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Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: Did you want ... did you interact with the Financial Regulator on behalf of the board-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: ------at any stage when you were on the board?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: How would you describe your relationship with the banking institutions? In hindsight, were there any aspects of these relations that you consider inappropriate?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: Chairman, can I refer FRG Vol. 1, page 102 in that context, and specifically the second last paragraph, and it says "Indeed, the Financial Regulator's record[s] of the meetings is incomplete". It was about meetings with the banks. How often in your time from 2002 to 2006 would you have met with the CEO of banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: Page 102.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: In that period?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: And would you have met them on your own?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: Which banks did you meet? When would you have met them?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: Would you have met ... did you meet with any of the other banks? Bank of Ireland? Anglo?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: Whence?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: In what context?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: So it was a ... it was a bonding exercise?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: Okay. Can I just go to, Chairman, page 71, Vol.1, FRG? And you were speaking at a ... at a ... you were the guest speaker at a financial Dublin conference ... page 71. I just want to quote you said "Finally, let me assure you [this was in 6 April 2005] ... let me assure you that we, as [a] Regulator, will not introduce or impose unnecessary regulatory burdens that will effect the continued...

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: That was made on the ... that was made, Chairman. I'm conscious of time.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: No, 6 April 2005.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: Page 71, last paragraph. "Finally, let me assure you that we-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: No, no.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: It's delivered on 6 April 2005. Vol.1, FRG, a conference you spoke at "The Future of Financial-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Kieran O'Donnell: Vol. 1, FRG.

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