Results 15,821-15,840 of 26,043 for speaker:Kieran O'Donnell

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

Kieran O'Donnell: And, can I direct you in that regard, Ms Tinney, to page 143, 144 and 147, Vol. 1?

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

Kieran O'Donnell: At 143, yes.

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

Kieran O'Donnell: And these are, Chairman, these are two of the e-mails you, you refer to, from Alan Merriman to other members of the credit committee.

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

Kieran O'Donnell: The first was, effectively, that you had to come back by noon, which, that came at, that was the 26th, and you've to ... at 8.39 a.m. and it should be back my noon the following day. And this was a commercial loan, development loan, that went from an increase from €34 million to nearly €89 million for one individual. The second one was, on page 147, you were required ... this...

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

Kieran O'Donnell: So, the first one, were these a regular occurrence?

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

Kieran O'Donnell: So, how often would you get them? The first one was on 25 January '06.

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

Kieran O'Donnell: Correct. So, 25 January '06, I mean, is ... it's a loan exposure to one individual going up by about 160%, over ... the total amount was €55 million. So, how often would these e-mails have come to you?

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

Kieran O'Donnell: Was that the biggest?

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

Kieran O'Donnell: And was that the largest that would have come through?

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

Kieran O'Donnell: Okay, but ... and did other people on the credit committee have reservations about the way this was happening, in terms of e-mails coming out and so forth?

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

Kieran O'Donnell: And were you-----

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

Kieran O'Donnell: No, I saw that; I've seen all that.

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

Kieran O'Donnell: Well, I just want to know the procedure. Did the credit committee meet to approve loans?

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

Kieran O'Donnell: So, all the loans were basically approved by way of e-mail?

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

Kieran O'Donnell: If you didn't respond to the e-mail, if you didn't respond-----

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

Kieran O'Donnell: You always did?

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

Kieran O'Donnell: And were they always in the affirmative?

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

Kieran O'Donnell: Do you believe that you had the requisite financial, technical knowledge to be on a credit review committee of a large financial institution like EBS?

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

Kieran O'Donnell: So, why did you take the position?

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

Kieran O'Donnell: The which? On-----