Results 16,041-16,060 of 26,228 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Kieran O'Donnell: Are you expressing an opinion without back-up evidence to the effect that it happened?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Kieran O'Donnell: Do you know what the circumstances were of that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Kieran O'Donnell: Do you believe that in your going forward what should be the structure in terms of corporate governance vis-à-visfinancial institutions in dealing with the institutions of the State and politicians and Central Bank and various others, the Oireachtas and so forth? What is in your view the type of protocol that should be in place?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Kieran O'Donnell: Thank you. Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Kieran O'Donnell: Welcome, Mr. Gormley and Ms Harney. A question for Ms Harney. With the establishment of the single ... of the whole, I suppose, regulation ... the new regulation mechanism and, prior to that, your Department was in charge of the insurance sector. Do you believe there was a knock-on effect in terms of the regulation of the insurance sector? And I'm saying that in mind with what has happened...
- 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?