Results 16,901-16,920 of 26,050 for speaker:Kieran O'Donnell

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

Kieran O'Donnell: Who was the Minister at the time?

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

Kieran O'Donnell: Right. And?

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

Kieran O'Donnell: What was the outcome of those discussions? What-----

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

Kieran O'Donnell: What did Mr. McCreevy say to you?

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

Kieran O'Donnell: So, you were ignored?

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

Kieran O'Donnell: And why, if you were ignored, if you felt so strongly about it, why did you proceed to take up position as chair?

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

Kieran O'Donnell: But, sure, they'd no banking experience.

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

Kieran O'Donnell: Very little.

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

Kieran O'Donnell: Sorry, okay.

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

Kieran O'Donnell: Correct.

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

Kieran O'Donnell: But in looking at it and taking that executive experience you're talking about, you were ... you announced the appointment of both CEOs, which were both Mr. O'Reilly, Liam O'Reilly, and Patrick Neary. So, what was the process by the ... the appointing panel, the persons for the executive team in the Financial Regulator who actually appointed the CEO? What was the process you went through?...

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

Kieran O'Donnell: Who were they, Mr. Patterson?

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

Kieran O'Donnell: I can give you his name, he was Kaarlo Jännäri.

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

Kieran O'Donnell: Do you believe in the circumstances where you had over 80% of the people interviewing, five of the six people were from the board with no bank regulation experience in both cases, interviewing for a position, do you believe that you recruited the correct person in the circumstances? Was it the appropriate process? You were setting up a completely new regulatory authority, why didn’t...

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

Kieran O'Donnell: What was the salary on offer at the time?

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

Kieran O'Donnell: What was the salary on offer at the time?

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

Kieran O'Donnell: That's a considerable salary, Mr. Patterson.

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

Kieran O'Donnell: So you're telling me that the only person you could recruit on both situations were people from inside the system on that level of salary?

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

Kieran O'Donnell: And two things, do you not believe you should have had further banking regulation expertise where you had five of the six people with no bank regulation experience? Surely it should have been balanced in having people on the interview board with bank regulation experience? And what type of performance measures did you have in respect of the CEOs thereafter?

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

Kieran O'Donnell: So these were members of the board-----