Results 15,461-15,480 of 26,373 for speaker:Kieran O'Donnell
- 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?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Kieran O'Donnell: You made a comment in your opening statement ... just two aspects I want to take up ... do you believe that it's within the gift of the ECB at this moment in time to put in place measures to alleviate the tracker book burden on the Irish banks? What would be the benefit of that? And, secondly, you made reference that the current construct around bank bailout funds in Europe is woefully...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Kieran O'Donnell: You might just comment on both of those.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Kieran O'Donnell: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Kieran O'Donnell: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Kieran O'Donnell: I have one final question - your thoughts on ... just one. Your thoughts on the ... I asked you about the funding that's there in terms of bank bailouts in Europe. You said it was woefully inadequate.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Kieran O'Donnell: And the final question, I suppose. You've spent the last four years in and out of Ireland.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Kieran O'Donnell: And looking into your crystal ball - and you spoke about boom and bust - what do you believe are ... where do you see Ireland going over the next number of years and what are the red and amber lights that should be, we'll say, avoided?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Kieran O'Donnell: Welcome, Minister Noonan. The initial projected cost of the bailout has subsequently been mitigated by reductions to interest rates and various loans making up the bailout package. Okay, this is Vol. 1, page 139 to 140. Can you quantify the total savings arising to date as a result of the interest rate reductions? Can you outline any major obstacles encountered in securing these...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Kieran O'Donnell: There were two latter points: the major obstacle encounters and-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Kieran O'Donnell: And ... or do you believe there are further opportunities, or at this stage has all been exhausted?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Kieran O'Donnell: Currently.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Kieran O'Donnell: So you see no further scope?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Kieran O'Donnell: Can I lead into the promissory note?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Kieran O'Donnell: But that would be in the normal course of business for a Government rather than a programme.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Kieran O'Donnell: In the limited time I have, Minister, can I just lead into the "pro notes", the promissory notes, and the two points I might refer to are Vol. 1, page 3 and then Vol. 1, page 31. Vol. 1, page 3, Minister, is the ... it looks to me like ... it's an EMC memo around ... dated 10 October 2012 around the idea of the pro note. And it speaks about a 40-year Government bond should be acceptable to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Kieran O'Donnell: Yes. Interest would come back to the State circle.