Results 16,401-16,420 of 26,050 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: 14 January.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: So, therefore, this-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: But you had a letter going to the European Commission-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: -----on 14 January-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: -----so why didn't you hold off until 15 January to write to the European Commission? It's only a day later. Why do we have a situation where you were recapitalising on the 14th and a day later you were nationalising?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: You would have been in charge at the time, would have been ... you would have been over that section, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: Why didn't ye-----?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: Why didn't ye get onto Arthur Cox and say we needed due diligence back before the 14th? It's only a day of a difference.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: So a day-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: But ... so you were required to file with the European Commission on the 14th?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: And the due diligence from Arthur Cox came back a day later?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: Yes, but the perception was out there that, effectively, you were going to recapitalise Anglo rather than-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: -----rather than nationalise Anglo.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: And, would you have had any discussions ... interim discussions with Arthur Cox. Effectively, you're paying the fee to Arthur Cox, correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: Who were they appointed by - the Central Bank, the Financial Regulator, or the Department of Finance?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: But, ultimately, Government.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: Okay. Was there no discussions with them ... like, they were appointed on the 22nd. Was there no discussions with them, like ... I suppose-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: For someone looking in, would say that it does seem a bit unusual that you had Arthur Cox doing due diligence on Anglo, you put ... you've decided to recapitalise Anglo on 8 January; you wrote to this European Commission on 14 January; and then, the day later, you nationalised Anglo. So, it does ... why wasn't ... weren't you able to get to a point where, by the 14th, that you would have...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: The decisions you took on the decision to nationalise Anglo on the ... page 55, 15 January, "The advice was given because a number of serious corporate governance concerns at Anglo, and because of Anglo's progressively deteriorating liquidity position." The governance issues-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: Page 55 and 56. The governance issues, Ms Nolan, were there since December, since the former chairman had resigned.