Results 16,541-16,560 of 26,050 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Well, it's the same. It's within the report.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: And you published the report where you had carried out an inspection of seven financial institutions for ... in terms of the code of conduct on mortgage arrears, which is from this document here. Now, you found breaches of that. So the question I suppose I want to ask, do you have sufficient legislation to publish the names of those institutions that breach the code of conduct in respect of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Professor-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: How ... can I just ... in the context, they were set up to protect mortgage-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: -----but ... but if you're still finding breaches-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: And can I ... would you not get a more effective tool with the banks to make them fully compliant? To publish the names of the institutions that are breaching these-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: And why would you not do that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: You might publish them?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Can I ... can I go back to-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: I'm concluding this point, Chairman, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Professor Honohan, John Moran, who was a former Secretary General of the Department, was in before us, and he was of the view that the cost of the bailout, the banks' guarantee, would purely boil down to Anglo - that the other banks will effectively fully repay the taxpayer or the investment in them. You've put in a figure of €40 billion. How would you view that pronouncement by John...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: What would be your professional opinion?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Can I go to page 4 of your statement, and you speak about, that on 4 November, that the ten-year bond yields had gone up by 500 basis points.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: We're talking about effectively the-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Sorry, apologies, Chairman. Apologies. Well then, can I just go back. Was the NAMA-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Okay, Chairman, stop ... well, no, I will run out of time, so I'll ask you the question, then you can respond.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: The lead up to that, if NAMA had not been established, and if the haircuts weren't double what they were expected to be in NAMA, was NAMA the lightening rod for the international markets to look in and say, "Ireland as a country cannot afford to bail out the banks to the level that it's expected to be bailing them out."? It made our bond yields go through the roof and it precipitated us...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: -----declaration, was ... was there-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: In the context of changes required, how exactly are contrarian views, if any, now considered and incorporated by the Central Bank? And what reflections do you have and what actions do you now take in reference to contrarian views expressed? Can you give some examples?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: I might give one example of my own. You can feed it in. Morgan Kelly, when he wrote a piece, a good, I think, colleague, on 7 May 2011 in The Irish Times, he basically spoke about, "[And so] the Honohan Doctrine that bank losses could and should be repaid by Irish taxpayers ran its predictable course with the financial collapse and international bailout of the Irish State." So how did you...