Results 15,861-15,880 of 26,043 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Kieran O'Donnell: My question really is that ... under the Department of Enterprise, Trade and Employment, it regulated the insurance industry prior to the new financial regulatory framework being established in 2003. Do you think there were consequences, adverse consequences for the taxpayer, in the way insurance companies like Quinn Insurance were regulated under the new regulatory structure?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Kieran O'Donnell: Well, do you believe that there was the necessary financial and technical expertise in the new Financial Regulator to be able to regulate the insurance industry?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Kieran O'Donnell: Well, then, finally on the point, do you believe or not that the new financial regulatory structure that was formed when you were in government in 2003 was fundamentally flawed, led to confusion in terms of people's roles and gave rise to the situation where the taxpayer ended up footing €64 billion gross in terms of the bailout of the banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Kieran O'Donnell: Yes, but, on a final point, do you not feel that the Financial Regulator, their first responsibility should have been to the taxpayer?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Kieran O'Donnell: Can I ... Mr. Gormley, when did that meeting take place where the decision was taken to nationalise Anglo with Eamon Ryan, Mr. Brian Lenihan and you referenced David Drumm, sorry David Doyle?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Kieran O'Donnell: Okay, when was that decision taken?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Kieran O'Donnell: Ms. Harney, you were in government for 14 years - in Cabinet uninterrupted - and, Mr. Gormley, you were leader of the coalition party in government with Fianna Fáil. Lehman's collapsed on 15 September. The bank guarantee was put in place on 30 September, over two weeks later. You had received information from David McWilliams that there was a need for a bailout programme. Mr. Gormley,...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Kieran O'Donnell: For a guarantee, yes. Did you not think it appropriate to bring it up at the Cabinet meeting, certainly on 28 September, about the banking crisis? And, Ms Harney, did you not think it appropriate, with your experience as being a Cabinet Minister for 14 years' duration, to not bring ... that there wouldn't ... that this issue would not have been discussed in terms of Lehman's at a Cabinet...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Kieran O'Donnell: At a minimum.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Kieran O'Donnell: In hindsight?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Kieran O'Donnell: I don't mean it in that sense.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: Thank you Chairman. I want to welcome the Taoiseach and Minister Bruton to the hearing. The period 2002-2007, what concerns, and this is to both witnesses .... what concerns did you have about the rate of growth in the domestic Irish banks in terms that their loans portfolios around property ... and the credit policies they were adopting? And can you please give me examples of how you both...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: For both.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: Specifically, I suppose the question really specifically, Taoiseach, is around growth in the loan portfolios of the banks specifically, is the kernel of the question. Specific.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: And Minister Bruton?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: Where was this made?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: Was it in the form of a press release from you? Was it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: That would have been '07, prior to '07.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: Did you challenge it enough from 2002 onwards?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: Can I feed that into the manifesto 2007 and, Chairman, it’s Vol. 2, page 73 to 78 for the witnesses, and specifically really what I want to ask is: do you both believe that looking at the assumptions underpinning the budget, that your due diligence on the rate of growth around the assumptions was robust enough? You referenced the ESRI and Department of Finance but feeding into account...