Results 12,441-12,460 of 26,042 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Promissory Note Bonds: Discussion (28 Jun 2018)

Kieran O'Donnell: I welcome Mr. O'Flynn, Ms Queally-Moloney, Mr. Ryan and everyone else. I just have a couple of questions. Apart from anything else, the witnesses have obviously made study of the promissory note. They have probably studied it more than anyone. Did the design of the promissory note come from the Government of the day or did it come from Europe? Did Mr. O'Flynn examine from where it emanated?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Promissory Note Bonds: Discussion (28 Jun 2018)

Kieran O'Donnell: Who was this written to?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Promissory Note Bonds: Discussion (28 Jun 2018)

Kieran O'Donnell: Who sent it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Promissory Note Bonds: Discussion (28 Jun 2018)

Kieran O'Donnell: What was the date of the note?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Promissory Note Bonds: Discussion (28 Jun 2018)

Kieran O'Donnell: Does that not emanate from the fact that under EU treaties, the ECB cannot fund the national debt of states?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Promissory Note Bonds: Discussion (28 Jun 2018)

Kieran O'Donnell: I have two very quick questions following on from that. Was the restructuring of the promissory note just as important as the promissory note? Prior to the restructuring of the promissory note, the State paid €3.1 billion in 2011, which came out of current spending and had a drastic effect on the resources available. I know that there is interest on the moneys being borrowed but did...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Promissory Note Bonds: Discussion (28 Jun 2018)

Kieran O'Donnell: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Promissory Note Bonds: Discussion (28 Jun 2018)

Kieran O'Donnell: Did it not have a dramatic impact on the impact the promissory note was having on the day-to-day lives of people in terms of Government spending?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Promissory Note Bonds: Discussion (28 Jun 2018)

Kieran O'Donnell: Would Mr. O'Flynn accept that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Promissory Note Bonds: Discussion (28 Jun 2018)

Kieran O'Donnell: Finally, does Mr. O'Flynn believe that Anglo Irish Bank was a systemic bank and that it needed to be saved?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Promissory Note Bonds: Discussion (28 Jun 2018)

Kieran O'Donnell: Mr. O'Flynn referred to a European context.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EBS Tied Agents: Discussion (28 Jun 2018)

Kieran O'Donnell: I welcome Mr. Kavanagh and Mr. Butler. AIB has taken over. Now that AIB owns EBS and it is part of the AIB family, have the witnesses found a change or improvement in the relationship?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EBS Tied Agents: Discussion (28 Jun 2018)

Kieran O'Donnell: Mr. Kavanagh said he was not here in January. To which January was he referring?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EBS Tied Agents: Discussion (28 Jun 2018)

Kieran O'Donnell: Mr. Kavanagh said the "problem was the inability of EBS to provide mortgages that agents could sell". He also spoke of the non-executive directors. Who were the non-executive directors? What type of products was EBS not providing? Mr. Kavanagh also said "there were a few policy decisions taken by EBS which, in hindsight, contributed significantly to the avoidable problems that EBS and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EBS Tied Agents: Discussion (28 Jun 2018)

Kieran O'Donnell: Was this as an employee of EBS?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EBS Tied Agents: Discussion (28 Jun 2018)

Kieran O'Donnell: Was that in 2006?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EBS Tied Agents: Discussion (28 Jun 2018)

Kieran O'Donnell: So it was at the peak.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EBS Tied Agents: Discussion (28 Jun 2018)

Kieran O'Donnell: With regard to the structure within EBS, was Mr. Kavanagh an employee of the EBS or was he self-employed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EBS Tied Agents: Discussion (28 Jun 2018)

Kieran O'Donnell: Did Mr. Kavanagh rent the building? Was the lease in his name and were the overheads part of Mr. Kavanagh's business?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EBS Tied Agents: Discussion (28 Jun 2018)

Kieran O'Donnell: Mr. Kavanagh was in the cockpit when things went over the cliff.