Results 16,561-16,580 of 26,043 for speaker:Kieran O'Donnell
- 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.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Kieran O'Donnell: The question I'm asking is someone looking in with the Department of Finance, with various elements that they should have been integrated, how do you come up with a cohesive policy within a Department without sections of the Department not discussing specific aspects of policy with each other?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Kieran O'Donnell: Was there any encouragement for people to come forward within the Department at the time, either from top, we'll say, general secretary level down or Ministers, for people to come forward with contrarian views or views that were left of field?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Kieran O'Donnell: Can I just move on very quickly? You made reference to the OECD report and it's Vol. 3, Chairman, and I just want to make reference to a couple of areas. Who pays for the OECD report?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Kieran O'Donnell: So it's the Government pay for it.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Kieran O'Donnell: Now in the report-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Kieran O'Donnell: The page numbers are page 9. I want to make reference, Chairman, to the draft report that was provided to the Department and then to the final report that was published. The draft report runs from page 9 to page 20 and the final report runs from page 23 up to page 37, but I've only two quick specific references. This report was ... the OECD came and did an on-site inspection on 20 February...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Kieran O'Donnell: I want to ask why these changed, and they are specifically around the banks, "...while some features of the deposit insurance scheme should be reconsidered and a special swift procedure for closing failed banks should be enacted". That is completely deleted from the final report in page 26 and equally, Chairman, page 12 deals with a section then where it speaks around in the context, sorry,...