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Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: Correct, what were you looking for?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: Had you bonds maturing? I know I am running out ... I just want you to give me a, flesh out what you wanted, deposits, senior bondholders, had you bonds maturing?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: One brief ... it is very short. So you looked for the lower tier two subordinated debt to be included?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: Lower tier two?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: Mr. Goggin, we had Mr. David Duffy, current CEO of AIB, in before us yesterday. He said that the bank had contacted former executives of the bank looking for a reduction in their pensions back in early 2014. Were you ever contacted by Bank of Ireland in a similar regard?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: So you've taken no reduction of any form in your pension? ... I'll take that as a "Yes", as a "No" ... fine.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: Can I ask the ... when you ... why did you retire rather than resign from Bank of Ireland?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: Were you ... As part of your contract of when you retired was there gardening leave included in terms of going to other similar type financial institutions?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: But you are now working with Apollo who are a company who are investing -----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: Can I just go to ... on the night of the guarantee you stated that you left, as far as you were concerned that a blanket guarantee was being put in place for the six rather than the four institutions.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: Now. AIB, Mr. Sheehy told us last night his understanding was it was just the four institutions.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: So can you tell me the circumstances and the meeting that took place, where your understanding was, who informed you that it would be a blanket guarantee involving all six of the institutions. What time was the meeting? Who was present at the meeting? Who directly informed you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: Where all the banks there?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: There were only two banks there.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: What time was that roughly?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: Two o'clock in the morning, yes, came back into the room? Who was present in the room at that time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: Who informed you? What was the circumstance ... how were you informed there would be a blanket guarantee of all six?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: And they said it was the six institutions.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: What response did the two banks give on the night?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: Did ye say ye agreed or disagreed with it?

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