Results 16,261-16,280 of 26,043 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: Well, then, can I ... can I move on? Can I move on-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: -----Mr. Cowen? Between ... for the five months between March and, we'll say, July '08, you had three contacts with Mr. FitzPatrick in Anglo and you met ... you had a telephone conversation in March, you had a dinner with them in April, and then you had, Druids Glen, a golfing outing. That's three meetings with one bank. Did you have any discussions with any other banks in that period?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: But is it not------

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: I'm asking ... the question I'm asking you is you had contact with no other banks. Now, when you had your golfing outing in Druids Glen, a few days before, on 18 July, it had gone public about Mr. Quinn's exposure in terms of Anglo. You had the share price in Anglo falling, you had the whole issue in terms of liquidity with Anglo, so, in hindsight - you used that term - was it poor judgment...

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: I'm just saying------

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: Yes-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: Well, they're-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: It needs to be asked.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: But-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: Okay-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: Thanks, Chairman. Mr. Cowen, in your statement, you mentioned that the most important reform had been the reintegration of the Financial Regulator's office back into the Central Bank as a single organisation, and the skill mix has been upgraded. Can you outline why you think was more important, a substantial increase in staff numbers available for potential supervision of financial...

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: Can I ... Mr. Cowen, when did you first realise that Ireland would have to go into a bailout programme?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: When did you, as Taoiseach of Ireland, yourself, in a quieter moment, say "We are going to be going into a bailout programme?"

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: When was that, like, what date, would you have-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: So, you would have felt, mid to late November, we were going into a bailout programme.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: Of November?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: So, you're saying ... are you saying mid to late November or October?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: Okay. And when would you feel that you lost control of the process in terms of determining the timing of that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: It was reported that ... that Commissioner Barroso made contact with you, we'll say, towards early ... we'll say around 10 or 11 November. Did that discussion take place and what did ye discuss?