Results 15,961-15,980 of 26,228 for speaker:Kieran O'Donnell

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

Kieran O'Donnell: -----and Mr. Merriman said it was a red herring, and the question I want to ask-----

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

Kieran O'Donnell: -----was EBS ever asked by the Financial Regulator or the Central Bank to increase the provisions on loan losses?

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

Kieran O'Donnell: Were you surprised with that?

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

Kieran O'Donnell: Did you-----

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

Kieran O'Donnell: But did they have the power to ask you?

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

Kieran O'Donnell: Did they have the power to ask you to increase the provisions?

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

Kieran O'Donnell: So, therefore, how do you regard it as a red herring then?

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

Kieran O'Donnell: Just for the final point, just in-----

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

Kieran O'Donnell: Yes. If you say it's a red herring, who then would make the decision to show in the notes to the accounts, the published accounts, that additional losses should have been ... additional provisions should have been provided for the losses?

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

Kieran O'Donnell: Why wasn't that done?

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

Kieran O'Donnell: That's fine.

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

Kieran O'Donnell: Thank you, Deputy Higgins. Welcome, Ms. Tinney. Haven, the broker ... and I'm referring, Chairman, to book 1, page 113 to 122, and I also want to refer to page 75 as well, Chairman. So, firstly, page 113, which is a briefing document on the broker market entry, 21 January 2005, and the ... page 75 relates to a review on the Haven set-up costs, which Ms. Tinney probably would be familiar...

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

Kieran O'Donnell: Yes, yes.

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

Kieran O'Donnell: Yes, so ... so Haven-----

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

Kieran O'Donnell: I'm on ... well, really, I suppose, what I want to get clarification on is page 116 initially.

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

Kieran O'Donnell: So it speaks about "ABC Mortgages".

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

Kieran O'Donnell: Is that different from Haven or is that more of the same?

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

Kieran O'Donnell: Fine. The broker market business of EBS was a significant change for it, and did the board, in your view, have sufficient understanding of what it was getting into? And what was your view of the impact of this business on EBS later on?

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

Kieran O'Donnell: Do you remember the deliberations at the board level on the set up of what became Haven?

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

Kieran O'Donnell: Was there any due diligence done at board level? Like, did ye discuss it in-----