... just out of interest, what were the ... how did it arise that you were invited to become chair of the board?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Were you approached by Mr. Fingleton?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: That was the CEO at the time.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: To be ... and that was in 2001.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: So you went on the board in-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: So you were a non-executive director from 1995 until 2000.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: 2001. And how did you come about to become chair thereafter?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: So did you come on the board in 1995 in terms of advance of demutualisation or was it demutualisation from becoming chair?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: And can I ... just two quick questions. What ... who would have been ... when ye were looking to demutualise ... two quick questions, why didn't you demutualise like other bodies where they demutualised, sorry, they went for the five-year period? Why did ye push so hard so that ye could demutualise overnight and who was the intended ... who would you have seen as your intended purchaser ......

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Two very quick questions.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Yes. The pension ... the €27.5 million pension fund of Mr. Fingleton. In 2007, where did the decision come about? Was that a proposal put forward by Mr. Fingleton to the board? Did ye consider it and why did you agree to allow it to be moved off-balance sheet and into the ... under the personal control of Mr. Fingleton?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: That's fine. Just a very tiny question. You've a background in banking. You're a seasoned individual in terms of finance. You were 14 years on the board of Irish Nationwide Building Society. During your tenure as chairman of the board, the commercial loan book went from €3 billion up to nearly €9 billion - the commercial loan book alone. At the end, €5.4 billion...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Do you dispute the €5.4 billion?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Billion, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: You're assuming that the mortgage residential loan book has made no loss.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Correct.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: A deposit book does not bring about losses - profit or losses.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Very little, but go on.