Results 17,521-17,540 of 26,228 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Kieran O'Donnell: So would you have ... when you wrote to the ... to the financial services ... the regulator, would you have highlighted that you had to have going concerns? Obviously a letter would have gone in early in 2008. Did you highlight that you had going concerns in respect of the '07 accounts?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Kieran O'Donnell: Well, then, did you highlight ... did you highlight your concerns in respect of ... of liquidity?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Kieran O'Donnell: No, I suppose, I accept that, I am just making ... the point, really, I ... I want to ... to clarify, is, did you report to the Financial Regulator in respect of the '07 accounts in early '08, and if you did report, did you make reference to the problems with ... with your concerns with liquidity?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Kieran O'Donnell: So, therefore, when you ... when you sent in your ... your letter to the Financial Services Regulatory Authority you would have said "We've no issues"?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Kieran O'Donnell: You would have drawn ... you would have drawn attention, Mr. Dobey, to the concerns you had over liquidity, even ... even though ... even though you were satisfied with the ... with the explanations given by AIB?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Kieran O'Donnell: So your concerns in respect of liquidity and respect of the '07 accounts, the regulator would have been made aware of that in early '08?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Kieran O'Donnell: For what reason, Mr. Dobey?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Kieran O'Donnell: And was that specifically to do with AIB?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Kieran O'Donnell: And was it around liquidity?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Kieran O'Donnell: Who did you meet, Mr. Dobey?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Kieran O'Donnell: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Kieran O'Donnell: Fine, you might just give us just a brief indication of what you discussed.

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Kieran O'Donnell: In the limited time, would you provide a copy of that to the committee, Mr. Dobey?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Kieran O'Donnell: Okay. And can I ask a very quick question? So can I take it that the auditing firms had concerns around the audit of banks and, more particularly, around liquidity at the time in respect to the banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Kieran O'Donnell: But in terms of your discussions with the regulator, you would have highlighted you had concerns, collectively the auditing firms with liquidity and the environment in which the banks were operating in at that time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Kieran O'Donnell: Okay, the second question is: if the guarantee wasn't in place in relation to 54, would you have qualified on a going concern basis your audit opinion of in respect of the 2008 accounts?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Kieran O'Donnell: You gave an emphasis of matter in respect of 2010 accounts when the guarantee was lapsed-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Kieran O'Donnell: No, but you gave an emphasis of matter in respect of the 2010 accounts because the guarantee had lapsed, so the question I'm going back: in the 2008 accounts, would you have qualified the accounts on a going concern basis if the taxpayers' guarantee in respect of the banks was not in place?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Kieran O'Donnell: Well, I'm reading from Mr. Terence O'Rourke's witness statement, "In respect to financial statements for 2007, when the general bank guarantee had expired and all the previous assurances from Central Bank" - you gave an emphasis of matter.

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Kieran O'Donnell: But, ultimately, from a going concern basis, do you think, looking back now, that you would have qualified these statements on a going concern basis for the '08 accounts?