Results 16,681-16,700 of 26,050 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: He says he's ... the only time ... in his evidence to us ... the only time he was in any way consulted was at the very end of the night to ask were subsidiaries of the banks to be included in the guarantee - the external subsidiaries to be included.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Okay-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Can I just move on? Why did you put forward that Anglo and Irish Nationwide should be nationalised on the night of the guarantee? What was your basis for that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: And were both Merrill Lynch and NTMA advising that Anglo and Irish Nationwide should be nationalised?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: She told me not to ask the first one. Sorry please yes. Sorry Chair.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: This is a very, very important point for me.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Yes, fine. Apart from yourself and Minister Brian Lenihan, the late Minister, Brian Lenihan, was there anyone else in favour of the nationalisation of Anglo and Irish Nationwide on the night in the room?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Just you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Mr. Moran, can I just follow up ... you made a reference earlier in terms of IBRC that when you came in that there was a change, you decided to propose to the Government that there would be change in the mandate of IBRC, which had previously to continue as a going concern. What was the change in mandate and when did you put that proposal and how did that manifest itself?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: You took a proposal to the Minister which went to-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: But I suppose, in the limited time, what I really want to know is how did that ... did you ... was your proposal that Anglo would be wound down earlier?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: What timeframe had you in mind that IBRC would be wound down?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Well, then just two quick things.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Did you ... like, the other banks you were looking to wind the assets down over a longer period of time and the troika wouldn't push you on that, whereas IBRC was quicker, and could you, in terms of the reorganisation of the pro note, did IBRC have to be liquidated for that to happen?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: And ... and-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: On the promissory note.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Kieran O'Donnell: Okay. Can you comment on the quarterly review meeting held with the troika and work programmes up to the end of 2013? Can you comment on the key difference in the rationale, including certain Government Departments overspending certain years, and, in that, can you say were there missed opportunities during the troika programme in terms of reforms for Ireland and Europe in your view, or not?