Results 10,681-10,700 of 26,053 for speaker:Kieran O'Donnell

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

Kieran O'Donnell: Were they other banks?

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

Kieran O'Donnell: And if you were a counterparty providing that access to funding for the person investing in a contract for difference, would you have been aware of what shares they were doing the contracts for difference with?

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

Kieran O'Donnell: And did you feel ... did Anglo Irish feel compelled to move immediately to close off control of the-----

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

Kieran O'Donnell: I think it's a critical point, Chairman.

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

Kieran O'Donnell: No but it's a complicated area that has huge significance in terms of Anglo-----

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

Kieran O'Donnell: Well, I suppose the question I want to ask is did Anglo Irish feel compelled to move to take control of the contracts for difference, that the implications were so broad for the bank in terms of liquidity and share price that they had to move?

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

Kieran O'Donnell: Finally, did the Financial Regulator ... is it your view that they were fully informed of all aspects of the contracts for difference once it came to your ... once it came to Anglo's notice? And did they approve all the actions that ye took in terms of taking control of the contracts for difference?

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

Kieran O'Donnell: Then the contact was through ... the contact to the Financial Regulator was through?

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

Kieran O'Donnell: And do you know who they were, the other members of the board?

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

Kieran O'Donnell: 16.15. Sorry, 6.15.

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

Kieran O'Donnell: 16.50.

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

Kieran O'Donnell: Chairman, can I ask a short question?

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

Kieran O'Donnell: Yes, very brief. What is the difference in time period between the average wholesale funding term and the mortgage term? When you were going for wholesale funding, give me the difference in the time period? On average, how long was the wholesale funding?

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

Kieran O'Donnell: Fine.

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

Kieran O'Donnell: On average, what was the wholesale funding - for what term?

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

Kieran O'Donnell: Typical. Right, go on.

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

Kieran O'Donnell: Six to seven.

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

Kieran O'Donnell: My final question is as follows. When did Irish Life and Permanent first begin to lose money on tracker mortgages in your experience? In what year?

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

Kieran O'Donnell: That is where I want to.

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

Kieran O'Donnell: Thank you.