Results 15,721-15,740 of 26,228 for speaker:Kieran O'Donnell
- 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.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: I want to direct you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: -----to three sentences down: Currently [Irish Nationwide Building Society] has no access to ECB monetary operations, [it] has not been accessing the wholesale markets for [lending] in recent months and is relying on retail and corporate deposit initiatives. So, clearly, at the time, the Financial Regulator had concerns about your overall liquidity position. Ye were heavily reliant on...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: So you’d no liquidity-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Which you were required to do.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Can I just follow on from that question? You had a meeting subsequently with David Doyle on 18 September, the then General Secretary of the Department of Finance.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: What was discussed at that meeting?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: For what purpose?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: September.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Mr. Fingleton, did you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Fine. Did ye discuss solvency of Irish Nationwide on that . . . at that meeting?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Do you accept, Mr. Fingleton, that, in terms of scale - size - that Irish Nationwide’s cost to the Irish taxpayer, €5.4 billion, has been the biggest single banking failure in size in the history of the Irish State? And, in that context, that it cost €5.4 billion, do you still believe Irish Nationwide Building Society was solvent on the night of the guarantee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: And do you accept that the €5.4 billion of taxpayers’ money that’s ended up going into Irish Nationwide Building Society, which they will never see a red cent of-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Is it the biggest single failure?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: So you're disagreeing fundamentally with an independent organisation like NAMA?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Well, do you want to-----