Results 15,921-15,940 of 26,043 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: So we're up at nearly a million.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: A billion.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: I suppose the question I have-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: You would not have been going into NAMA?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: As an organisation. So in your view was the ... two quick questions. Number one; why did EBS enter the market when clearly it was a profitable company, profitable business prior to that? And why did it go in after the land and development business? Did it have the requisite expertise? You spoke already about risk assessment. And do you believe at the time, for the organisation, that it...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: So, I suppose, I have one more question now, I should ask, would EBS be stand-alone today if it hadn't gone into the development side in 2005?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Can I refer you to Vol. 2, page 161, and, Chairman, it's, it's EBS board presentation 26 September - "Government intervention anticipated and unavoidable". And I want to read just one, one paragraph, "Government intervention anticipated and unavoidable; potential scale of intervention is likely to be considerable and could change the Irish banking landscape here fundamentally." That's a...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: And, can you just give me the basis for that statement because that statement was made, basically, three days before the guarantee was put in place?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Anglo and Irish Nationwide.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: And how long would it have been in the public ether that those two organisations were in ... were in trouble?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: And, two quick questions. Did you regard either institution as to be systemic to the Irish banking system and did you, as CEO of EBS, in any way approach the Central Bank, Financial Regulator, Department of Finance, Government sources to express your concerns? And, did you see in any way that they could impact on EBS, your own institution, in terms of, of its activities?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: And you wouldn't have seen any-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: You wouldn't have seen any reason why either of those institutions couldn't have been nationalised on the night of the guarantee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Welcome Mr. O'Flynn, at the late hour.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Mr. O'Flynn, based on your dealings with the Irish banks in the pre-crisis period, did you get the general impression that the ... maintaining and growing market share was the dominant driver in lending practices? And did you observe increasing competition between them for businesses with you and your company?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: And looking at appendix 2 in your ... in your ... page 7, you dealt with eight banks in the first pie chart and over 50% of loans for the O'Flynn Group were held with Anglo alone, from what I can see. And, can you explain why that level of debt was held with Anglo above the other banks? The ... AIB, you dealt with Bank of Ireland, AIB, Bank of Scotland, First Active, Lombard and a couple of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: And-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: So the Anglo loans were basically for UK investments?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: UK and Europe, not Irish?