Results 17,161-17,180 of 26,053 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Kieran O'Donnell: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Kieran O'Donnell: And the final thing then, would you have been aware at the time that, we have seen correspondence here last week from the Financial Regulator to another institution where they were unable to raise any money from the ECB or any interbank funding, would you have been aware of that at the time? That you had one institution that was not able to raise money on either the interbank market or the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Kieran O'Donnell: Well I suppose the question is-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Kieran O'Donnell: The last question really is, when you had an institution like that, which could not raise money on the interbank market or the ECB, would that have set off red lights in terms of how the Central Bank would have viewed liquidity for that bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Kieran O'Donnell: Thank you, Chairman, and I welcome Ms Burke. Can I just go to ... it's ... I don't known what page. It's the second-last place of your statement where you speak about ... that "Senior banking executives [and I'm assuming seventh floor executives] had regular direct contact with senior executives of IFSRA, often without the knowledge of, not to say engagement with, supervisory staff." Now,...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Kieran O'Donnell: Were there occasions where it did?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Kieran O'Donnell: And was that a new bank, or was that an existing bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Kieran O'Donnell: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Kieran O'Donnell: Did you find it impeded and frustrated the supervision division on their day-to-day work?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Kieran O'Donnell: And do you feel-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Kieran O'Donnell: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Kieran O'Donnell: And had ... during the crisis, had a situation developed where it was the seventh floor executives and the supervision staff, that it had developed into a them-and-us-type situation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Kieran O'Donnell: And the qualifications of staff that were working on the banks ... I mean, when you took over, you had three executives looking after one and a half, Bank of Ireland and Anglo. You had three executives looking after AIB, divided one and a half each.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Kieran O'Donnell: What were the qualifications of these people?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Kieran O'Donnell: So typically what level they were at? What level-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Kieran O'Donnell: This is a critical point, Chairman. What level were they at in terms of experience? The question really, I suppose, I'm getting at is ... you were dealing with institutions like large institutions that had enormous internal audit set-ups, enormous regularity set-ups and was it David versus Goliath in terms of the supervision going out to effectively regulate and supervise the banks from...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Kieran O'Donnell: Okay, thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Kieran O'Donnell: Thanks, Chairman. Welcome, Mr. Horan. Do you feel that the level of European macroeconomic and prudential supervision was adequate in the years between '03 and '07?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Kieran O'Donnell: Just on a quick note - on the night of the guarantee were you in any way consulted by your superiors?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Kieran O'Donnell: So you weren't consulted as such-----