Results 17,241-17,260 of 26,053 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Kieran O'Donnell: So you didn't proceed with the special resolution.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Kieran O'Donnell: If it was there on the night of the guarantee, would you have made ... would you advise differently in respect of how to deal with Anglo?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Kieran O'Donnell: And why was the special resolution mechanism legislation ... why wasn't it proceeded with? You were in July '08, clearly there was a crisis in ... on the horizon. Why wasn't it proceeded with? Why weren't those legal difficulties overcome, Mr. Hurley?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Kieran O'Donnell: With hindsight should it have been put in place?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Kieran O'Donnell: Sorry, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Kieran O'Donnell: Mr. Hurley, if it was there on the night it would've offered other options.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Kieran O'Donnell: Well if it's based on their advice.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Kieran O'Donnell: Okay, can I just, two very quick questions? Thanks, Chairman.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Kieran O'Donnell: First thing, asking you, why, Mr. Hurley, did you not consider providing ELA funding for Anglo over a couple of days' period and going to the ECB to discuss a pan-European solution to the banking crisis?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Kieran O'Donnell: And the final----

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Kieran O'Donnell: And finally, you said in your ... in your presentation that if the guarantee was not put in place "we would have come down", and I quote. They are your words earlier. What do you mean? What ... how ... what would have unfolded over the following day and weeks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Kieran O'Donnell: Thanks, Chairman. Mr. McDonnell, for a layman, we have a lot of technical terms here ... how would you define true and fair ... "true and fair view"?

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Kieran O'Donnell: What about reflecting the actual financial position of the state of the bank at that particular moment in time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Kieran O'Donnell: The 2000 ... year ... the year end for Bank of Ireland is 31 March every year ... was back then. So the year 31 March 2007 and the year 31 March 2008, you would've audited the company's accounts and you gave technically ... which was an unqualified audit opinion ... an independent audit opinion. In layman's terms ... someone reading the accounts, you did not criticise the accounts in any...

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Kieran O'Donnell: Why?

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Kieran O'Donnell: But, Mr. McDonnell, you have said here that there was a liquidity crisis from late 2007 onwards. You had discussions with the regulator amongst the four big firms in Ireland, including PricewaterhouseCoopers, on 10 January 2008, around the whole area about how you'd value securities. That was once again around liquidity. So the question I'm asking here is, to the layman looking in, how did...

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Kieran O'Donnell: The question I am asking once again, Mr. McDonnell, to the ordinary person looking in ... how could you give a report that was in no way critical of '07 or '08 accounts in respect of Bank of Ireland?

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Kieran O'Donnell: I know that-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Kieran O'Donnell: Yes, but Mr.-----