Results 16,081-16,100 of 26,228 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: In ... what assurance can you give to the public that the measures that have been brought in will ensure that a banking crisis doesn't happen again in Ireland and that we don't have a property bubble for the ordinary person-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: Deputy Rabbitte, in page 3 of your statement, you conclude that by saying, "In the narrow area of effective scrutiny of the banking sector, if the structures had existed and if the opposition had known the pertinent questions to ask, the government wouldn’t have been able to answer them because the government didn’t know there was a crisis until it was too late." To what extent...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: I'm putting that, Chairman, okay. Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: Do you think people knew? Do you think people knew that the banks were insolvent? Within the system.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: Right. The monoline banks, do you believe people within institutions, within Government were aware on the night of the guarantee that Anglo was insolvent?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: Or do you think they should have been ... Should they have been aware?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: But when-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: Tánaiste, do you believe ... what specifically would you have done differently in terms of when ... after June 2007, in dealing with the banks and in terms of a guarantee? Specifically. I don't want the general, I just want specifics. And would it have saved the taxpayer money?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: So would you have gone for higher than the €100,000? Earlier?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: I welcome, Mr. Murphy. Chairman, can I direct the witness to Vol. 2, two pages, both interrelated, page 157, which effectively is the minutes of a board meeting on 1 April 2011 with EBS, very much around the whole area of merging with AIB? And interrelated with that, I want to refer to page 139, which is EBS top ten bonus payments 2010 through 2008. Chairman, am I at liberty to mention the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Are they public?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Okay. Were ... and specifically what I'm referring to is page 157, at the very top of the page, Mr. Murphy, where, "Chairman highlighted that, from a risk perspective, it may be necessary to seek binding commitments from certain critical EBS staff by offering them retention bonuses, etc." So were retention bonuses paid-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Even though they're in the body of the-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Okay, that's fine.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: That's fine.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Were retention bonuses paid to EBS staff as part of this process? EBS ... did you personally receive one?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: And so can I take it that from 2008 on, no member of staff, either from the CEO down, has received a bonus payment in EBS?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Okay. Can I refer you to page 139, and just looking at the ... just generally - it's not the total there - but I notice between '01 and '08 that the level of bonuses paid, the top ten bonuses, there was €8,000 paid in 2001, that went over the years to €11,000 in '02, €235,000 in '03, it went to nearly €1.5 million in 2004, went down to half a million,...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Okay. Can I ask you on page 6 of your statement you make reference to that in 2005, EBS went from a situation where they were not in the land and development lending to over a two-year period to go really from zero to €1.7 billion. And the question I want to ask you is: if EBS had not gone into the land and development lending, would EBS have required a bailout from the taxpayer?...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: At the time that NAMA arose, what was the level of what I would regard as development loans in EBS at that time?