Results 17,041-17,060 of 26,050 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: At all?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: So ... so the banks were effectively ... it was the wild west. The banks could effectively breach the limits without fear of any consequence from the regulator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: So, therefore, what controls were in place to stop the banks from growing their property portfolio concentration? I mean, this is what ... this is what caused the crash.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: So, what could have been done at the time that you could have maybe gone to Government, or whatever, to ensure that you could have imposed sanctions to make sure these limits weren't breached?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: Do you bear responsibility for that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: So, why did you allow-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: -----why did you allow it to-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: Sorry.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: But, Mr. Neary, that's fine, apologising, that's great, right, but this was left run unchecked for six years. Maybe one year may be unfortunate, two years would be careless but three and four and five and six-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: I'm quoting from Oscar Wilde, Chairman.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: I've one final question, Chairman.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: -----do that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: Final question. Can I-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: Vol. 2, PNE, page 115. One of the banks described you as a "hopeless regulator". How do you respond to that, Mr. Neary?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: And ... well then, finally, your period as regulator, how would you define it, Mr. Neary?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: Thanks, Chairman. Mr. Neary, I'd just like to clarify one or two small points on the contracts for difference. What date did David Drumm come to you about it originally?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: So roughly three months later, you met with Mr. Quinn in the regulator's?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Kieran O'Donnell: And did you request that meeting?