Results 16,981-17,000 of 26,050 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: But it wasn't taken?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: And was this-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: Why did you decide then, on the consumer director side, to effectively codify these guidelines so that you could actually bring in ... impose sanctions?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: In the limited time I have-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: -----is it fair to ... from 2005 on, the two sides of the house of the Financial Regulator, one does consumer protection, and one's prudential lending. The consumer protection had sanctions, had codified the guidelines into enforceable sanctions, whereas on the prudential side that had not happened, yet the option was open to do it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: When you went in as regulator in '09, did you do it? Did you codify ... did you codify on the prudential side, did you bring in sanctions on the prudential side?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: One final question, Chairman. You made reference in one of your earlier contributions where you spoke about that you ... the 100% mortgage and how we react to the 100% mortgage, and you said that ... it was about the capacity to repay. So the question I suppose I'd ask is: would you not take into your thinking that, with 100% mortgage, that you were leaving the borrower far more exposed in...

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: But can I just make a comment?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: The figures wouldn't bear that out, Ms O'Dea, in that Bank of Ireland were a huge motor of the 100% mortgage, and people on 100% mortgages are in far greater arrears than people on normal mortgages.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: So would you just comment on that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: Welcome, Mr. Roux. In comparison to the level of financial reports you've seen in your regulatory career previously, which I ... I think, probably in France, how well do you ... do you ... did the reporting to the Central Bank and, obviously, the Financial Regulator, by the Irish ... by the Irish banks compare?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: We'll say, I'm talking up to when these changes were made. How would the financial reporting by the Irish banks to the ... of the Central Bank or the Irish Financial Regulator have compared with what you would have seen in France?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: How was it different? How was the liquidity reporting and obviously the solvency reporting, how was it in France when you were there in comparison to what it was in Ireland when you came here?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: I suppose Mr. Roux, you brought, you bring an independent voice in this area. Do you believe that the ... looking at it in hindsight, that the level of liquidity reporting in an Irish context from the Irish banks to the Financial Regulator and the Central Bank was of the same standard as the reporting from the French banks to the French regulator?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: Do you believe that the current liquidity reporting by Irish banks is sufficient?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: Okay. Can you ... just in a ... obviously a lot of the areas have been covered but I just want, in the French context, because you bring that flair in terms of France, why did France not have the same type of banking crash that Ireland had?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: How did that manifest itself? What was, what was that crisis born out of? Was it property-related?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: What lessons were learned in France?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: What measures did ye bring in at that time that prevented France being, we'll say, open to the financial crash as Ireland was in 2008 and prior?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Kieran O'Donnell: From what, from what your experience in France, are there elements that you would like to see incorporated into the regulation of Irish banks that would provide, I suppose, a further layer of protection from a further banking crisis coming down the road in Ireland?