Results 16,161-16,180 of 26,043 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: My apologies.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: And on the night, around the communications with, we'll say, ECOFIN partners and the ECB and that, what was decided on the strategy to communicate to them about this pending announcement?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: Were you involved in that, Cathy?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: Can I ... I suppose, so like, you've quoted in your speech ... sorry, in your witness statement, that it was the unanimous view ... quote from Brian Lenihan, he gave a presentation, he was before the finance committee, where he said "the unanimous view of the Central Bank and regulator and the advice I received from my officials [conclusions]". Did it come up at all ... the fact that Merrill...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: And then, you make reference in your speech ... in your witness statement, on page 4, as well, "The fact that the assumptions that underpinned the Guarantee were proven to be entirely unfounded within a short period of time shows how woefully ill-equipped and ill-prepared the system was to meet the scale of the crisis." Can you elaborate on that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: Had he a lot of interaction ... the Minister, the late Brian Lenihan, had he a lot of interaction in the months ... he went in as the Minister for Finance in May 2008, the guarantee would have happened four or five months later. In that period of time, was there much interaction with the Central Bank, the Financial Regulator, the NTMA, various, we'll say, other agencies, on the banking issues?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: Who would have been present at those meetings?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: And you follow on then on page 6 and it's more just to get a flavour, you say, this is in terms of recapitalisation of the banks, you say: It became evident that Bank of Ireland was our only hope [in terms of being able to, you know, to operate on its own exposure] ... it was a blow to discover AIB was not far behind Anglo.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: When did the Minister realise ... the late Brian Lenihan realise how bad things were with AIB?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: Do you feel that the banks had in any way misled him?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: But did-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: Had he become suspicious of the banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: Okay. Can I just go ... move on to the whole issue around the bailout and, obviously, your area of expertise in the media and that? What follow-up with the media took place, we'll say, on foot of Professor Honohan's telephone call, that fateful telephone call to "Morning Ireland" on the morning of 18 November from Frankfurt announcing to the public that he expected negotiations to lead to a...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: How did you advise the Minister? How did you earn your crust on the day?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: Was he irritated by it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: So at that point, when Professor Honohan had come out on the 18th, were ye already, effectively in substance, in discussions on applying for a bailout with the EU ... in substance-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: Who in your judgment was actually carrying out those briefings?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: The ECB?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Kieran O'Donnell: And do you think that in substance, was the Government bounced into a bailout by the ECB and European partners or was it just a matter of timing that Ireland was going into a bailout anyway?