Results 15,761-15,780 of 26,228 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Time-wise, Chairman, it’s very important.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Vol. 2, page 35 to 38, is a letter from the Financial Regulator to Mr. Walsh that's dated 7 March and really the tenant of it is that it would appear the regulator continually repeated that there was lack of strength at the board or senior management level over a six-year period. In view of these concerns over resources that was in senior management, why did the building society expand its...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Well, if you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Mr. Fingleton, why didn't you demutualise earlier? You had the opportunity. Irish Life and Permanent demutualised much quicker and ... Permanent TSB, rather, demutualised much quicker. You could have done it over a five-six year period. Why didn't you do that? Why did you push so hard so that you could actually, once you demutualised it, you could sell straight away? Why weren't you...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: I don't.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Not today.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Not today.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Can I ask-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Mr.-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Mr. Fingleton, why didn't you increase the size of the board in your tenure to bring in, like many other institutions, where they would have had eight or nine, ten people on the board? Why did you maintain it at five, where you had only three non-executive directors? Two of them were executive directors. Why did you maintain the board and more or less the same people over that ten ......
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: And was there ever an occasion ... And, finally Chairman, if I could direct the witness to Vol. 1, page 83. It's the Deloitte and Touche report and it deals with the-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Page 83. Sorry, well I don't know if it's 83 or 63, Chairman. It's the ... it's 63, I believe.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Deloitte. Deloitte and Touche report.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Is it 83? Page 83, at the end, Mr. Fingleton, right. And I just want to get an idea of the day-to-day activity around commercial lending and in terms of approval of commercial lending. And this particular report speaks about ... and I've a few quick questions that-----
- 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: Were there ever occasions, Mr. Fingleton, where you approved a loan prior to it being approved by the board ... or, sorry, you approved and granted and extended a loan prior to it being approved by the board?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: That's not my question, Mr. Fingleton. My question is ... is there any occasion where ... prior ... up to December 2007, any loan above €1 million had to be approved by the board.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: Were there ever occasions where you, as CEO, approved and extended a loan of over €1 million to a developer or anyone else ... a commercial loan, without ... or any loan ... without the prior approval of the board of directors?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: And could you extend the funding?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Kieran O'Donnell: And what were those ... how would that situation arise?