Results 16,101-16,120 of 26,043 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: Do you think you should have in your representational role?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: So you, your represent-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: But in your representational role as CEO of the Irish Banking Federation, you would have not had any meetings with Government, in any shape or form or effort, pre the guarantee about difficulties the banks were under?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: Can I ask you just a very quick question and going back to your time in EBS and the SSIA accounts - EBS were the forerunners of those. Were you involved in any way in terms of putting forward a case to Minister McCreevy as to EBS, the type of policy, SSIA products they put in place?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: And you, in your role in the banking federation and so forth, do you in any way see did the SSIA accounts gave rise to a situation where the banks got increased deposits, and were effectively subsidised by the Irish taxpayer to the tune of 25% interest on top, sorry, 25% of the capital sum on top by way of a payment, and that allowed the banks to increase their loan-to-deposit ratios, and...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: They gave the banks the deposits to be able to-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: No, did it boost the deposit base on the balance sheets of the banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: The loans-to-deposit ratios went higher ... sorry.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: And property lending.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: Mr. McCarthy. On 30 April this year in Kilmainham, Jean-Claude Trichet, the former ECB President, said that Ireland had "total expenditure on compensation of employees in the public sector grew by close to 200% between 1998 and 2008 [ten-year period] compared to the [EU] area figure average of ... 45%" over that period. The social partnership agreements, including benchmarking, played a...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: Correct. No, no, it's a basic analysis by the IMF-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: -----on the social partnership.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: And did the fact that we went from an economy that was very export-driven to an economy in the ... from around 2003 onwards, which was heavily dependent on property, did it bring about a situation where it gave rise to rapid inflation, consequently had an impact in terms of the wage structure which fed into benchmarking?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: XXXX02100 type: 1 --> In hindsight, should that have formed a basis because, obviously, with rampant inflation, it gave rise to the cost of living going up for people so wages had to rise. But in hindsight, if you had it back again would you have done it differently?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: Can I look to move to just a couple of quick points to clarify the night of the guarantee? Did the banks bring in their own guarantee? Mr. Cardiff was before us ... when he was effectively doing up the ... drafting the press statement for the ... he basically-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: The general thing was ... did the banks bring in a guarantee ... their own guarantee on the night?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: In writing?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: Okay, did you get sight of that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: Was that copied and circulated to other people at the meeting?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Kieran O'Donnell: Sorry?