Results 17,821-17,840 of 26,053 for speaker:Kieran O'Donnell

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

Kieran O'Donnell: What was your view in terms of your exposure to liquidity?

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

Kieran O'Donnell: Problems.

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

Kieran O'Donnell: Correct.

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

Kieran O'Donnell: When did you anticipate you'd come under real pressure on liquidity?

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

Kieran O'Donnell: Well, Mr. Sheehy says that you were going to be ... you could have difficulty ... "Within one month, we will be funding banks overnight."

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

Kieran O'Donnell: And on the final thing in the guarantee - and it's coming from your own memo of AIB, B1, Vol. 1, C3b - if Mr Burrows had not rang you on Monday of 29 September-----

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

Kieran O'Donnell: -----what would you have done? What would AIB have done?

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

Kieran O'Donnell: But, yes, Bank of Ireland said that they were going ... they'd go on it solo if you didn't go with them?

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

Kieran O'Donnell: Well, did you feel any compulsion to go to Government on that night, like on that basis?

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

Kieran O'Donnell: Yes, but the Bank of Ireland had rang you to go?

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

Kieran O'Donnell: Can I move on to risk? And when you did your restructuring plan, you said your decision to expand into property was "misguided, and that its risk management and internal government systems were not as effective as they should have been in controlling this risk". Now, I'd a quick look through a couple of things and it's within AIB, B1, Vol. 2 and Vol-----

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

Kieran O'Donnell: AIB, B1, Vol. 2.

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

Kieran O'Donnell: At page 11.

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

Kieran O'Donnell: And it's a report that AIB commissioned with Mercer Oliver Wyman.

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

Kieran O'Donnell: And that's dated 22 March 2007, and it says, "Poised on the edge of greatness", from AIB. And then if I go to page 22 of that document, the case study targeting risk taking. Now, this is just over a year before the guarantee, the crash-----

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

Kieran O'Donnell: In this, yes.

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

Kieran O'Donnell: Yes. Page ... sorry, it's page 22, so go to page 11 of Mercer Oliver Wyman and then go to page 33.

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

Kieran O'Donnell: Yes, 22 of the document. And you speak about targeting risk-taking.

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

Kieran O'Donnell: Yes, but they obviously presented to the board.

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

Kieran O'Donnell: Okay, so did ye commission them to do this?