Results 15,521-15,540 of 26,043 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Why were so many of the loans non-recourse? They appeared to be very high-risk.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: But did you not ... in terms of the interest, was that not, Mr. Fingleton, reckless of a form for you, as CEO of the society, to put the members' interests at such risk, or not?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Well, put it this way, that ... you're saying that the developer was dictating that they would not give any form of security bar ... other than the asset itself.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Ye could've demanded it.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: But is it not-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: But, in September 2008, is it not fair to say, Mr. Fingleton, that you had a development loan book too much of which was tied up in joint ventures with non-recourse loans?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: But you don't-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: And you don't see that-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: You don't see that as a contributory factor to the high discount with NAMA?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: On 7 September, Mr. Purcell, your secretary of the board and financial officer, and two other colleagues arranged a meeting with the Central Bank on behalf of Irish Nationwide, with representatives ... together with representatives from AIB and Bank of Ireland. Were you aware that this meeting had been arranged?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Okay, and who requested the meeting?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: And was a decision reached at the meeting?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Why didn't you ... why did you not attend the meeting, Mr. Fingleton, as CEO?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: That's ... Mr. Fingleton, that's in the public domain. I suppose, I want to get ... the meeting-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Well, it's ... it's-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: The purpose ... that's really ... the purpose of that meeting on 7 September?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Is it ... if I can just refer you to page 96 of Vol. 1, where it's a letter from the Financial Regulator to Mr. Walsh and on page 96, he says-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: It's "Liquidity Risk".

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Paragraph 3, top of the page.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Kieran O'Donnell: Yes.