Results 16,561-16,580 of 26,050 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: In what way?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Can I ... just one point of clarification just around that whole bailout. The letter that came from Trichet to Lenihan on 15-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Can I just go back to the point ... the letter that went ... it's just to get full clarification, the letter that came from Trichet to Lenihan on 15 October made no reference to applying for a bailout.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: So ... and then suddenly, just over a month later, 19 November, they're being asked to apply for a bailout. And in that period, ELA ... the funding for banks jumped by nearly ... it went from €62 billion up to €109 billion. It was nearly 76% of a jump, which is €47 billion. So the question, really, I want to ask was that ... what was the key factors that ... that...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Which letter was that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: So you were consulted on that letter?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: And when you came out on the "Morning Ireland", who was your audience, who were you speaking to?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: So the main reason you came out was you were worried about the run on the banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: That was the key reason you came out?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: And reflecting back, you're shortly in the departure lounge, reflecting back, how do you feel your term as Governor went? What were the high points, the low points and what would you have done differently?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: And the final question is, a fundamental issue really. One of the key issues that happened in the whole crisis was that you had very large borrowers with loans across institutions, which each institution wasn't aware of. How can we ensure that that doesn't happen again?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Kieran O'Donnell: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Kieran O'Donnell: Mr. McCarthy, in 2005-06, the Minister was advised that the country was, depending ... the Minister for Finance ... depending on unsustainable tax revenues. How robustly was the Minister challenged on the tax and spending policies implemented, and what contingency plans were put in place by the Department to deal with the problems which were envisaged? And I note you've made references to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Kieran O'Donnell: David Doyle in his interview to the Wright report, the then General Secretary, this was the basis of this comment. You might ... Just to continue, sorry.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Kieran O'Donnell: Did you look for, in your role as an economist in the Department ... did you look for ... that the tax incentive schemes around housing ... the various tax incentive schemes, that they would be discontinued earlier? They were due to finish at the end of 2004; they didn't finish until July 2008. Did you specifically in your role as an economist in the Department look that they should be...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Kieran O'Donnell: But you did a report on housing.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Kieran O'Donnell: You did a report specifically on housing.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Kieran O'Donnell: And being, we'll say, a highly experienced and professional economist, would you not ... did it not arise that as part of that review you suddenly said, "One of the elements here has been how the tax policy by Government has driven house completions?"
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Kieran O'Donnell: Were you operating in silos in the Department?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Kieran O'Donnell: You were all operating in the same building.