Results 15,481-15,500 of 26,228 for speaker:Kieran O'Donnell

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

Kieran O'Donnell: I have very limited time now, Mr. Gray.

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

Kieran O'Donnell: And did you get a response to the letter, Mr. Gray?

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

Kieran O'Donnell: Can I move on? You made reference in your document - annex 7 in Mr. Gray's statement - it relates to the meeting in Druids Glen, and you gave, effectively, your agenda. And I just had a quick look at the agenda, Mr. Gray. It's about 64 items in the agenda.

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

Kieran O'Donnell: I think about eight of them relates in some way ... could be related to creditor banking. The first two ... the notes in blue underneath the main headings, when did you write those notes?

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

Kieran O'Donnell: When did you write the notes?

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

Kieran O'Donnell: So you wrote them post-Lehman's?

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

Kieran O'Donnell: And the first one speaks about that Ireland faces its most difficult economic challenge in over two decades and the scale of the challenge shall not be underestimated, and you speak about Lehman Brothers in that context. No. 2, you say, "Ireland has been hit by four main international developments, namely: global credit crunch"... was the No. 1 item you put in there. So, the question I...

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

Kieran O'Donnell: But you were in the room. Did the meeting take place at Mr. Drury's private home?

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

Kieran O'Donnell: Okay. What time did the meeting start at in the morning?

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

Kieran O'Donnell: Are we saying 8 o'clock, 9 o'clock?

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

Kieran O'Donnell: About 10 o'clock.

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

Kieran O'Donnell: And you were in the room ... like, were you aware of who would be attending that meeting prior?

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

Kieran O'Donnell: You were invited by Mr. Drury?

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

Kieran O'Donnell: So you-----

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

Kieran O'Donnell: So you would've been aware at that stage that you had two current directors and the chair of the board of Anglo, you had one former director, Mr. Drury. Did you not think, in your role as a member of the Central Bank, at that particular moment in time, that it would be unwise to attend such a meeting?

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

Kieran O'Donnell: Why not?

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

Kieran O'Donnell: And the final ... in this statement, in this annex 7, you give - on section 3, "Suggestions re Process and Indicative Timelines" - you go down through ... that, really, over the month of August, the Minister for Finance and the Government should do an action plan. Was any of this acted upon?

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

Kieran O'Donnell: No action?

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

Kieran O'Donnell: But they were all ... I mean, I accept they were to implement the particular items you had discussed in this agenda. On reflection, Mr. Gray, why did you say earlier that it was a mistake for you to attend that meeting?

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

Kieran O'Donnell: Okay, thank you.