Results 15,381-15,400 of 26,043 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: Thank you Chairman. Welcome Mr. McGann.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: This is, Chairman, Vol. 1, page 35 to 48, a document. It's a memo to a board dated 30 January '07. In early 2007 you raised a number of concerns which are summarised and addressed in the memo to the board by Mr. McAteer and Mr. Moran, dated 30 January. Can you please tell the committee why you had these concerns and were they addressed to your satisfaction? That's Vol. 1, page 35. Yes....
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: Seldom die of old age.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: Do you believe now Mr. McGann that the Anglo model was a flawed model?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: Do you believe that the ... and I want to direct you to page 17, Vol. 1 in the same context, it's the Nyberg report, and it said, it's speaking specifically about Anglo ... he speaks about that "there is little evidence that board directors at the time were active in challenging the bank's approach or its pace of lending growth". How do you react to Mr. Nyberg's comments in that regard? And...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: It's page 17, Vol. 1. It's the first paragraph, 2.5.6 and 2.5.7.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: With due respect, Mr. McGann, in the limited time, you were a member of the board that appointed the former CEO as chair of the same board, which really was in complete contravention of good corporate practice. How do you stand over that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: But were you a member of the board that appointed that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: Did you approve Mr. FitzPatrick's appointment as chair?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: You accepted it.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: And can you go on ... the direct criticism of Mr. Nyberg where he said that there is "little evidence that [the] directors at [this] time were active in challenging the bank's approach or its pace of lending growth", which was incredible over that period in which you would have been director of Anglo.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: But in quick time, did ye challenge the bank's approach of the management and the CEO in terms of the direction they were taking Anglo Irish Bank in terms of the massive growth in commercial lending?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: Can I move on to the contracts for difference? You were reported in Anglo Republic, the book, where you brought to a head the contracts for difference in September 2007. Did you believe it to be a critical problem for the bank and what did you see as the consequences? Were the non-exec directors kept informed? Did ye ... did the non-exec directors seek independent legal advice? How...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: When did you first become aware of the contracts for difference?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: How do you believe it affected the bank? What was the impact it had on the bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: So-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: Was it a catalyst that brought about the demise of Anglo?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: Can I move on?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: Can I move on?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: The bonuses. I direct you to Vol. 2, page 77 to 95, and Vol. 2, page 97 to 99 - the Nyberg report. So can I ... and what I really want, I suppose, to ask is did you consider the level ... you were on the remuneration committee, is that correct, Mr. McGann?