Results 17,381-17,400 of 26,228 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: What about the increase in the concentration of property lending? You've omitted that.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: But is it not fair to say, Mr. Hurley, that both the OECD and the IMF were saying the sustainable level of housing numbers was 45,000? Looking with hindsight now, were enough indicators there for you, as Governor of the Central Bank and the author of the financial stability report, to say that we need remedial measures and that we are potentially going into a crisis?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: With due respect, Mr. Hurley, in 2006, 93,000 housing units were built.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: Why didn't you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: Are you saying then, Mr. Hurley, you wouldn't have done anything different?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: Can I finish on this point?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: You also said in 2006 that while the central expectations remain, the current shock-absorption capacity of the bank leaves it well placed to withstand pressures from possible adverse economic and sectoral developments.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: In hindsight, was that wrong?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: In hindsight, was that wrong?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: Thank you, Chairman. Mr. Hurley, you were out sick for two months from the 19 July to 15 September. Who covered in your absence? Who was acting in your place at that time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: So the Governor at the time, the deputy at the time was?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: And the fact that you came back on the 15th, is there any coincidence or not that it coincided with Lehman Brothers filing for bankruptcy?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: Had you just left hospital at the time?
- 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: Okay; and can you just outline, I'm looking at it here, there were four meetings on the night of the guarantee. You had a plenary meeting, was that at seven o'clock, the first meeting, I think-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: That was with all parties, excluding the banks. There was a second meeting with the banks, roughly what time was that, Mr. Hurley?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: At night?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: The first meeting was with the banks, was obviously much earlier.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: And then the next meeting, the final meeting was, so you had, effectively, plenary meeting with not the banks, second meeting with the banks, third meeting was a plenary meeting, then a final meeting with the banks.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Kieran O'Donnell: And that was tying up what you would regard was the contingency funding being provided by the banks?