Results 17,481-17,500 of 26,053 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: That's the last question, really, Chairman. Hypothetically speaking, a site ... buying ... lending a substantial amount of money, of the order of a couple of hundred million, on a site which is for a residential commercial development without planning, would that happen in the normal circumstances within the Ulster Bank that you would have been managing, in terms of the business side?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: 3%?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Thanks. To Mr. McLaughlin, Mr. Beggs and Mr. McArdle: did ye consult with your former bank employers prior to coming before this committee? Mr. Begg?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Mr. McArdle?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Okay. Can I just, for a point of clarification, Mr. Begg, and you've gone at pains ... great lengths to give a statement in respect of Professor John FitzGerald's appearance before us. Can I take it from your statement ... how did you regard ... did you regard the stress testing that was in place in '05 in AIB as adequate or inadequate?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Was the stress testing incomplete then? Would that be a fair summation?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Who was on this stress testing steering group? Who was a member of that group in the bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Who was it, to who-----?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Who did they report to?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Who did it report to?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: And can I ask, why didn't your unit or you follow up with John FitzGerald's offer of providing the data to enable you to enhance the stress testing?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Did ye-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: And did you factor those, that type of extra data about unemployment and housing, did you factor that into your stress testing thereafter?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: And Mr. McLaughlin, very quick, and Mr. McArdle, do ye regard the stress testing in your individual banks in, we'll say, the period, we'll say, '05 to '08 was sufficient?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Mr. McArdle?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: The slight difference there was that ye employed the ESRI to actually-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Mr. Beggs you said that they wouldn't do the work. There's a bit of an inconsistency there.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Okay, Mr. McArdle-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: I suppose in the limited time ... I suppose the question-----