Results 15,801-15,820 of 26,043 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Kieran O'Donnell: So you had established a broker business and then it was going into the sub-prime as well subsequently?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Kieran O'Donnell: So you might just elaborate on your intemperate outburst that day at the board meeting on Haven ... on the sub-prime.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Kieran O'Donnell: Can she indicate, Chairman, in terms of positions rather than individuals?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Kieran O'Donnell: When was this?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Kieran O'Donnell: Fine.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Kieran O'Donnell: And what subsequently happened about the sub-prime proposal? Did it proceed in EBS?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Kieran O'Donnell: And do you believe ... what was the reason, in your view, that you were not supported-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Kieran O'Donnell: -----by the board to being reappointed in March '07? What was the real reason?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Kieran O'Donnell: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Kieran O'Donnell: So there was no dissenting voice bar your own?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Kieran O'Donnell: Okay. And can you follow on from that? What do you believe was the real reason that the nominating committee, or the board, did not support your reappointment to the board a couple of months later, in March '07?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Kieran O'Donnell: You were a nuisance.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Kieran O'Donnell: And, did you have any support on the board?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Kieran O'Donnell: And that person, did that person ... what way did they articulate that support?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Kieran O'Donnell: So, this was after that ... your intemperate outburst on the subprime lending.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Kieran O'Donnell: And do you put it down to an accumulation or do you put it down to your defiance in terms of the bank's proceeding into the subprime market?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Kieran O'Donnell: And, Ms Tinney, would you have articulated, at board level, that, we'll say, areas like the rapid increase in the land and development as distinct from commercial lending from '05 on, and their entering into sub-prime market, did you believe that to be reckless, or not, on behalf of the, the bank ... the board of the EBS? Would you have articulated that at board level? Would others have...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Kieran O'Donnell: But ... and, when did you ... when was the rapid escalation? Was that from '05 on?