Results 10,641-10,660 of 26,053 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Page 113, Vol. 2., and it's "1. Go it alone". It's the fourth point down - "Immediate liquidity support from Government is essential".

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Did you as a board direct the CEO and the chair to make contact with Government to get a liquidity support?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: But what I want to know ... this is only three days prior to the guarantee. And when I read this presentation, I don't feel the sense of alarm or a reflection of what the actual perilous position that Anglo was in.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: So what was the prevailing mood?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Were you told by the executive that if you didn't get a liquidity support stream in place that Anglo would go out of business a week later?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: There was no feeling, no view, even though that was the case?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Okay, thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Or not?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Thanks, Chairman. Welcome, Mr. Moran. Can I direct you to Vol. 1, two presentations? One volume page 61, which is Anglo Irish's - sorry, the auditors of Anglo Irish, Ernst and Young's view on the controls in place. And then, subsequently, page 63, Project Legacy which PwC carried out and their review in terms of loan losses, and the disparity between both of those. Can you offer an...

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: What was your role, Mr. Moran? You joined the bank in '02.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: What exactly did you do?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: No but ... distil it down. When you came in in '02, what were you appointed as?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Doing what?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Who did you report to?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: So you were in a finance role?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: And subsequently, you were appointed CFO. Was that correct?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: So you always reported to Willie McAteer?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Okay. So your role was in the finance area?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: Had you any specific area of responsibility under Mr. McAteer?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Kieran O'Donnell: So you reported directly to Willie McAteer? Did you in any way report to the CEO, David Drumm?