Results 15,441-15,460 of 26,043 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: The board insisted on the chair and the CEO to go and meet Mr. Quinn.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: And did you deem it at the time that it ... that it was a serious threat to the bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: Could it have brought down the bank if it went unchecked?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: Can I refer finally, Chairman, to Vol. 2, page 109? It's a presentation that was made to the board by the then CEO, David Drumm, on 26 September, three days prior to the guarantee being put in place. I suppose I just ... were you present at that meeting, Mr. McGann?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: Really, I suppose, what I want to ask is that it's put in the report that immediate liquidity support from the Government is essential. That's on page 113. And we had Mr. FitzPatrick in here this morning, a former-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: Wishful thinking on my part, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: A personal view, Chairman, not a committee view.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: He stated that around that time, he said: "I believe most of the senior staff honestly [felt] the bank [would] not recover". He says there was no answers at the time. So-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Kieran O'Donnell: What was the prevailing mood at that meeting? Was ... did the board feel at that meeting on 26 September that the game was up for Anglo, unless the Government stepped in to support it?
- 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?