Results 17,001-17,020 of 26,053 for speaker:Kieran O'Donnell

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?

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

Kieran O'Donnell: Are you satisfied that the level of on-site supervision in banking is now sufficient?

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

Kieran O'Donnell: Sorry. It was a logical question.

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

Kieran O'Donnell: Are you satisfied that there is sufficient-----

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

Kieran O'Donnell: How do you overcome that?

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

Kieran O'Donnell: Thanks, Chairman. After the separation of the Financial Regulator and the Central Bank, the economists were deployed with the Central Bank and they ... the Financial Regulator had access for their purpose. Were there many tasks carried out by the economics section of the Central Bank for the ... for the Financial Regulator and how frequently was this interaction?

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

Kieran O'Donnell: Were you ever asked to do ... by the Financial Regulator, were you ever asked to do studies on strong ... the strong credit growth in the banks, the Irish banks?

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

Kieran O'Donnell: Were you asked to do studies on it?

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

Kieran O'Donnell: Mr. O'Connell, what was your primary role in the Central Bank?

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

Kieran O'Donnell: And how much ... and what was ... how much of an input did you have into the writing of the financial stability report?

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

Kieran O'Donnell: And would you stand over all the contents of the financial stability reports?

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

Kieran O'Donnell: And, Mr. O'Connell, going to your actual statement, right, it's ... there's quite a number of statements. You speak about, on page 2, that ... you say "In practice, it was my experience that any concerns or issues raised by staff for airing in the public arena were invariably watered down". You speak about that: I had written, in a low key way for the Bank’s Comment[s] in its...

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

Kieran O'Donnell: House price levels, right.

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

Kieran O'Donnell: Now, if you had those level of concerns and this statement and you feel so strongly about what's in this statement, why didn't you resign your position in the Central Bank?

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

Kieran O'Donnell: Well, if you felt this strongly, you've given us this statement here today which is basically saying, if I read it, you use the words "watered down", you use the words "blocked", you use the words ... many other similar words throughout your statement. Now, if you felt that strongly over a reasonable period of time in the Central Bank, why didn't you consider your position and why didn't you...

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

Kieran O'Donnell: Morgan Kelly wasn't working for the Central Bank, Mr. O'Connell.

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

Kieran O'Donnell: No, but you were in a position as chief economist in the bank. You had a position of status within the bank. You were based on the seventh floor of the bank. You speak about that, you said on page 3 of the statement, you said: It is sometimes said that nobody seemed to know whether a property boom or bubble was developing. That, that's completely incorrect in my view. If I read this...

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

Kieran O'Donnell: What impact were you having in the Central Bank? From this statement here it appears that one could take an interpretation that you were having little impact.