Results 10,861-10,880 of 26,053 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Kieran O'Donnell: Why did you leave Anglo?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Kieran O'Donnell: What do you mean by your race was run?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Kieran O'Donnell: Would you accept, Mr. Browne, that during your period as managing director of lending in Ireland, that was the rapid escalation in property lending within Anglo?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Kieran O'Donnell: But it happened under your watch.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Kieran O'Donnell: Will you expand, then, in terms of your leaving ... the reasons you left? So, you said your race was run, you went for the top job in '04. Subsequently?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Kieran O'Donnell: There wasn't in any way ... like it's circumstantial that you left a relatively short time before the Patrick's Day massacre in terms of share price in Anglo.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Kieran O'Donnell: Can I just refer, very briefly, to the Anglo Irish ... Anglo Republic... and you made reference in your opening statement that you were not made aware of the contracts for difference. You said "I was not made aware. Other directors were." I'd just refer to page 108 of it, where it's "Gary McGann, chief executive of paper and packaging group Smurfit ... and a non-executive director at...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Kieran O'Donnell: Do you remember that issue coming up at the board at that time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Kieran O'Donnell: Was that from February onwards?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Kieran O'Donnell: Well no, it was that Mr. Browne said he wasn't made aware of it and I'm asking that ... was the board and were ye made aware of it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Kieran O'Donnell: Welcome back to Ireland Mr. Chopra. I hope you enjoy your stay. Just going back, if Ireland had sought a bailout programme earlier than it did, would it have provided a better climate for negotiations and burden sharing?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Kieran O'Donnell: I am doing it in the context, Mr. Chopra, that - the Chairman has already alluded to it – but that by the time it came we were bounced into a bailout. So if we had-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Kieran O'Donnell: No, I’m saying that you posed the question, Chairman. So posing it in that light, if we had gone earlier and gone voluntarily to the troika-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Kieran O'Donnell: Correct.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Kieran O'Donnell: Okay, and if the Irish Government had sought, at the time, to unilaterally impose burden sharing on bondholders on failed banks, Anglo Irish and Irish Nationwide Building Society, what would have been the implications? Would the world have fallen in?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Kieran O'Donnell: So if the Irish Government had unilaterally imposed, we’ll say, burden sharing on failed banks, do you believe that a programme would still have been put in place?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Kieran O'Donnell: Did ... in your ... when you arrived in Ireland, you were required obviously to study the guarantee that was put in place. Did the guarantee put in place put constraints on the possibility of burden sharing? What type of guarantee would you have had a preference to have seen in place at the time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Kieran O'Donnell: I suppose more particularly, Mr. Chopra, in terms of Anglo Irish Bank, if Anglo Irish Bank at the time of the guarantee had been separated from the herd, do you think it would have created possibilities for burden sharing at the time?