Results 16,601-16,620 of 26,050 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: The draft was ... yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: And the amount that the State ended up paying-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: Sorry. The ... my apologies. The amount that NAMA ended up paying, which was around €42 billion, which was nearly a 60% discount, was equivalent to 30% discount on €150 billion, was there any coincidence they ended up both being the same figure, more or less?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: They ended up paying ... sorry, they paid €32 billion, that was actually ... it was ... the discount was significantly higher.

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: And that meeting that took place with the ... the NAMA proposal was considered at a meeting with a large attendance at which the Taoiseach presided. Who would've been at that meeting and were you asked for your own opinion on NAMA and what was your view on NAMA at the time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: Was it the same as the night of the guarantee, Mr. Cardiff?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: And what was the Taoiseach's own view?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: And what was your own view on the night?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: Okay, and-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: So you're saying everyone was in agreement on the night. And who would you be ... would you feel at liberty to indicate as to who ... people that were, for want of a term, sitting on both sides of the fence?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: Okay, and who else on the, on that day, Mr. Cardiff?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: Just one. Okay. Can I take it that the fact that the original NAMA draft plan was based on a 30% discount, which would have been the ... the ... NAMA paying around €54 billion for €77 billion of gross loans and that ended up ... that NAMA paid over €20 billion less. So for €74 billion they ended up paying €32 billion, so, instead of a 30% discount, it was...

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: I'm talking about in terms of recapitalisation of the banks.

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: I'm not saying that but the point-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: If the discounts hadn't happened at that level, would we have ended up going into a bailout at the time we went in, or would we have ended up going into a bailout at all at any time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: Chairman, can I just move on. In your statement, on page 26, you say, "Rightly or wrongly, there was a view that the ECB did not fight ‘fairly’ in all cases ... [what] they would ask for actions ... [to] a particular direction". Did the ECB and Mr. Trichet play fairly with Ireland, both in terms of the guarantee and the bailout? And did they have a ...I suppose, did they...

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: Chairman. Mr. Beausang, in retrospect are you satisfied that communication between the members of the DSG group, domestic standing group, was maximised during the period of the crisis? What areas, if any, were ineffective in the lead-up and during the crisis itself? And I just want to refer to page 9 in your statement where you say, in paragraph 12.6, "Ultimately in the course of 2008, the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: And did you consider resolution mechanism legislation for banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: Did they proceed?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: That's fine, Mr. Beausang. Mr. Beausang, can I go to page 14 of your statement and just take up ... paragraph 18.7, the e-mail records where you received a document intended to be a draft of the Government press state ... press release. This took place ... you got it nearly six hours before the guarantee was put in place. Where did this originate from, this particular press statement, the...