Results 16,521-16,540 of 26,050 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: Do you accept ... do you now accept that in your last budget in December 2003, you extended the period for tax relief schemes by a further two years to the end of December 2006?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: But you announced it in the budget.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: So why did you do that against a backdrop of that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: But you were categorical in your-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: -----December 2002 budget that all schemes were being concluded and there was no justification. You had property prices rising at a rapid rate. Professor Honohan has been in here and has gone on record as saying that '05 was where the major peaks arose. So the question I'm asking is who were you bombarded by?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: But you made that announcement in the previous budget, Mr. McCreevy, so why-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: So finally, why did you extend it and, in hindsight, should you have extended it by a further two years?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: What do you mean, you changed my mind?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: But sure why did ... we're ... people are entitled to know why you changed your mind?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: And finally, do you believe that extending that by a further two years fuelled ... continued to fuel the property bubble?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Kieran O'Donnell: Mr. McCreevy, at the ECOFIN meetings, which you attended monthly, and your semi-annual meetings with the Governor, can you recall if you were ever challenged on the economy or the possibility of the property market overheating?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Welcome Professor Honohan. Can you discuss the interaction between the Financial Regulator, the Department of Finance and the ECB in relation to legislative changes in regulation? Do you believe that the relationship ensured the Financial Regulator was able to communicate its views and concerns effectively? And the core document is Vol. 2, page 3 to 18, which is the Central Bank of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: If a crisis situation arose again-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: -----and you had another night of the guarantee, do you have the legislation or does the Government have the legislation, to remove CEOs of banks that might have to be bailed out by the Irish State?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Yes or no, I suppose.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Yes, but the High Court could take-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: So you would feel confident that if you needed-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: And you could remove them overnight?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Okay. Can I just specifically, in the report itself, on page 4 of the report, it states that, on the third paragraph ... the fourth paragraph down: "The revised Code of Conduct on Mortgage Arrears ... which was published in June 2013 provides a strong consumer protection framework in compliance with the [consumer code of conduct of mortgage arrears] will continue to be central to the Bank's...