Results 17,781-17,800 of 26,053 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Yes. Given the parameters-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: ... getting the taxpayers' money back...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: And in terms of your ... I suppose international experience ... do you believe in terms of the structure of the guarantee ... I suppose two very quick questions. Do you believe that AIB would have survived without the guarantee? And do you believe that if burden-sharing had been a feature in terms of the construct of the guarantee, what impact would that have had on AIB?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: Thanks, Chairman. I just want to touch on one or two things in the guarantee-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: -----and then I want to deal with earnings per share. On the night of the guarantee, the proposal that you put, your formula of words-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: -----what did the guarantee cover?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: Did it cover senior bondholders?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: So, it covered all deposits and it covered all-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: And all senior bondholders?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: So, with due respect, Mr. Gleeson, that's akin to effectively a blanket guarantee.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: Well, for instance, you're saying you'd no subordinated debt maturing?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: So, it's akin to a blanket guarantee; would you agree?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: The question is, when the banks were going in-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: -----were they looking for all deposits-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: -----and all senior bondholders to be covered?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: Well then, in substance, the guarantee that arose from the Government, in substance, did it basically ... outside the fact that it included the other two institutions, Anglo and Irish Nationwide, in substance, was it the proposal you put forward?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: No-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: I didn't say it was a footnote, Mr. Gleeson. What I am saying is, the structure of the guarantee, outside ... apart from the participants-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Kieran O'Donnell: In principal, was it ... sorry, in substance, was it what you proposed?