Results 17,581-17,600 of 26,053 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: And did the UK regulator ... was of the opinion that was not acceptable, is that correct?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: In October 2008.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: And was there an outflow ... did the guarantee being put in place in Ireland, did it have an impact on your deposit base in Ulster Bank in Ireland?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: Did it put, did it put Ulster Bank Ireland under financial pressure?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: And was that ... was that a function of the UK regulator?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: How big of an increase was that, how big of an increase was that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: So, we'll say in total, what level of billions would have flowed out in that month?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: Okay, and what would your deposit base have been at that time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: It was significant.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: Can I just make a point? How much, between directly and indirectly, how much of UK taxpayers' money has been put in to Ulster Bank in Ireland?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: But in essence, if Ulster Bank had been a stand-alone Irish bank, you would be looking at potentially up to €14 billion of Irish taxpayers' money being invested in Ulster Bank.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: I suppose the question I'd ask is if NAMA was an option, would Ulster Bank be in a healthier position today?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: But if NAMA had of been an option, you would have taken it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: Can I move on to the whole issue on the loans? At what level did you have to seek approval from Royal Bank of Scotland, at which level did they kick in, in terms of loan approvals in terms of Ulster Bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: An average, an average.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: So if you were typically putting a loan, of the order of the loan that's been mentioned in terms of the Ballsbridge site which was well in excess of €300 million, what type ... in a typical loan, what type of due diligence would be done? Would you give loans on the basis of land ... on the basis of land and development that would be subject to planning permission being applied for and...

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: Yes, and, typically, in terms of the ... did you have any internal controls about the percentage of the loan book in terms of land and development that would be in any one particular loan?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: Well, can I make ... in 2005, what would have been your level of, we'll say, a land and property development loans issued in that particular year, roughly?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: Well, you were ... you were CEO over those years. Typically, what were you lending per annum?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: No, I'm talking purely Ulster Bank Ireland, Ulster Bank Ireland.